A rendering of the 143-room luxury hotel Hyatt Place at Orlando Melbourne International Airport. 'Untested Territory': As Hospitality Sector Recovers, Reed Smith's Miami Team Secures $18 Million Hotel Financing
"There are lenders out there who aren't doing hotel financing right now, and certainly not hotel construction, but I think smart lenders are taking advantage of high real estate values, and low-interest rates," said Reed Smith partner Jonathan Kurry. "It's a little bit of unknown territory or untested territory."
February 14, 2022 at 03:48 PM
4 minute read
Florida's hospitality sector appears to be on its way back as global law firm Reed Smith advised a bank in an $18 million loan deal to fund the construction of a hotel at Orlando Melbourne International Airport.
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