Jones Lang LaSalle Hotels: Hotels are viable collateral for CMBS again

06/3/2010 |

Hotels are becoming viable collateral for commercial mortgage-backed securities transactions as they begin to post stabilized operating performance, according to Jones Lang LaSalle Hotels. Some CMBS lenders are quoting five-year fixed-rate deals at 6%. Lending for hotels is stepping up in other quarters as well, with banks and life insurance companies beginning to pursue hotel transactions.

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