Planned Gulf Coast hotels could be in jeopardy

Coronavirus impacting lender underwriting for new lodging properties

  • By Kevin McQuaid
  • | 6:00 a.m. May 8, 2020
COURTESY PHOTO -- Kent Schwarz of Colliers International believes new hotels planned for the Gulf Coast could be delayed because of the coronavirus.
COURTESY PHOTO -- Kent Schwarz of Colliers International believes new hotels planned for the Gulf Coast could be delayed because of the coronavirus.
  • Commercial Real Estate
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Despite the tremendous growth in the lodging sector along the Gulf Coast over the past eight years, dozens more hotels have been planned to meet heightened tourist visits, group meeting and business travel.

 

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