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By The Barometer editorial staff,
22 February 2012
In this week’s list of active hotel lenders:
• Wells Fargo lends US$150 million to Access Point Financial
• A first mortgage loan from Mesa West Capital refinances the 802-room Hyatt Regency San Francisco
• Clopton Capital is entering the hotel-lending scene
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HNN Newswire
21 February 2012
Growth remain tough for Choice Hotels International, as the company executed 332 U.S. franchise contracts in 2011 compared to 357 in 2010. Choice has 490 hotels worldwide either under construction, awaiting conversion or approved for development.
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By Patrick Mayock, News Editor-International
21 February 2012
Developers and investors are facing “unusual circumstances” to get financing for new hotel construction.
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HNN Newswire
20 February 2012
It is “business as usual” as Travelodge works through a debt restructuring that could see a potential change in owners, CEO Guy Parsons said in a statement.
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By Jason Q. Freed, News Editor-Americas
17 February 2012
Lou Plasencia says most buyers in the market are pension-fund capitalists or foreign investors—all-cash buyers looking for large transactions in primary locations.
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By Joel Ross, HotelNewsNow.com columnist
16 February 2012
A new bill that would change the rules for how banks restructure overleveraged loans is absolutely wrong-headed and should not be approved by Congress.
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By The Barometer editorial staff,
15 February 2012
Included in this list of recent U.S. hotel transactions:
• Marriott International acquired the MetLife Clock Tower building in New York and plans to develop it into an Edition-branded hotel.
• Chesapeake Lodging Trust acquired the 185-room Hyatt Place New York Midtown South for US$76.5 million.
• The 154-room Hotel Palomar Arlington in Virginia was acquired by HEI Hospitality LLC for US$45 million.
• More.
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HNN Newswire
14 February 2012
The deal refinances the 802-room Hyatt Regency San Francisco.
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