Word: phoenicians
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Dates: during 1990-1990
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...lining a lot of other people's pockets. They gave S&Ls away from October to December 1988. They are causing fortunes to be made by these assets that they're confiscating, being given into other people's hands for nothing. They took a hotel away from me, the Phoenician resort, that's probably the best hotel ever built in the U.S., and they've turned it into a Holiday Inn. Why doesn't the media ask, Good God in heaven, what's happened here? What if I'm right? That's what you're going to find...
...Phoenician resort grossed $48 million in the first year of operation. Its occupancy rate was in the neighborhood of 76%. Hotels are a perfect hedge against inflation because you can raise the room rates every day. And what is critical is that its gross income, food, beverage, everything else, per room, was approximately...