Posted by Andrew Muro on January 25, 2004 at 17:04:22:
Hi-
I had an idea for a hotel property that I am interested in pursuing, but getting started is daunting. What is the best arena to secure financing for a medium sized hotel property?
I recently received my MBA and would love to be able to bring this idea to fruition. I am still in the early stages of planning and do not have a business plan yet, which is probably the key first step.
Any ideas or thoughts? Also where might I find information on the state of the hotel industry? I wonder if after the least few years there aren’t a number of distresed properties?
Thank you