Hotels

Scarce Funding For Small Hotel Developers

Associate Director for Tri Hospitality Consulting said smaller developers will continue to have difficulties funding hotel projects because banks are reluctant to lend for this asset class.  John Podaris said “Life is hard for small developers. They will be looking to the private equity market – and the private equity market is particularly risk averse at this time.” 

He said liquidity will probably not filter through to the market until after 2010, and banks are interested in secure, high end, sustainable developments.   Podaris explained that banks are governed by good Central Bank rules about lending, and they generally focus on customers who generate the best business.  He said banks will focus on clients they have established long term relationships with, and that have marketable projects.

More Hotels
Accra Marriott Hotel, Ghana, becomes first Marriott in West Africa
Jumeirah Beach Hotel, Dubai, will be closed for renovation in summer 2018
Hilton’s ‘bleisure’ travel option – a new way to work and play
Latest Travel News
Emirates launches service to London Stan...
Turkish Airlines launches "Year of Troy ...
Warner Bros. World™ Abu Dhabi to open on...
Featured Sights To See
National Museum

National Museum

Kuwait, Kuwait

The National Museum is Kuwait’s first museum, and was the former home of the Al Badr family in Kuwait City. Although the architectural plans were ready by 1960, construction began only in 1981. The museum was once a treasure trove for the royal family, displaying Islamic artifacts and royal material, however after the invasion a lot of it was destroyed. It is located on the Arabian Gulf Street bet...

National Science Center

National Science Center

Kuala Lumpur, Malaysia

The National Science Center was built in 1996 as a way of promoting science and technology. The exhibitions highlight themes which link science and daily life and the environment and religion. Opening times: Monday to Thursday: 9.00am - 5.00pm Friday: 9.00am - 12.15pm & 2.45pm - 5.00pm Saturday: 9.00am - 1.30pm Sundays & Public holidays: closed...

Panasonic Center

Panasonic Center

Tokyo, Japan

Japan is famed for the rapid technological advances it has made and the high quality electronics that it churns out. The Panasonic Center allows for tourists to witness firsthand the sheer progress Japan has made in this department.  Visitors are allowed to interact and use the various exhibits including Nintendo games on gigantic TV screens, checking out various cameras, camcorders and other gadg...

Roman Baths

Roman Baths

Beirut, Lebanon

The Roman Baths were lost to the city for several years and were discovered in 1968-69. It wasn’t until the 1995-97 period of reconstruction that they were fully discovered. Situated behind Bank Street, the site is surrounded by a garden which attempts to recreate the atmosphere of ancient Roman gardens. In addition, there is a small amphitheater for open-air concerts. Rue Riad El Solh, Beirut...