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Re: Marriott right of first refusal (by Den):

Of note, the ROFR process is initiated during the closing process - that's after a sales contract has been signed. This is the first thing done by the closing company.

MVC has displaced us as the buyer a few times. At times, I've even paid more than the ask to increase the chance of passing the ROFR hurdle.

I would be interested to know how many of the Ebay deals get through the ROFR process.