Experts talk deal returns, lending

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14 February 2012
By Shawn A. Turner
Finance Editor
Shawn@HotelNewsNow.com
Story Highlights
  • There appears to be a renewed interest in securitized lending, said Richard Rudd, a senior managing director at Allied Advisors.
  • “If you need a loan for less than (US)$20 million, the banks are probably a good place to start,” Rudd said.
  • Buyers targeting the top seven U.S. markets are seeking levered internal rates of return of between 16% and 18%, said Jonathan Falik, a managing director at Cantor Fitzgerald.

Panelists during last week’s Hospitality Law Conference said debt (albeit at tight underwriting) is available in the industry, and during 2012 hotel transactions will climb.
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