01 June 2015
In the Hotel Business article “Industry optimism still remains at Meet the Money,” executive news editor Stefani C. O’Connor captured perfectly the atmosphere of Meet the Money® National Hotel Finance and Investment Conference, organized by JMBM’s Global Hospitality Group®. that took place May 5-7 in Los Angeles.
“The sentiment among attendees remained that there continues to be an abundance of capital chasing deals, with foreign investment, particularly out of China, keeping transaction activity robust.”
The article, which appears in the May 21, 2015 issue of the publication, details the financing terms provided by a number of debt and equity providers whose executives participated on conference panels, including:
- James Morehead, Managing Director, GE Capital Franchise Finance
- Adam Valente, Managing Director, Rockbridge Capital
- Matthew Hick, Director of Financing, Access Point Financial
- Francisco Nacorda, EVP, The Loan Depot Lending Co.
- Alice Gao, SVP, Industrial and Commercial Bank of China
- Ira Ury, Managing Director of PMZ Realty Capital
These and dozens more industry insiders shared their expertise throughout the two-and-a-half day conference.
O’Connor’s article also includes the numbers provided by Vail Brown, STR’s VP of Global Business Development, which indicate healthy hotel fundamentals: On a 12-month moving average, hotel occupancy is up 3.6%, Average daily rate (ADR) is up 4.7%, Revenue per available room (RevPAR) growth is up 8.5% and room revenue is up 9.5%.
Brown is quoted as saying, “It is a really, really good time to be in the lodging industry here in the United States.”
We couldn’t agree more.
Read the full article here: Industry optimism still remains at Meet the Money
Mark your calendars for the 26th annual Meet the Money® National Hotel Finance and Investment Conference: May 2-4, 2016, Sheraton LAX, Los Angeles.
This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We’ve done more than $87 billion of hotel transactions and have developed innovative solutions to unlock value from hotels. Who’s your hotel lawyer?
Our Perspective. We represent hotel owners, developers and investors. We have helped our clients find business and legal solutions for more than $87 billion of hotel transactions, involving more than 3,900 properties all over the world. For more information, please contact Jim Butler at email@example.com or +1 (310) 201-3526.
Jim Butler is a founding partner of JMBM, and Chairman of its Global Hospitality Group® and Chinese Investment Group™. Jim is one of the top hospitality attorneys in the world. GOOGLE “hotel lawyer” and you will see why. Jim and his team are more than “just” great hotel lawyers. They are also hospitality consultants and business advisors. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them.