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What’s Critical for Hotel Financing Now

IRVINE, CA—The appetite for lending on hotels in general has cooled over the past year, and focus on top-branded product in core markets with experienced operators is now more important than ever, HFF’s James Fowler tells GlobeSt.com EXCLUSIVELY.

James Fowler Fowler: “Most of the submarkets in the OC are considered primary in nature, and lenders are still willing to lend, but capital is becoming more conservative and selective for hotels.”

IRVINE, CA—The appetite for lending on hotels in general has cooled over the past year, and focus on top-branded product in core markets with experienced operators is now more important than ever, HFF’s co-head of hospitality debt James Fowler tells GlobeSt.com. As we recently reported, the firm has closed the sale of and arranged $55 million in acquisition financing for the Hilton Irvine/Orange County Airport, a 306-room, full-service Hilton hotel in Orange County’s business and retail district here. We spoke exclusively with Fowler about the trends he is noticing on Orange County’s hotel-financing arena, how lenders view this market and how it compares to other Southern California hotel markets.

GlobeSt.com: What trends are you noticing in financing for the Orange County hotel market? 

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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