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Hotel Lending News

  • Service Properties Cuts $100M From Capital Program; Planned Hotel Sales Delayed Due to …
    ... year or next year due to the lack of financing available for hotel transactions ... The company does expect that it may experience fewer hotel closures  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-30
  • Service Properties Trust Announces Efforts to Mitigate COVID-19 Impact
    As a result of these circumstances, lending for hotel transactions has effectively ceased and accordingly we expect that these transactions will be  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-30
  • Hotels see gap in rescue, seek Fed commercial mortgage bond aid
    Limits on loan size mean many hotels won't be able to cover costs and could be forced to cut staff. ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-30
  • CARES Act: Paycheck Protection Program (PPP) for Restaurant and Hospitality Businesses
    In a significant departure from historical SBA loan programs, the CARES Act will extend eligibility for loans under the PPP to nearly all restaurant and  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-29
  • People need loans as coronavirus spreads but lenders are making them tougher to get
    Large U.S. lenders including JPMorgan Chase & Co., Bank of America ... On Deck recently stopped making new loans to movie theaters, hotels and  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-28
  • US Airlines Under a Bailout and 14 Other Must-Read Coronavirus and Travel Stories This Week
    Plus, the latest on hotels deals and financing. It's not pretty. And Skift Research looks at the eventual opportunities for venture capital in travel that may  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-28
  • People Need Loans as Coronavirus Spreads. Lenders Are Making Them Tougher to Get.
    Small-business lenders also are getting stingier with credit. On Deck recently stopped making new loans to movie theaters, hotels and nightclubs. It also  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-28
  • United States: Coronavirus: Important Issues For Hospitality Industry Owners, Operators And Lenders
    With the US hotel industry facing group business cancellation rates of 40 percent in the next 90 to 120 days, the hospitality industry is at the forefront of  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-28
  • Coronavirus fallout will test commercial real estate industry’s ability to weather the storm
    It remains to be seen how willing lenders will be to extend the expiring CMBS debt or pretend that the underlying value there was in a fully booked hotel  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-27
  • Big-name US hotels go empty while smaller owners are hurt
    Industry worried about huge mortgages, construction loans and commercial and industrial loans taken out on hotels. Fri, Mar 27, 2020 - 5:50 AM  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-26
  • Hotel Deals and Lending Zapped by Coronavirus at the Finish Line
    Until lenders can wade through the $2 trillion U.S. stimulus package and determine valuations, hotel deals will remain on ice. Expect smaller banks to  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-26
  • First known coronavirus death among shelter population
    ... Finance Chairman Danny Dromm are calling on the de Blasio administration to postpone the city's tax lien sale. — Hotel occupancy in the city fell to  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-26
  • Senate’s Coronavirus Relief Package Draws Some Industry Praise
    ... hotel as an individual business unit, so as long as an individual hotel doesn't have more than 500 employees, that hotel could qualify for lending up  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-26
  • Winners and losers in Congress’s $2 trillion coronavirus stimulus package
    The S&P Supercomposite Hotels Index, which includes cruise operators, also extended gains, as did restaurant and casinos stocks. Airlines win loans,  ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-26
  • Peer-To-Peer Lending Firm Launches ‘Deferred Start Loan‘ For Businesses Affected By Coronavirus
    Peer-to-peer (P2P) lending platform Linked Finance has launched a new ... break to all its loans across the restaurant, bar, pub and hotel trades. ... ..read more
    Source: Hotel Lending NewsPublished on 2020-03-26
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