CoStar: Creativity is Key to Hotel Financing, Experts Say
Peachtree Group CEO Greg Friedman says creativity is becoming essential in hotel financing as borrowers increasingly turn to alternative capital in a higher-rate environment.
CoStar News - Those waiting around for lower interest rate policy are likely to be disappointed, but experts say creative borrowers and lenders across the hotel industry are being rewarded.
Recent coverage from across CoStar News Hotels has highlighted the current state of lending for the industry, including how many borrowers have had to look beyond traditional options. Here are highlights from that coverage.
During a recent podcast appearance, Peachtree Group CEO Greg Friedman noted creativity is increasingly important in hotel financing.
This is because traditional bank lenders largely remain sidelined.
"If an asset has great in-place cash flows, there's no challenges on refinancing," he said. "It's when they lack the cash flows and the asset performance isn't fully recalibrated to this new interest rate environment where they're starting to have struggles because the asset values dropped and in a lot of cases they need to bring in additional liquidity."
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