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The Financing Challenge

Published Thursday, May 15, 2008

Clearly, the tide has turned in lodging financial markets, and after many years at a disadvantage, lenders are back on top. They control the flow of debt money and, as a result, the pace of new hotel development and acquisitions. Money — and plenty of it — is still available, but the terms and rates have changed, as well as who can gain access to it. These are some of the conclusions drawn from this year's survey of the hotel lending community conducted by Hotel Brokers International in conjunction with Lodging Hospitality. “Despite an increasingly challenging credit environment, ...

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