Let me answer your question with another question: How to you pay debt service on a $770 million hotel acquistion, plus another $750 million in improvements, with $1-2 million in ebitda per quarter?

Answer: You don't.

Fire Kwasniewski, the over-hyped, over paid GM of the hotel who makes $1.5 million per year. He has no idea how to run a hotel and has about as much charisma as a bag of hammers. This place is going under, wait til City Center opens in a month, that will be the final nail in the coffin. I have not been wrong about one thing on this board in 12 months, mark my words.

http://www.lasvegassun.com/news/2009/oct...