Lenders Checking In? Hoteliers Say Construction Lending Is Reviving | wsj.com
With the U.S. hotel industry nearly fully recovered from the recession, are lenders finally ready to revive the long-dormant construction industry for hotels? Some hoteliers speaking at an industry conference this week in Los Angeles said that construction lending has come back, and a wave of new hotel openings will result in the coming years. Others, however, cautioned that underwriting standards remain stricter than during the boom, and lenders mostly are focusing their attention on the best projects, markets and developers.
