Sunday PropTech’s European Hotel Bet Has an Unexpected Profit Engine
Sunday PropTech is buying an established European hotel operator with a long record of acquisitions. But Fletcher’s financials reveal that most of its profits come from government accommodation, even as earnings fall and borrowing costs rise.
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Sunday PropTech’s European Hotel Bet Has an Unexpected Profit Engine — Image credit: Photo Credit: Fletcher Hotels
Sunday PropTech is buying an established European hotel operator with a long record of acquisitions. But Fletcher’s financials reveal that most of its profits come from government accommodation, even as earnings fall and borrowing costs rise.