The program offers a borrower-friendly alternative to standard financing through a competitively priced blended rate. It addresses financial hurdles in today's hotel investment landscape, where traditional lenders have tightened their criteria.
AVANA Companies announces a new co-lending construction program with IHG Hotels & Resorts. This collaborative initiative aims to accelerate U.S. hotel development within the IHG brand family. Hotel owners and developers seeking to build or convert properties under select IHG brands can apply for these loans, providing a crucial lifeline in a challenging lending environment.
The program offers a borrower-friendly alternative to standard financing through a competitively priced blended rate. It addresses financial hurdles in today’s hotel investment landscape, where traditional lenders have tightened their criteria. AVANA and IHG will commit $250 million in construction loans for U.S.-based projects primarily across the EVEN Hotels, avid hotels, Atwell Suites and Holiday Inn brands.
Read the full article: https://www.constructionweekonline.in/business/avana-ihg-initiate-joint-lending-scheme-to-accelerate-us-hotel-industry-growth
This article was originally published on constructionweekonline.in. Accessed on Feb 6, 2025.
