News & Articles

Brian Holstein | January 2021

Positive Big Picture

It is obvious that hotel operating performance will be much better in 2021 than 2020.  It is, perhaps, less obvious that hotel lending has already begun staging a comeback that will accelerate throughout the year while continuing to stay ahead of actual hotel performance.

Hotel CMBS Lending Rebounds Prior to Hotel Performance

Brian Holstein | March 2020
Congress formally passed the CARES Act on March 27, 2020. It will provide over $2 trillion in economic assistance to individuals, specific industries, and small businesses to help stimulate the national economy which has experienced historic layoffs and business contraction due to COVID-19. As it relates to the hotel industry, the primary method of financial relief designated by the CARES Act will be through Small Business Administration lending programs, namely the "Economic Injury Disaster Loan" (EIDL) and an expansion of...

Brian Holstein | March 2020
At US Hotel Advisors, we are doing everything we can to help our clients during these tough times. We have been spending considerable time consulting with borrowers, lenders, servicers and attorneys to help our clients navigate through what will hopefully prove to be a relatively short-lived, yet unprecedented, liquidity crisis. If we can be of assistance, please do not hesitate to reach out. In the meantime, US Hotel Advisors has compiled a list of modification options that, based on preliminary conversations, may be available to borrowers to help generate liquidity, pay operating expenses and defer payments until cash flows normalize. At the moment there is no “global” relief modification being offered, so each modification needs to be... Continue Reading

Brian Holstein | January 2018

Borrowers and lenders both enjoyed a fruitful 2017 and US Hotel Advisors predicts that 2018 will be more of the same.

Looking Back at 2017

Brian Holstein | July 2017

Coke or Pepsi?  Stripes or Solids?  Apple or Android?  Ohhh, the agonizing decisions we humans are forced to make on a daily basis!  What if I told you that choosing between a fixed-rate loan and a floating-rate loan could make or break an otherwise successful real estate investment?  Given how often this topic arises and how long the deliberation can last, I will guess that most real estate professionals reading this article would agree with the above statement.  Below is a primer on the differe

Brian Holstein | January 2017

The commercial real estate lending markets started 2016 slow and choppy and spent the rest of the year making up lost ground.  Volume was down, but available for good deals; rates and spreads were accommodative, even with the year-end Treasury rate spike; defaults rose slightly, but not alarmingly and banks and life insurance companies picked up market share at the expense of CMBS lenders.  This year, the debt markets will face their own set of unique and unprecedented challenges, but

Brian Holstein | April 2016

Navigating the CMBS market can be a confusing and challenging process.  Here are three CMBS secrets that will strengthen your negotiating position and ensure that you leave nothing on the table.

#1 – EVERYTHING is Negotiable!

Brian Holstein | January 2015

Do you need to raise capital for potential acquisitions, new developments or property renovations?  Are you nervous about the $350 billion of CMBS loan maturities looming over the next three years or eager to lock in low interest rates for the next ten years?  Do you have trapped equity behind a low leverage loan?

Brian Holstein | September 2013

Whether you are in the market for a simple refinance or acquisition financing, a discounted-payoff (DPO) financing or a PIP-induced recapitalization, the same rules apply.