Hotel Remodel Cash Plentiful, But Tough Conditions Abound

Law360, New York (September 25, 2013, 3:25 PM EDT) -- As a market downturn that sapped demand and blocked financing for high-end hotel remodels comes to an end, investors and lenders are now on the lookout for projects that promise hefty returns in a more robust lodging market. But while funds are flowing again, attorneys say, hoteliers should expect tough terms to come with the windfall.

Although most conditions for such financing plans largely reflect terms that were popular before the recession, lenders are now making it clear that they don't have to disburse money for...
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