Financing
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The Lodging Conference: Brand execs talk straight on the election, technology, financing and more   3 Oct, 2012 On The Road

PHOENIX—Hotel brand executives kicked off the discussion at this week’s Lodging Conference at the Arizona Biltmore by sharing their thoughts on everything from politics to hotel financing, with some surprising results. More>>

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Richfield Hospitality expands into China   27 Sep, 2012

Richfield Hospitality has announced that it has formed Richfield Hospitality China, a joint venture with a Shanghai China-based ownership group to operate hotels in China. The new company has signed agreements to manage two extended stay hotels and has six additional contracts in the final approval...More>>

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Hotel construction makes a comeback in large and small towns   19 Sep, 2012

According to The Wall Street Journal, hotel construction, which dropped precipitously during the economic downturn, is making a turnaround in both major and secondary markets.More>>

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Portland, Ore., commission gives go-ahead for Hyatt-branded hotel at convention center    14 Sep, 2012

Metro and the Portland Development Commission gave their approval to start negotiating development plans for a hotel at the Oregon Convention Center that would be built in part with public money, The Oregonian reports. The vote supported a Hyatt-branded proposal over a Sheraton-branded hotel...More>>

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Orient-Express completes €35m refinancing with European bank syndicate   13 Sep, 2012

Orient-Express Hotels has completed a €35-million refinancing (about $45 million) of its two Sicilian hotels, Grand Hotel Timeo and Villa Sant'Andrea. Following the December 2010 refinancing of Hotel Cipriani in Venice, Hotel Caruso in Ravello, Villa San Michele in Florence and Hotel Splendido...More>>

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White Lodging plans additional Austin project   12 Sep, 2012

White Lodging Services Corp. is planning to develop an additional "300-room, upscale hotel" in downtown Austin, according to the Austin American-Statesman. The company is seeking zoning changes to allow it to develop the new-build hotel on vacant land at East Fifth St. and San Jacinto Blvd. in...More>>

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EB-5 "visas-for-dollars" financing takes spotlight   7 Sep, 2012

The New York Times DealBook today looks at the EB-5 visa program hotel development companies are using increasingly to finance new hotel development. The program, which has been available since 1990, grants visas to foreign investors who sink at least $500,000 in an American business. The article...More>>

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GE Capital lends $20 million to finance Edmonton hotel purchase   5 Sep, 2012

The Edmonton Journal reports that GE Capital has provided $20 million to Temple Real Estate Investment Trust to help fund its purchase of Edmonton’s Hilton Garden Inn. The Winnipeg-based REIT completed the $31-million acquisition of the six-story, 160-room hotel on the city’s west side last...More>>

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Lenders should raise hotel loan-to-value mortgages   30 Aug, 2012

Columnist Jeff Wilder on why in order for the lending community to get comfortable increasing lending levels for hotel businesses back up to (for example) 65 percent to 70 percent, we must continue showing lenders the lodging industry’s hotels are businesses that are built for the economy of both...More>>

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Essex House to fly JW Marriott flag   17 Aug, 2012

New York City gets its first JW Marriott hotel with the news that the iconic Essex House Hotel in Central Park South will fly the Marriott flag. Earlier this week, Strategic Hotels & Resorts agreed to purchase the property, formerly flagged as the Jumeirah Essex House, from the Dubai Investment...More>>




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