By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 21 August 2011 Hotel Lenders: Do you know how due diligence for hotel lending differs from due diligence for other commercial real estate lending? More expertise, more time, more resources. We have seen far too many hotel lenders "who don't know what they don't know" when underwriting a hotel loan, but then get a very expensive education post foreclosure. The due diligence required in hotel lending is far more intensive than for any other kind of real estate lending and requires far more expertise. The article below by my partner Guy Maisnik gives a few examples. To read up on why hotel loans are different, you can refer to our previous blogs: Why hotel lending is different and 8 pitfalls of hotel lending and how to avoid them and the overview in part 1 of this series. Please see the links at the end of this article for other articles in the "What every hotel lender needs to know" series.
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