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Hotels have the chance of returning to pre-covid performance levels, but only if their capital base is properly restructured now, argues Eric Assimakopoulos, founder of Revetas Capital.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated.
Shiva Hotels' managing director on financing hospitality during covid-19
The long-term refinancing facility for the Connaught and the Berkeley, two of London’s most luxurious hotels, was arranged by US bank Citi.
The £180m loan for a new luxury London hotel is one of the few financing deals closed in the sector since the pandemic began.
Ali Imraan, the managing director, debt and special situations, at real estate investment manager LaSalle Investment Management, discusses the opportunities Spain offers property debt fund lenders.
London & Regional has refinanced its Fairmont Monte Carlo hotel with the French bank.
Hong Kong-based Regal Real Estate Investment Trust (Regal REIT) has announced that its wholly-owned subsidiaries, Bauhinia Hotels Limited and Rich Day Investments Limited, have secured a HK$5.5 billion (€632 million; $710 million) revolving loan facility with nine local and international banks and financial institutions.
The bank provided the three-year, floating-rate loan with two one-year extensions to R.D. Olson Development.
Jones Lang LaSalle (JLL) has appointed Erik Jacobs to its Capital Markets Hotels & Hospitality Group as it expands its lending advisory business across Europe.
Jacobs will be cover hotel transactions across the EMEA region from a debt and equity perspective.