Lenders are restricting finance for hotels to big brands and are charging margins up to 400 basis points for conservative leverage, according to a new UK report.
Lenders are restricting finance for hotels to big brands and are charging margins up to 400 basis points for conservative leverage, according to a new UK report.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.