Hotel News Now hosted a roundtable discussion with lenders to the hotel industry, sponsored by Best Western Hotels & Resorts, to measure the current hotel lending environment. Here’s a roundup of HNN’s coverage.
There’s a shift happening in the financing world, according to hotel lenders. Gone are the glorious (or perhaps frothy) days of 2014 and 2015, but many say there are still deals to be done. While the hotel industry might not be enjoying the unqualified optimism of the past few years, the lending community has settled into a calmer but more stable pattern.
Some have argued that today’s financing environment represents something of a Goldilocks zone, at least from a lender’s perspective. There are multiple things a lender is looking for when approached for financing. Chief among them are:
• confidence in the sponsor;
• a property with the potential to succeed; and
• the right brand that will help connect with the right guests.
A group of nine hotel lenders joined Hotel News Now at Best Western Hotels & Resorts’ corporate headquarters in August to discuss their outlook for the industry and what hoteliers should know when they’re on the lookout for financing.
Click here to see what they had to say.