The financing of hotels and resorts requires balancing the borrower’s need for flexibility to successfully operate the hotel against the lender’s desire to prevent cash leakage should conditions related to the borrower’s...more
2/13/2024
/ Commercial Loans ,
Contract Terms ,
Financing ,
Franchise Agreements ,
Hilton ,
Hotel Management Agreements ,
Hotels ,
Hyatt ,
Lenders ,
Loan Documentation ,
Management Agreements ,
Marriott ,
Operating Costs ,
Waterfall Provision
The hospitality industry is facing an unusual challenge. With rising consumer demand, hotels are hitting — and even exceeding — pre-pandemic levels for revenue per available room (RevPar) and EBITA. Yet interested investors...more