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GlobeSt.TV: Hotel Lender Sentiment Shifting to 'Pay to Play.'

NEW YORK CITY-Davis recently spoke with Maria Wood, hotels editor for GlobeSt.com and Real Estate Forum, about distressed hotel loans, the prospects for acquisitions and what signs will point to a lodging recovery.

By Ryan Clark | Updated on November 23, 2009
<!– this comment prevents auto wrapping of urls –> Geoff Davis, president of HREC Investment Advisors spoke with Maria Wood, hotels editor for GlobeSt.com, about distressed hotel loans, acquisition prospects and what signs will point to a lodging recovery. Watch the full video on GlobeSt.TV.

NEW YORK CITY—When it comes to working out troubled hotel loans, lenders have shifted from “extend and pretend” to “pay to play,” says Geoff Davis, president of HREC Investment Advisors. Meaning, he says, that borrowers need to put up more capital if they want to restructure a loan. If they cannot, “We could see an increase in foreclosures,” Davis says.

Davis, president of HREC Investment Advisorsrecently spoke with Maria Wood, hotels editor for GlobeSt.com and Real Estate Forum, about distressed hotel loans, acquisition prospects and what signs will point to a lodging recovery. For the full video, click the link below.

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