«The very fine lender sieves of the new era» | By W. Michael Murphy

This may be the phrase of the year, summarizing in nine little words the increasing difficulty hotel industry borrowers will face in 2009 as they try to secure financing for their projects. The good news ? Tough conditions in the capital markets won’t last forever, writes W. MICHAEL MURPHY of Atlanta-based FIRST FIDELITY MORTGAGE COMPANY. The bad ? We won’t see real relief during 2009.

About The Hotel Yearbook: The Hotel Yearbook is a uniquely forward-looking annual publication. Each year, dozens of CEOs and other senior executives from the hotel industry worldwide, as well as leading analysts and observers, use this platform to share their expectations for the coming twelve months. Each of the 70+ contributors looks specifically at his or her area of expertise, describing the likely developments for the year ahead. As a whole, The Hotel Yearbook thus offers readers a comprehensive overview of the trends and factors that will have an impact on the performance of the hotel business in the year to come – as perceived by the industry’s leaders themselves. For more information visit www.hotel-yearbook.com.

«The very fine lender sieves of the new era» | By W. Michael Murphy This may be the phrase of the year, summarizing in nine little words the increasing difficulty hotel industry borrowers will face in 2009 as they try to secure financing for their projects. The good ... Adobe PDF Document (Download Acrobat Reader) File Size: 1214 Kb - Tuesday, 20 January 2009