|
|
Article: Hotel lending is back - with reservations; bankers don't instantly hang up the phone when they hear the word "hotel" anymore. (includes related article on Branson, Missouri, hotel boom)
- Article from:
- ABA Banking Journal
- Article date:
- November 1, 1994
- Author:
-
|
Copyright informationCOPYRIGHT 1994 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Banks are dipping their toes back into the hotel-lending business. But inexperienced owners and operators need not apply. Banks are interested in financing people who have proven track records. Financing for construction of new hotels and motels, however, is frequently difficult to obtain. And where credit is being extended, bankers are striking tougher deals, putting more of the onus of bad performance in the borrower's lap.
Yet to the hotel industry, this is good news.
"Lenders are no longer hanging up when they hear the word 'hotel'," says Kyle Draggoo, director of hotel brokerage at Merimark Corp., Houston. "They'll at least listen to you."
Prices on the ...
Related newspaper, magazine, and journal articles:
|
|
Article: State banking cooperative helping community banks remain independent
The Mississippi Business Journal;
April 10, 2006 ;
700+ words
......Banker's Bank (MNBB) has been helping the state's community banks stay strong and viable. Such a banking cooperative...organization. "It was created by Mississippi community banks for Mississippi community banks," said Neely, the MNBB's chief executive officer...
|
|