Hyatt Hotels Corp.'s goal of transforming into an asset-light business is well on its way after several sales in the second quarter. During the company's second-quarter earnings call, President and CEO Mark Hoplamazian said it's been an active first half of the year for the company. Hyatt … [Read more...] about 6.24.22: HYATT’S BUSINESS STRENGTHENS FROM HOTEL SALES
4.23.22: HIGHER RATES DRIVE U.S. HOTEL ROOM REVENUES ABOVE 2019 LEVELS
Higher rates continue to make up for lower occupancies across the U.S. hotel industry, pushing weekly room revenue higher than it was in 2019, but not high enough to negate the effects of inflation. Data from STR show U.S. hotel industry occupancy for the week ended April 23 rebounded from the … [Read more...] about 4.23.22: HIGHER RATES DRIVE U.S. HOTEL ROOM REVENUES ABOVE 2019 LEVELS
2.7.22: COSTAR: HOTEL CMBS LOANS POISED FOR STRONG RECOVERY
The amount of loans backed by hotels and packaged into commercial mortgage-backed securities, or CMBS, typically moves with the economic cycle. In the recessions of 2002 and 2009, issuance of hotel CMBS loans declined to almost zero, but in 2020 more than $3.5 billion in CMBS loans were made. In … [Read more...] about 2.7.22: COSTAR: HOTEL CMBS LOANS POISED FOR STRONG RECOVERY
1.17.22: Q4 2021 U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its fourth-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, vaccines and booster shots paved the way for a brief return to some semblance of normalcy; however, as we enter 2022 the nearly two-year global health crisis is … [Read more...] about 1.17.22: Q4 2021 U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its third-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, the U.S. lodging industry has shifted dramatically over the past 12 months. Looking back to this time last year, the world was fiercely battling the Coronavirus, … [Read more...] about 7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
The COVID-19 pandemic has affected hotels more than other asset classes eligible for CMBS conduit loans. In January 2021, the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to yearend 2020 data from STR. In addition, year-over-year declines … [Read more...] about 3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
VALUEXPRESS OBTAINS A $5,000,000 SBA 7(a) COMMITMENT FOR A HILTON GARDEN INN HOTEL IN MCALLEN, TX
ValueXpress has arranged a $5,000,000 SBA 7(a) loan commitment for the refinance of the Hilton Garden Inn – McAllen, a 4-story, 104-room interior-corridor property that was constructed in 2000. The property offers a restaurant and lounge, 975 square feet of meeting space, an outdoor pool, an outdoor … [Read more...] about VALUEXPRESS OBTAINS A $5,000,000 SBA 7(a) COMMITMENT FOR A HILTON GARDEN INN HOTEL IN MCALLEN, TX
2.20.21: ACORE Launches $1-Billion Hotel Rescue Capital Initiative
ACORE Capital has formed an investment strategy backed by a group of institutions targeting rescue capital for North American hotel operators to navigate the ongoing health crisis and subsequent debilitating blow to the hospitality industry. The initiative culminated on Tuesday with the company … [Read more...] about 2.20.21: ACORE Launches $1-Billion Hotel Rescue Capital Initiative
VALUEXPRESS OBTAINS $3,425,000 SBA 7(a) COMMITMENT TO PAY OFF A CMBS CONDUIT LOAN FOR A DAYS INN HOTEL IN LAREDO, TX
ValueXpress has arranged a $3,425,000 SBA 7(a) loan commitment for the refinance of the Days Inn – Laredo, a 2-story, 126-room interior-corridor property that was purchased and gut-renovated by the sponsors in 2011. The property offers an outdoor pool, exercise room, outdoor barbeque and picnic … [Read more...] about VALUEXPRESS OBTAINS $3,425,000 SBA 7(a) COMMITMENT TO PAY OFF A CMBS CONDUIT LOAN FOR A DAYS INN HOTEL IN LAREDO, TX
10.23.20: HOTEL MARKET OBSERVATIONS FROM LW HOSPITALITY ADVISORS
According a recent report from LW Hospitality Advisors, the situation with today’s global travel sector, which many characterize as being “on the brink of collapse,” is simply unprecedented. Seven months into a worldwide pandemic that shows no sign of abating anytime soon caused a swift, wide, and … [Read more...] about 10.23.20: HOTEL MARKET OBSERVATIONS FROM LW HOSPITALITY ADVISORS
