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This post is a bit unusual as, while there are economic implications associated with the subject matter, the topic is not real estate finance centric. Before I started working in the business of financing commercial real estate, I spent time consulting. My specialty...

Recent disruptions in hotel occupancies and rates due to the Covid 19 pandemic have caused many limited and select service hotels to suspend daily housekeeping and, where applicable, hot breakfasts. In many cases housekeeping is an Opt-in elective. With the recovery, in...

No matter the business there is one constant, at some point human interaction will be required. As a corollary, if one deals with other people with any frequency, it is inevitable that conflicts will arise. In commercial real estate, and particularly in real estate...

In the words of J Paul Getty, “If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem”. Mr. Getty did not amass his legendary fortune by being ignorant and by failing to understand business...

Let’s discuss feasibility studies. As someone who sources a significant amount of construction debt and equity, frequently for hospitality, I deal with this issue regularly. It is not uncommon for sponsors to request funding for their projects, often sizeable ($15M +) who have...