Hoteliers see new lenders enter the game
More lenders are going to be interested in hospitality for the foreseeable future. There will be ample capital going forward and it will come from a wide variety of sources. Watch for life companies, private money lenders and debt funds to be the most active, while CMBS will start to be part of the conversation again. Some banks are re-entering the sector, although most regional banks will still be limited. Debt funds especially had a tough 2023 so they have ample liquidity to put out. Lenders are seeing that they can grab yield in the hotel space as the pricing is higher than some of the other property types.
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