Program Web Address
In the early 1990s, the U.S. lodging industry witnessed a severe shortage of debt capital as traditional lenders exited the market. During this period hotel lending was revolutionized by the emergence of real estate debt securities. The author discusses key factors which have affected the growth and development of commercial mortgage backed securities and their changing role as a significant source of debt capital to the lodging industry.
"Securitization of Lodging Real Estate Finance,"
Hospitality Review: Vol. 22
, Article 7.
Available at: http://digitalcommons.fiu.edu/hospitalityreview/vol22/iss1/7