In hotel real estate, the transactions that matter most are not the ones that simply add exposure. They are the ones that reveal how sophisticated capital is ch…
A hotel is not lost when liquidity tightens. It is lost when ownership and management lose control of debt, lenders, governance and asset value. A hotel does no…
A hotel is not worth what it looks like. It is worth what it can generate, protect and sustain over time. That is what separates a true hotel valuation from a s…
There is a phase in hotel distress situations that many owners misread. The bank does not immediately revoke facilities. It does not escalate at once. It does n…