QUOTE (abbe @ Dec 19 2007, 01:19 PM)

oh but i don't want to hear no legalese mumbo jumbo about "equity capital" either
when i say freestanding i really mean FREE STANDING.
I only bet on sure things
It would be no problem for Catterone to throw the chef a bone of 5 million for a free standing before 5 years as an incentive. (Give the baby his bottle)
But knowing my Wall Street friends they would prob attach a debt instument as an exit stategy and demand he take on the payments as a condition for doing the deal.
Freestandings could be done as long as Starwood puts up it's stock as an alternative exit.
But you never know