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  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 35 slides",
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  "authorName": "Morgan Stanley",
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  "presentationDate": "2016-03-01 00:00:00",
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      "text": "Structured Proposal: Acquisition of Hudson and Delano South Beach for $540MM, HMA terms, key money funding, guest list access, warrants, board seats, veto rights, exclusivity, and break-up fee.",
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      "text": "Trousdale WholeCo Acquisition Proposal: Cash offer of $2.25 per share, exclusivity period, diligence timeline, financing, Yucaipa equity roll, expense reimbursement, break-up fee, and voting support requirements.",
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      "text": "1. It its proposal, [*****] estimates stabilized hotel revenue at over $35MM. 2. The warrants may be exercised at any time and will expire at the end of a three year term. The warrants shall have standard anti-dilution adjustment provisions for stock splits, dividends etc. and below fair market stock issuances.",
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      "text": "Submitted Proposal Summary Terms",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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