Capital is available to finance hotel deals, and buildings are once again changing hands.
Indeed, the study notes, "competition among lenders to finance hotel acquisitions has driven financial institutions to continue to ease lending standards, increase loan-to-value ratios, and decrease loan spreads despite the minor increases in interest rates in 2006".
After bank lending dried up in the last recession, developers turned to the program to finance hotels, condominiums and other projects from Manhattan to Miami.
"Income from ongoing businesses is up substantially from 1984 and reflects improved performance in our major activities, including insurance and finance, hotels, industrial technology and European telecommunications," he said.
She owns 30% of Grupo Breca, a Peruvian holding company with interests in agriculture, finance, hotels, mining and real estate.
Ana María owns 30% of Grupo Breca, a holding company with interests in agriculture, finance, hotels, manufacturing, mining and real estate.
Together with her two sons and three daughters, Rosa owns 30% of Grupo Breca, a holding company with interests in agriculture, finance, hotels, manufacturing, mining and real estate.
Chairman of concretemaker Aju, which also has interests in storage, car rental, finance, hotels; started construction-material business in Vietnam last year.
64-year-old Said ALJ is the president and owner of Sanam Holding, a large Moroccan investment company with interests in food manufacturing, finance, hotels and distribution.
The companies surveyed represent a broad cross-section of industries — including manufacturing, construction, finance, hotels and restaurants — with nearly half having more than 1,000 employees and a quarter having fewer than 10.
But he said that selling units to individual investors is becoming a popular form of financing hotel construction, particularly as developers find it increasingly difficult to get public subsidies for these projects.
