When HVS asked lenders to identify which sorts of hotel projectsthey would consider for loans currently, 75% said that existingchain-branded hotels were most likely to get loans. Coming in at68% was refinancing existing hotels; at 45% wasrenovation/expansion of existing hotels; at 34% was existingindependent hotel acquisitions; and at 25% were new constructionhotels.
When HVS asked lenders to identify "the maximum loan size youwould currently consider for lodging property loans," 39% said $1million to $5 million; 48% said $5 million to $10 million; 48% said$10 million to $20 million; 45% said $20 million to $40 million;25% said $40 million to $80 million; and 14% said $80 million plus,indicating that few lenders show interest in large projects.According to feedback provided by lenders, the following tablesummarizes the range and median of the loan-to-value ratiosconsidered appropriate for each of the loan size ranges indicatedin this paragraph.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
