Financing flow outlook brightens for lodging

Investment prospects are accelerating for the hospitality industry, a banking expert says, though new construction money will ramp up relatively slowly as lenders scrutinize hotel performance. “Conventional wisdom says that it will take about three years, so until 2023-2024, to get back to 2019 pre-COVID levels,” says David Cain of HALL Structured Finance, “but I could see it returning in the next 1.5 or two years.”