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Tag : hotel finance

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Hospitality Financial Leadership: Nobody Gets to Be Wrong, Everyone is Wrong, No One Gets to Be Right, Everyone is Right

April 15, 2019

By David Lund I use this quote to start many of my workshops. To me it’s the way I want the participants to stand in their individual power during our...

Sonnenblick-Eichner Arranges $36.3M of Acquisition Financing for Doubletree by Hilton Hotel Campbell Pruneyard Plaza Campbell (Silicon Valley), California

April 2, 2019

Beverly Hills, CA (April 2, 2019) – Sonnenblick-Eichner Company announced today that it has arranged $36.3 million of first mortgage financing for the...

Sonnenblick-Eichner Company Arranges $26,500,000 of First Mortgage Financing for The Inn at the Pier, Pismo Beach, California

February 26, 2019

Beverly Hills, (February 26, 2019)  – Sonnenblick-Eichner Company has arranged $26.5 million of interim first mortgage debt to refinance the Inn at...

Hospitality Financial Leadership: She Said She Was Born Without the Financial Gene

February 25, 2019

The following is a recap of a single coaching session which turned into a coaching relationship with a client. For this article I am going to call my client...

Hospitality Financial Leadership: Roger Penske & The Hotel PMS

February 18, 2019

By David Lund I had a chance meeting with Roger Penske in the parking lot behind the paddock in October 1994 at the Indy Car Grand Prix of Monterey in Laguna...

Hospitality Financial Leadership: The 5 Hidden Costs of Being Branded

February 4, 2019

By David Lund Marriott. Hilton. IHG. Wyndham. Choice. For years these chains have publicized the advantages of working with them: advanced loyalty programs...

Knighthead Funding, LLC Originates $36 Million Loan to Refinance Newly Constructed Luxury Hotel at Hartsfield-Jackson Airport in Atlanta

January 28, 2019

Greenwich, CT (January 28, 2019) – Knighthead Funding, LLC has provided a U.S. subsidiary of Switzerland-based private real estate investment firm ACRON...

Hospitality Financial Leadership: Bring Multi-Tasking to an End for Hotel Leaders

January 21, 2019

By David Lund I am going to begin this piece with a quote because I know there is BIG TIME pushback on the idea of multi-tasking. Being so popular in our...

Hospitality Financial Leadership: Understanding the Importance and Use of The Reserve for Capital Replacement

January 14, 2019

By David Lund The concept for the use of the reserve account is important to understand. It is also essential that hotel operators ensure the reserve is...

Hospitality Financial Leadership: The Matching Principle

January 7, 2019

By David Lund I tell my Introductory Hospitality Financial Leadership Workshop participants that the concept behind the matching principle is “the most...

Hospitality Financial Leadership: The Top 10 Interview Questions About The Hotel’s Finances for a General Manager and the Best Answers

January 2, 2019

By David Lund Interviews are tricky, for both the candidate and the interviewer. A GM’s job interview is a challenge for the incumbent because they need...

Hospitality Financial Leadership: OTA’s and How Hotels Can Best Use Them

December 17, 2018

By David Lund A lot gets said about OTA’s and most of it is negative coming from the hotel world. I get it on one hand as I was the one having to...

Thorofare Capital Provides $17 Million Loan to Refinance Boutique Hotel in Downtown Miami

November 28, 2018

Los Angeles, CA (Nov. 28, 2018) -- Thorofare Capital has provided Langford Partners, LLC, an affiliate of Stambul USA, with $17 million in short-term debt to...

Hospitality Financial Leadership: Going Down the Road – Part 1

November 26, 2018

By David Lund This title belongs to a classic 1970 Canadian movie about two guys from Nova Scotia, Joey and Peter. They moved to Toronto to seek their fame...

Hospitality Financial Leadership: Expectations vs. Agreements

November 19, 2018

By David Lund In life, few things make us less productive and more distant than other people’s expectations of us. Expectations are everywhere, at work...

The History of Financing Boutique Hotels

November 14, 2018

The boutique hotel industry has grown considerably over the last several years, attracting investors and business owners alike. Although every real estate...

Hospitality Financial Leadership: What’s Missing With Labor Planning Tools?

November 12, 2018

By David Lund I’m looking for an end to end solution to labor planning and I have yet to see one that brings it all home. Let me explain what I mean....

Knighthead Funding Originates $8.5 Million Loan to Complete Construction of Holiday Inn & Suites Near Savannah, GA

November 6, 2018

Greenwich, CT (November 6,  2018) -- Knighthead Funding, LLC has funded an $8.5 million construction loan for the completion of a 104-room Holiday Inn...

Hospitality Financial Leadership: Trading Places

October 29, 2018

Circa 2009. Late September. I’m the regional controller for five hotels. Sitting at my desk minding my own business, doing my own work when the phone...

Spirides Arranges $7.8 Million Hotel Construction Loan for New Holiday Inn Express in Rock Hill, SC

October 26, 2018

TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged, and its client has closed a $7.8 million construction and term first priority...

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Page 1 of 3 pages