PHOENIX-Closing out the Lodging Conference on Friday, investors were not shy about speaking their minds during the Owners and Lender's Forum. Coupled with an engaged audience that provided a great deal of fodder—and moderated by ALM Real Estate Media Group's Michael Desiato—the group discussed trends in lending, interest rates, the debut of new markets and funding sources, as well as whether the hospitality sector is nearing peak, has surpassed it or maybe even has a ways to go.
“Hotel lending is getting more competitive,” said Franklin Lin, director of commercial real estate, Deutsche Bank. “There is less money out there for development; there's frothiness of the sector, no doubt. We're starting to use that word more these days.”
Added Mark Owens, managing director of Ackman-Ziff's real estate group, “Of the construction loans we underwrite, we probably only take about 5% of them. We go through everything and it takes a lot of time.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
