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Lenders Bullish On Lodging

LOS ANGELES-A panel including participants from Countrywide and GE Real Estate expect hospitality lending to continue growing and make up a larger part of their overall loan business.

By Daniel D. Williams | Updated on January 23, 2007

(To read more on the debt and equity markets, click here.)

LOS ANGELES-For now, hospitality lending remains a relatively smaller piece of the overall lending pie for such major players as GE Real Estate, Capmark Finance Inc. and Countrywide Commercial Real Estate Finance. Don’t be surprised, however, if loans that are earmarked for hotel deals grow and begin taking on a bigger part of lenders’ business. At least that was the word yesterday at the Americas Lodging Investment conference held at Hyatt Regency Century Plaza during a panel discussion titled: “Capital Markets–The Lenders Outlook.”

Moderated by W. Michael Murphy, executive vice president of First Fidelity Cos., the panel included: Joseph Asciolla, managing director and head of US Lodging Group, Caylon; Wayne M. Brandt, managing director, RBS Greenwich Capital; Warren R. de Hahn, managing director, Countrywide; Gregory I. Forester, senior director, GE Real Estate; and Bruce C. Lowry, SVP, Capmark.

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