Financing
2013 Building Article
Gap financing in today's conservative lending world   8 Feb, 2013

We’re in a period of time when low interest rates on relatively low loan-to-value debt is generally available to borrowers. While this financing is an excellent opportunity for those seeking loans at roundly 50 percent of property value, debt availability becomes more difficult to access as you...More>>

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Mets considering building casino-hotel adjancent to ballpark   5 Feb, 2013

The New York Mets' top brass are mulling over the possibility of constructing a 500-room casino-hotel next to Citi Field, a move team owners could make to offset some $162 million lost in the Bernie Madoff Ponzi-scheme.More>>

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Berlin hotel supply grows as availability of bank debt increases   4 Feb, 2013

High-profile openings are making Berlin a hotbed of development.More>>

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Access Point Financial expands lending platform    29 Jan, 2013

Access Point Financial, Inc., a lending and advisory firm focused on the hospitality industry, has announced it projects expanding its bridge and CapEx lending platform by $200 million in the first quarter, following an active 2012 during which the company facilitated more than $200 million in...More>>

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Low interest rates have hotel owners scrambling to refinance   25 Jan, 2013

With interest rates at historic lows, hotel owners are looking to refinance their assets now in order to take advantage. Blackstone Group is one; it's looking to refinance the Hotel del Coronado in San Diego.More>>

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ALIS: Hoteliers are optimistic and this time they really mean it   23 Jan, 2013

LOS ANGELES – No doubt about it, “optimism” was the word of the day as the 2013 Americas Lodging Investment Summit kicked off here. Hoteliers and developers seem to have shed the cloak of uncertainty that characterized 2012’s election year and are ready to embrace recovery head-on by taking...More>>

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Parking lot in New York's West Village to become hotel   8 Jan, 2013

Commercial Observer reports that a development site at 152-154 Leroy Street (currently a parking lot) in the West Village was sold for $10.25 million to a first-time New York City buyer who has plans to build a hotel on the property. The site has roughly 27,980 gross buildable square feet. Once...More>>

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Loan news: Pebblebrook secures $81M loan with PNC Bank   28 Dec, 2012

Who says banks aren't lending to hotel owners? Pebblebrook Hotel Trust announced that it executed a new $81-million non-recourse, secured loan with PNC Bank at a fixed annual interest rate of 3.69 percent. The loan has a term of seven years and is secured by a first mortgage on the company's...More>>

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Starwood Capital's new European real estate arm does first deal with Maybourne Group   27 Dec, 2012

Starwood European Real Estate Finance, Starwood Capital's newly formed European real estate arm, has done its first deal, providing mezzanine debt to the Maybourne Hotel Group, Property Week reports. SEREF has provided £19 million and its parent Starwood Property Trust has provided £30 million,...More>>

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Brokers expect steady transaction pace in 2013   27 Dec, 2012

The hotel industry is working hard to bring itself out of the hole it has been in the past several years, and brokers are looking at 2013 as the year that transactions finally start to sustain some momentum.More>>




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