We’ve received a mandate from one of the private equity funds we advise to find compelling investment opportunities in the hospitality and assisted living sectors in these 23 Florida Counties: • Gulf Coast Area: Levy, Citrus, Hernando, Pasco • Tampa Bay Area: Hillsborough, Pinellas, Manatee, Sarasota • North Central Florida: Alachua, Putnam, Marion, Sumter • East Coast: Flagler, Volusia, [...]
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Hospitality industry expert, Steve Van (pictured right), sees trouble ahead with foreclosures in the hotel sector. BLOGGER COMMENT listed below by David Repka of Bison Financial Group. Steve Van hates being the pessimist, but he can’t help it. The CEO of Prism Hotels & Resorts says comparing the last two years of hotel distress to what’s coming is [...]
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I have been contacted by more lenders in the past 30 days than in the past 30 months… combined. I’m especially excited about the return of the CMBS marketplace. Get ready for the return of cheap, plentiful, non-recourse capital to fund commercial real estate. The dark days are over… time to get back in the [...]
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Yesterday I spent an hour on a conference call with a national lender that is putting their money where there mouth is and has started to actively quote on income producing commercial real estate loans to be aggregated for a pool targeted to be securitized in Summer 2010. Here are some of my notes on [...]
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Follow this link to view an inspirational 4-minute interview with Barry Sternlicht, the founder of Starwood Capital, to learn what motivated a then 31-year old unemployed young man to take the leap of faith and start his own business. From humble beginnings his 3-man start-up went on to become the world’s largest owner of hotels. [...]
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[youtube=http://www.youtube.com/watch?v=d_J28rip1Ms] The lingering recession is leaving $850 a night hotel rooms empty. Large, luxury hotels are in default with their lenders.
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