In the Central Valley of CA, there are alot of JV opportunities for great sites. Many of the land owners want to contribute the land and nothing else. How real is this? Not very. At the end of the day, b0th sides are looking for an equal amount of skin in the game. The question is, how much? It can be cash, a piece of an existing asset - it is totally negotiable. Since new hotel construction is not getting done, that does not slow down the drum beat of the Franchisor and their unquenchable appetiate for new hotels. Cambria is making financing available to developers; will others follow suit? I think you will see brands that are facing extreme presure begin to offer this access.
If your following this blog, I welcome any feedback. If there are topics that you would like for me to address; I would be glad to.
Wednesday, January 28, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment