You’ve done everything right. You have a cash-flowing hotel in a high-demand market, good operating history, a desirable flag and quality sponsor. You’re on top of property improvements, RevPAR is on point and you began your search for financing well before your mortgage matures. Somehow, you still haven’t found the right financing. What could you be missing?
Des Moines development firm Blackbird Investments plans to build an office, hotel and housing development on the north side of Iowa City, a project one company official said would be worth “hundreds of millions of dollars.” The project named Forest View would sit on about 55 acres in area known as “the Peninsula” sandwiched between Interstate 80 and the Iowa River, just west of North Dubuque Street.
Q. I’m rebranding my hotel to a new flag. What are my financing options?
CUSHMAN & WAKEFIELD
Discover what makes Cushman & Wakefield the preferred real estate partner. Visit our global site for more information regarding our company, its services, and our people.
Cushman & Wakefield Minneapolis-St. Paul
3500 W. American Blvd, Suite 200
Bloomington, MN 55431
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.