South American hotel investors outline requirements

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Rogerio Basso, practice head for Latin America, real estate and hospitality for Ernst & Young, noted shifts in what lenders are looking at when manner in mind deals:

1. Transparency: Basso said investors want to know exactly what they are buying and are being more diligent in digging up historical market data.

2. Exit strategy: shareholders are normally holding onto their investments for a longer time frame, three to 10 years, earlier than exiting. “There is a constituent that is more tentative, but there is some opportunism,” he said. The panelists’ comments were all translated from Spanish to English.

Francisco Andragnes (left), head of business for Latam Prudential Real Estate Investors, and Javier Faus, chairman and CEO, Meridia Capital, argued the uneven lending scenery during SAHIC.

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