July 11, 2022
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Hotel lenders seek properties in leisure markets
Hotel lending will be solid going forward because of pent-up demand and signs of recovery in the sector. Lenders have been cautious the past few years, and there has not been any in-place cash flow to underwrite. Rising rates could actually help hotel financing as these assets have been trading at higher cap rates than More
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Acquisition of the Week: Two Dallas-Fort Worth assets sell for $71.5 million
Copper Creek, a 274-unit asset in Fort Worth, and Highland Bluffs, a 357-unit asset in Dallas, recently sold for $71.5 million. The sale was orchestrated and coordinated by Al Silva, senior managing director of investments and Ford Braly, both of Marcus & Millichap’s Dallas-Fort Worth office. Silva and Braly represented the sellers and procured the More
