Private Credit, Hotels' Savior No Longer
Similarly, KSL Capital Partners closed its fourth private credit fund at $1.26 billion in 2024, exclusively targeting travel and leisure, including hotels in high-barrier urban and resort markets. ... Hotels should act now: Lock in financing before spreads widen. For those eyeing Fed rate cuts (expected 50 bps in H2 2026), a stern warning—actual borrowing costs may rise.