Trends in Hotel Lending: Today, 2016 and Beyond
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Dilip Petigara
(The following is a guest column from Dilip Petigara, COO of AccessPoint Financial. The views expressed are his own.)
The economy’s resurgence has certainly made itself known throughout many industries, the hospitality sector included. We continue to see new hotels constructed, and established properties undergo significant renovations – which have proved exciting for hotel owners, employees and customers alike. Projections are positive: PKF Hospitality Research’s Hotel Horizons study indicated that all hotel chains in major markets can expect higher RevPar through 2017. Now is the time for hotel owners to make investments in enhancements and renovations, whether that translates to a brand conversion or a modernization of technology. Competition is increasing, and hotels not prepared to make considerable updates will fall behind their peers. Whatever a hotel owner’s objectives might be, it is important for them to identify a lender that will not just be a source of funding, but a true, long term strategic partner….
