Legacy Lending Partners

India is experiencing a booming hotel growth phase fueled by strong travel demand, a growing but still limited supply, and substantial investment inflows. According to Vijay Thacker, CEO of Crowe Advisory India and managing director of Horwath HTL India, the market is thriving like never before, with inbound travel rebounding strongly post-pandemic—9.2 million tourists visited in 2023, a 23% increase from 2022. While international tourism approaches pre-pandemic levels, domestic travel remains a key driver, spurred by business trips, religious pilgrimages, and weddings. These trends are shaping the direction of hotel development in India, as highlighted at the recent Hotel Investment Conference Asia Pacific. 🔗 Read more: https://lnkd.in/e-NJMFnt #IndiaTourism #HotelGrowth #TravelTrends #DomesticTravel #HospitalityIndustry #InvestmentOpportunities

The third quarter saw a surge in office space leasing by technology companies, hitting a nearly three-year high. Tech firms leased 9.9 million square feet across the U.S., up from 8 million in the previous quarter and marking the highest level since late 2021. This growth reflects the expansion of artificial intelligence companies and a rise in tech industry employment, according to CBRE Group's latest report. 🔗 Read more: https://lnkd.in/e7XUc9eN #TechGrowth #AIInnovation #OfficeLeasing #CommercialRealEstate #TechIndustry #CBRE

🦃✨ Wishing everyone a Happy Thanksgiving filled with love, laughter, and gratitude! 🌽🥧 Take a moment to appreciate the little things and enjoy the company of family and friends. What are you thankful for this year? 🍂❤️ #Thanksgiving2023 #Gratitude #FamilyTime

The U.S. hotel transaction market has faced challenges in recent years, marked by a significant bid-ask gap and rising debt costs that have deterred investors. However, the outlook is shifting, with hotel-focused real estate investment trusts anticipating a more favorable deal environment on the horizon. 🔗 Read more: https://lnkd.in/eEdpxDza #HotelInvestment #RealEstateTrends #HospitalityMarket #REITs #InvestmentOpportunities

Multifamily cap rates are rebounding to pre-pandemic levels, sparking renewed investor interest as property values stabilize and transactions increase. A recent American Landmark report highlights a moderate recovery in the sector, driven by strong apartment demand and growing deal activity. In Q2 2024, market cap rates rose to 5.9% (up from 5.5% in Q2 2023), with 3-star properties averaging 6.2% and 5-star properties at 5.3%. While some valuations lag behind current market trends, this creates opportunities for savvy investors to secure assets at advantageous prices before appraisals align with market dynamics. 🔗 Read more: https://lnkd.in/e2mHgwBJ #RealEstateInvesting #Multifamily #CapRates #MarketTrends #InvestmentOpportunities #CommercialRealEstate

Recent data shows a clear distinction in demand for full-service, upper-upscale hotels between midweek and weekends, with room demand on Friday and Saturday nights now over 2% higher than in 2019's pre-pandemic levels. This trend underscores shifting guest preferences and weekend leisure demand growth. 🔗 Read more: https://lnkd.in/gFksVT_X #HotelTrends #WeekendDemand #HospitalityIndustry #Travel

A new report by Moody's reveals that lenders are increasingly exposed to financial risks as hurricanes and other climate-driven events impact commercial real estate (CRE) holdings. Using Hurricane Milton as an example, the report underscores how these disasters not only damage properties but also destabilize lending portfolios, pushing banks to enhance their strategies for managing financial fallout. Moody's emphasizes that the implications for lenders are complex, influenced by factors such as storm damage, loan terms, and insurance coverage. 🔗 Read more: https://lnkd.in/ezEtFtEE #ClimateRisk #CommercialRealEstate #FinancialStability #HurricaneImpact #LendingSolutions #MoodyReport #DisasterResilience #BankingIndustry #CRE

A new fund is emerging to support affordable housing projects nationwide, aiming to keep apartment rents low while securing solid investments. With a surge of expiring government subsidies expected in 2025, particularly for projects funded under the low-income housing Tax credit starting in 1987, the need for affordable solutions is urgent. Investors and municipalities are working together to assist renters who earn too much for traditional subsidies but can't afford market-rate housing as living costs continue to rise. 🔗 Read more: https://lnkd.in/e7uYJnSg #AffordableHousing #RealEstateInvestment #HousingCrisis #LowIncomeHousing #AffordableApartments #HousingSolutions #InvestInCommunities

Despite facing significant storm and flooding risks, Florida is pushing ahead with record-breaking development. From 2019-2023, the state built 77,000 new structures in high-risk flood zones—more than any other state—according to First Street Foundation, as reported by the Wall Street Journal. But it's not just Florida. Texas added 63,000 properties, and California followed with 21,000 during the same period. 🌧️ Are these areas ready to weather future storms? 🔗 Read more: https://lnkd.in/exG9t6Em #RealEstate #FloodZones #FloridaDevelopment #HighRiskConstruction #ClimateImpact #Infrastructure

The Fed's recent interest rate cut is making construction loans more affordable, encouraging new hotel projects to move from planning to groundbreaking. With 330,000 hotel rooms currently in the planning phase—a 40% increase from last year—developers are now more optimistic about securing cheaper financing. Of these, 37% are planned for the top 25 markets, slightly higher than their current share of rooms, signaling future growth in these key regions. 🔗 Read more: https://lnkd.in/ea3xjgrq #HotelDevelopment #InterestRates #ConstructionLoans #FedRateCut #RealEstate #HospitalityIndustry #MarketGrowth