HotelsMag January-February 2022 | Page 27

address is on every hotel plaque in the lobby . If a housekeeper feels threatened , is unhappy or sees something wrong , they can call him . And the fact is , Sherman says , he doesn ’ t get many calls . “ But if I get a call , I take it very seriously .”
Terrapin is also targeting acquisitions of properties that are doing as well as or better this summer than it did in 2019 . “ Some are from sellers that are just tired of being in the business ,” Sherman says , adding that Terrapin is also looking at several REO hotels going through the system and being listed by brokers . “ We just bought two closed economy hotels in Wyoming from a lender at a fraction of replacement cost , which is a really unusual situation there .”
Sheraton Albuquerque Airport