With interest rates not expected to decline until mid- to late 2024, hoteliers are still navigating market conditions that are characterized by a higher debt-cost reality, fewer active lenders, and struggling debt coverage ratios. Further exacerbated by the recent U.S. bank collapse, which has made financing even harder to secure, deals are becoming more difficult to execute from a traditional lending standpoint. Ultimately, the lending landscape looks very different than it did even six months […]

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