EB-5 financing has become an important source of financing for hotel development in the past few years. And hotels have become a favored class of investment for foreign investors seeking to get their green card with the required investment of capital. Quite a few projects are being funded in this way, and some of the big hotel companies - but most notably Marriott - are encouraging their developers to look into EB-5.
General managers, along with the hotel engineering staff, usually create strategic plans and appoint catastrophe response teams to ensure all potential emergency situations are covered. However, when the unfortunate disaster strikes, it is often unexpected and requires a great deal of quick-thinking and precise responsiveness.
Jones Lang LaSalle surveyed 186 borrowers, and they noted that lenders need to provide certainty of execution as the number one factor they consider in the loan origination process.
New hotel development is back! And there is something you should know about how hotel development is being financed. It is not easy, but developers are getting new hotel developments financed. One important capital source is foreign investors using the EB-5 immigration visa investment.
FIRE SAFETY & THE LODGING INDUSTRY: MISSION ACCOMPLISHED ??
If you follow the issue of fire safety in hotels and motels, you might conclude today that the lodging industry’s historical problem with fires has largely been eradicated. Your conclusion would be partially correct.
Our prediction: Capital providers and special servicers will sell more hotel notes and assets in 2012
While the capital markets are warmer, they are still cold and the velocity of debt and equity flows are currently insufficient to preserve many of the hotels in the hands of their current owners. As hotel metrics improve, hotel notes will command a better price, and lenders will sell more of them. We predict that capital providers and special servicers will sell more notes and assets in 2012 than in the past two years.
SAN FRANCISCO-The Department of Justice gave March 15 as the deadline for all hotel properties to install pool lifts for disabled guests who could not otherwise use the facilities independently. According to the DOJ, these lifts must be fixed, well-maintained, and exclusive to each pool.
Recently, Martin H. Orlilck, an Americans with Disabilities defense lawyer, sat down with GlobeSt.com's Miriam Lamey to discuss the impending deadline and how the hotel industry has and will respond to the requirements
Hotels and other entities should expect unions to routinely use OSHA citations as an organizing tool and a way to harass hospitality employers. In a recent Hospitality Update, we described a May 12 Houston Chronicle article complaining about the allegedly high rate of ergonomic injuries suffered by hotel employees. [See "Multiple Embarrassing OSHA Citations: The Next Union Organizing Tactic?" by Howard Mavity. Hospitality Update, June, 2010.]