Singapore’s GIC buys 35% stake in European hotel operator HIP
SINGAPORE, Nov 1 (Reuters) - Singapore's sovereign wealth fund GIC has invested in a 35% stake in Hotel Investment Partners...
archiveSTAY
Wall St rallies; Nasdaq hits 40-year milestone, Apple scales $3 trillion
Apple passes $3 trln market capNasdaq composite has biggest first-half gain since 1983,Nasdaq 100 has record first half increasePCE index...
Analysis: US hotel developers run out of cash as construction lending dries up
June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.Hotel developers, private equity firms, and general contractors told Reuters the financial stress on regional banks -- the largest lenders to hotels and other commercial real estate markets -- has forced developers to postpone projects or find other creative ways to raise capital.The hotel industry's predicament highlights the impact on the broader U.S. economy of the...