From the Orb - by Jessica Lillian, Tuesday, July 29, 2008 What has the state of the economy done to credit availability for financing hospitality properties? With high gas prices and cash-strapped consumers, are existing hotels running into performance problems? Are there any unusual opportunities to uncover during this challenging time? Steve Hanover, senior managing director for hotel finance at PKF Capital in San Francisco, spoke with MortgageOrb about the unique structure of this industry and how it is faring at the moment. |