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News for the Hospitality Executive |
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Hotel Financing Takes Center Stage at JMBM's 18th Annual
Meet the Money® 2008 in Las Vegas, May 6-8, 2008
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| April 3, 2008 - What a ironic paradox! There is such an
abundance of capital seeking hotel investment. And at the same time, more
hotel owners are frustrated in their efforts to find that very capital.
Why can't the two find one another? Because the capital market "machinery"
that used to match up the hotel lenders and equity sources with borrowers,
is broken -- or at least "out of service" for an undetermined time.
Who's making hotel loans today? In the past few months I have received more than the usual number of inquiries from hotel owners and developers asking, "Is anyone still making hotel loans?" And of course the second question is "Who is providing capital for hotel development and hotel refinancings in this market?" While the hotel lawyers at JMBM's Global Hospitality Group® have always sought to facilitate the flow of capital, we received far fewer of these calls over the last couple of years. Frankly, until very recently, most hotel investors could find their own capital fairly easily in a hyper-efficient market. An alternative when the usual channels of finance are clogged But as the Commercial Mortgage Backed Securities (CMBS) markets have virtually collapsed, and the credit markets have tightened, it has become markedly more difficult to find debt and equity financing for hotel deals. And that is why this year's Meet the Money® is more important to the industry than ever. JMBM's 18th Annual Meet the Money® conference -- sponsored by JMBM's Global Hospitality Group® -- is the best place in the industry to be to meet the players, to find out what kinds deals they are doing, and to put yourself in the flow of business. Better yet, you can do this in 2-1/2 intensive and focused days. Everybody comes to this conference for one reason, and the name says it all -- to "Meet the Money®." Looking for hotel finance connection -- where lenders and borrowers meet. Meet the Money®
has turned 18
For those that have attended Meet the Money® for the past 17 years, you will notice that the 18th annual conference provides something new: a Las Vegas venue (The Green Valley Ranch Resort & Spa) and a 2 1/2-day format. Considered to be the "Gateway to Hotel Finance," connecting providers and consumers of debt and equity capital for hotel deals, the event will bring together hundreds of hotel financing experts, hotel developers, and hospitality insiders to learn about the nuances of today's market, find out who is open for business and for what kinds of projects, to forge new relationships and re-establish ones that have been on the back burner. What does it take to get financing to buy, refinance or develop a hotel or hotel mixed-use project today? All I can say is that I have grilled our speaker candidates for Meet
the Money®, and we have a lot of financing sources that are unequivocal
-- they have a lot of money and they want to put it to work. They are active
NOW. And they are coming to Meet the Money® to let the industry know
just what it takes to do business with them, and to find the right borrowers
or investment opportunities.
The opening session of the Conference will provide a comprehensive "State of the Industry" with feature presentations by Bobby Bowers, Smith Travel Research; Mark Woodworth, PKF Consulting; Suzanne Mellen, HVS; and Daniel H. Lesser, CBRE. This year's Meet the Money® is the place where:
Come join us! It will be informative and entertaining -- and you may just walk away with new contacts, new information, or a new deal in your pocket. For more information about the conference, to register or learn how to become a Meet the Money® sponsor or exhibitor, please be sure to visit http://www.jmbm.com/mtm or contact Kathy Lubecki at 310-785-6707 or at [email protected] |
| Contact:
Jeffer Mangels Butler & Marmaro LLP
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