Quote:
Originally Posted by pdxlexus
I'd be surprised if they were able to obtain financing of any kind right now for a hotel. However, this could be a little bit like aiming at a moving target, hoping that the travel industry is back to normal about the same time construction finishes about 2 years from now.
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Obtaining financing for a Hotel isn't much of an issue right now. I have LOI's in on 3 hotels right now and a strong record with our banks. They will finance the projects if the company shows they can have a solid 3 year stabilized forecast, which should not be a problem for Downtown Portland at this point.