JMBM's Meet the Money® in the Wall Street Journal. Conference panelists discuss financing new hotel construction.
For the most recent update on this topic, click here
By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
13 May 2013
Meet the Money® made the news again this year, with an article on the Wall Street Journal "Developments" blog. Written by Kris Hudson, the article discusses the return of hotel construction, what types of financing are available, and which markets will be able to support new hotels.
Meet the Money® speakers Marty Collins of Gatehouse Capital, Anne Hampton of Wells Fargo Bank Hospitality Finance, Alison Cumberland and Abid Gilani of Marriott International, Kevin Mahoney of Stonebridge Companies and Paul Novak at Whitman Peterson Capital Partners were quoted in the story.
Conference speakers highlighted the CMBS market, gateway city locations, and upper-midscale hotels developments as factors that might help push construction financing in 2013, although some noted that lending standards are still strict and that many markets may not have a demand for more rooms.
If you haven't read the article yet, you can find it here: Lenders Checking In? Hoteliers Say Construction Lending Is Reviving.
You can more great information from Meet the Money® 2013 at www.HotelLawyer.com on our RESOURCE CENTER, under "Hotel Industry Presentations."