Mortgage Credit Crunch? | By Michael Sullivan (Hospitality Net)
Story date: 2007-10-11 04:23:42
Added on: 2007-10-11 07:00:16
Introduction: Over the summer, much discussion has arisen over the so-called credit crunch, and what effects it may have on the hospitality business both for existing hotels and to-be-built hotels, planned for the future. Below are some of the facts that have generally taken place in the hotel mortgage markets in the last few months: • Mortgage money has gotten “tighter”, meaning lenders who say ...
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