Aside from hotels that are stable, have steady cashflow at 1.25+ Debt Coverage Ratio (DCR) historically, and are simpler to finance, when cash flow is inconsistent and seller expenses are co-mingled and there are renovations that need to be credited back, a thorough analysis of the operations of the hotel is in order. As in this case, such analysis takes the cash flow from under 1 DCR to 1.25 and higher. In many challenging projects we handle at Scientific Capital, our familiarity with the operations, our deep analysis of the cash flow, the seller’s expenses, and the buyer’s operational model will result in projections that are based on facts and hard provable numbers resulting in successful closings.