Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from David Loeb – Robert W. Baird & Co., Inc.
David Loeb – Robert W. Baird & Co., Inc.
Larry, that was very helpful about the bonds and actually answered two of my three questions. We’re assuming that amortization in your interest and we’re still coming up a bit short. Can you talk about what your LIBOR assumptions are and what else might be affecting your interest balances?
Larry K. Harvey
You mean as it relates to our projection for 2009?
David Loeb – Robert W. Baird & Co., Inc.
Yes, exactly.
Larry K. Harvey
I would imagine our LIBOR assumption is [inaudible] so it’s probably in the .5% to 1%, no higher than that.
David Loeb – Robert W. Baird & Co., Inc.
Then there is something else wrong in what we’re doing. Is there anything else in interest that is unusual?
Larry K. Harvey
You’re short of our number? You’re counting the $30 million in?
David Loeb – Robert W. Baird & Co., Inc.
We’re counting the $30 million and we’re still coming up short of your number.
Larry K. Harvey
Why don’t you circle back with us offline and we’ll see if we can help you.
David Loeb – Robert W. Baird & Co., Inc.
As long as there’s nothing big in there then that’s fine we’ll figure it out and we’ll be happy to circle back. But, the $30 million clearly is a big entry and that’s what we’ve got.
Operator
Your next question comes from Napoleon Overton – Morgan, Keegan & Company, Inc.
Napoleon Overton – Morgan, Keegan & Company, Inc.
A couple of things, how much of the 3.75% exchangeable notes remain outstanding?
Larry K. Harvey
There’s $400 million of that issue that remains outstanding today.
Napoleon Overton – Morgan, Keegan & Company, Inc.
And that’s puttable to the company in 2010, correct?
Larry K. Harvey
That’s correct.
Napoleon Overton – Morgan, Keegan & Company, Inc.
In addition to that, what other debt maturities, what are total 2010 debt maturities?
Larry K. Harvey
That’s the only debt that comes due in 2010.
Napoleon Overton – Morgan, Keegan & Company, Inc.
I believe you own two Hyatt Regencies in Boston, which one of those was the sale property?
Larry K. Harvey
The one that we sold is the one that was located in downtown Boston. We still own the one that’s located in Cambridge.
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