‘The perfect scenario for our dear friends, the vulture funds’

By Geert De Lombaerde Posted on November 16, 2009 at 9:40 am

Prism Hotels & Resorts CEO Steve Van sees regulators’ extend-and-pretend policies producing only one outcome — “and hotel loans are the lead cow.”

Smart money will wait at the end of the canyon and have a historic feast of cheap hotel asset buys. Most of us will just keep our heads down and try to do the best we can as owners holding on to our hotels or as lenders working out loans.

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Tags: banking, commercial banking, commercial real estate, hotel management, lending, Prism Hotels & Resorts

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‘The perfect scenario for our dear friends, the vulture funds’

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