Newport Hospitality Group Stresses Importance of Transparent Owner-Operator-Lender Relationships for Sustained Hotel Value Creation
🏨 Newport Hospitality Group emphasizes transparency in hotel owner-lender relationships, highlighting alignment as crucial. Newport CEO Andrew Carey stresses effective communication, especially during challenging quarters. Blair Bunting from Live Oak Bank underscores the importance of management quality in financing. Lenders focus on metrics like RevPAR index, not just DSCR. For refinancing, discussions should begin 12-18 months prior. Property Improvement Plans require careful coordination to minimize disruption. Newport manages hotels across the U.S. under major brands like Hilton and Marriott.
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