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It is getting tougher to obtain bank financing for new hotel projects. Banks are looking not only at the financial metrics of new projects, but the ability of developers to deliver the project on time and on budget; they are also considering the ability of the developer to whether a financial downturn.

Loan to Value ratios are becoming more conservative, in the 50% range.

Rising land and construction costs are cutting into potential profitability.

Read more at:Bisnow