WSJ: Investors Are Buying Shabby Hotels and Whipping Them Into Shape
Hotel sales are rising as renovation costs, stricter brand requirements and limited new construction push owners to sell aging properties to well-capitalized buyers.
"It was a highly competitive year for lenders on our list, and we gave props to those who kept the market ticking over with their multiple irons in the fire and several different ways to finance borrowers irrespective of market conditions. Whether they were offering a suite of products, playing up and down capital stacks, buying loan pools or securities, or launching new partnerships, our top lenders are those that offered continuity, reliability, certainty of execution, critical expertise and a wee bit of scrappiness.” — Commercial Observer
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