Lease agreements and management agreements create fundamentally different risk profiles. Lenders need to assess rent coverage, DSCR, debt yield, tenant covenant…
In cross-border hotel financing, risk is not driven solely by the interest rate or LTV. Covenants, jurisdiction risk, cash flow, security packages, currency exp…
International investors do not simply acquire hotels. They assess cash flow, IRR, CAPEX, leverage, governance, operator quality, downside protection and exit po…
ExCelle Hotel San Gimignano will join Minor Hotels’ Colbert Collection with 33 rooms created within the historic former convent and prison of San Domenico. But …
In April, InvestimentiAlberghieri.it asked a precise question: would Via Sicilia 57 become a benchmark for Rome’s luxury hospitality market, or an elegant but i…
A hotel is more than a real estate asset. When it converts territorial demand into revenue, employment, supply-chain activity, cash flow and debt-servicing capa…
Selling a distressed hotel immediately can crystallise a substantial discount. Financing a turnaround can create significant value, but only when the risk-adjus…
Owning valuable hotel real estate does not necessarily mean capital is being deployed efficiently. Refinancing, sale & leaseback, PropCo-OpCo separation and ass…
An independent hotel turnaround plan is bankable when forecast cash flow can service debt with an adequate margin of safety, including under downside scenarios.…
A hotel sale & leaseback is a transaction in which the hotel owner sells the property to an investor and simultaneously leases it back, allowing the business to…
Across the Italian hotel mid-market, profitable businesses can operate within real estate assets that remain materially underutilised. The investment opportunit…
Cheyne Capital has refinanced Portopiccolo Sistiana with €26 million in senior debt. Behind the transaction are an institutional sponsor, Minor Hotels and a mix…