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The financing, provided by an institutional-grade balance sheet lender, repaid construction financing, returned equity to TPI, and includes an earn-out structure for future proceeds based on performance. Trailing netoperatingincome increased meaningfully from marketing through closing.
The financing, provided by an institutional-grade balance sheet lender, repaid construction financing, returned equity to TPI and includes an earnout structure for future proceeds based on performance.
“Working alongside NYU SPS has helped us better understand where the hospitality industry is experiencing friction,” said Umar Riaz, EY Americas real estate, hospitality & construction consulting leader/EY Americas hospitality sector leader. Top two industry trends causing the most strain on hotel netoperatingincome: 1.
Potential pitfalls of a major renovation include excessive room closures, negative guest reviews, or even losing a large client due to noise and construction. New construction also carries far greater risks than buying a performing hotel. To know which loan programs can finance renovations and PIP costs, go to [link].
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