ValueXpress predicts strong demand for CMBS loans in 2022 based on pent-up financing needs from the pandemic, loan maturities and a return to rent growth from inflation. ValueXpress believes CMBS loans for hotels will outpace other asset classes for CMBS conduit loans. Hotels have been essentially … [Read more...] about 11.30.21: VALUEXPRESS FORECASTS STRONG DEMAND FOR CMBS LOANS IN 2022, LED BY HOTELS
8.9.21: HOTELS MOVE TO À LA CARTE MODEL FOR AMENITIES
The COVID-19 pandemic resulted in many changes to how owners operated their properties. Rooms were cleaned only upon check-out unless requested by guests. Breakfast service was curtailed, and amenities were shut down. These changes were expected to be restored after the pandemic subsided. But … [Read more...] about 8.9.21: HOTELS MOVE TO À LA CARTE MODEL FOR AMENITIES
6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
The hotel lending market is rebounding solidly amid the receding COVID-19 pandemic. Destination hotels, extended-stay hotels and other service-oriented hotels that remained busy during the pandemic are expected to qualify for new loans as cash flows rise sharply amid pent-up demand from travelers. … [Read more...] about 6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
4.2.21: HOTELS IN TOURIST LOCATIONS FINDING STRONG DEMAND
As previously reported, 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, … [Read more...] about 4.2.21: HOTELS IN TOURIST LOCATIONS FINDING STRONG DEMAND
8.15.20: HOTELS MAKE A COMEBACK: 4 INCLUDED IN RECENT CMBS OFFERING
Four hotel loans that were closed pre-COVID-19 have been included in the most recent CMBS offering led by Wells Fargo and UBS. The $560.5-million offering included 40 loans secured by 71 properties. The hotel loans included in the pool are the first since the pandemic significantly impacted hotel … [Read more...] about 8.15.20: HOTELS MAKE A COMEBACK: 4 INCLUDED IN RECENT CMBS OFFERING
7.15.20: VALUEXPRESS PROVIDING SBA 7(a) LOANS ON HOTELS
CMBS conduit loans are temporarily unavailable for hotels until operating performance recovers from the effects of COVID-19. In the meantime, to assist clients and borrowers, ValueXpress is providing SBA 7(a) loans up to $5 million on all owner-operated hotels, including independent hotels. The … [Read more...] about 7.15.20: VALUEXPRESS PROVIDING SBA 7(a) LOANS ON HOTELS
6.18.20: CHOICE HOTELS SUED BY FRANCHISEES OVER VENDOR PROGRAMS AND FEES
A group of Choice Hotels International Inc. (Choice) franchisees have filed a lawsuit that claims the hotel company is burdening operators with inflated costs for goods and imposing duplicative fees to boost its own revenue. The franchisees claim Choice has set up its qualified-vendor program, … [Read more...] about 6.18.20: CHOICE HOTELS SUED BY FRANCHISEES OVER VENDOR PROGRAMS AND FEES
ValueXpress Arranges $13,800,000 CMBS Conduit Loan for the Refinance of a Portfolio of Hotels Located in Indianapolis, IN
ValueXpress has arranged a $13.8-million CMBS conduit loan for the refinance of two franchised hotels located in Indianapolis and Scottsburg, Indiana. The Hampton Inn – Scottsburg is a 4-story, 86-room hotel constructed in 2000. The hotel is located 80 miles south of Indianapolis and 30 miles … [Read more...] about ValueXpress Arranges $13,800,000 CMBS Conduit Loan for the Refinance of a Portfolio of Hotels Located in Indianapolis, IN
7.18.19: Be Careful When Lending on Dual-Branded Hotels
Dual-branded hotels are becoming more popular as owners aim to capture more guests by having two market segments under one roof. The benefits are twofold: It brings the best of both brands to more guests and consolidates back-of-house operations like housekeeping, reducing overall operating costs. … [Read more...] about 7.18.19: Be Careful When Lending on Dual-Branded Hotels
ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH
ValueXpress obtained a $9.75-million first-mortgage loan that provided a significant pay down of portfolio debt secured by two hospitality properties located in Sandusky, OH, the Best Western Plus – Sandusky and the Comfort Inn – Sandusky. Both properties are located on Milan Road, adjacent to each … [Read more...] about ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH
