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A new report from JLL says that debt funds continue to be the most active lender types, but the firm has seen a “significant” increase in banks, insurance companies, and CMBS originations for hospitality deals.

“A bank deal that would have priced in the high 300s/low 400s in January, would price in the high 200s/low 300s today (and could be as low in the high 100s/low 200s for the highest quality deals); similarly, a debt fund deal that would have priced in the low/mid 500s in January would price in the low/mid-300s today,” JLL notes in the report.  “Additionally, we’ve seen financing transaction volume accelerate exponentially since that start of the year…Based on the amount of available liquidity and improving fundamentals, we expect this strong pace to continue through the balance of the year.”

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