Anyone work on hotels that use an income metric as a basis for PM? How are you re-assessing PM due to COVID-19 impact?

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Drop it like it’s hot

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Dart board. Throw a dart and that’s how many millions PM is.

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We’re using 3-year normalized earnings as basis this year.

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Yes I saw that guidance and had the same thought that maybe we need to consult - Partner was comfortable enough with our position and decided it didn’t warrant a consult

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Atlas. The firm has guidance around Covid.

I checked and it suggested normalized earnings. However, we have to have a reasonable basis that earnings will return to normal within 12 months and I don’t think that’s something we can reasonably assume.

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