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we're that big because we work with their party owners and so our strategy has been about going asset light and we've been selling off hotels for many years now it's our 10th anniversary as an independent company and that's been our strategy so the Mike Hopkins San Francisco hotel is the latest disposal we're delighted to do that with a very very good owner who we've not worked with before but actually we we think of ourselves as asset light but brand heavy and we invest heavily in our brands and you know that's where the strength of the business now is and that's what encourages the guests that we have in the third-party owners we work with so what are you using the money for obviously as you say you're disposing of assets you're raising quite a bit in the process so where's the money going well we balance where we where we put the money we've returned a lot of money to shareholders over the years but we've also invested heavily in the business in driving our brands and in technology...
