MEZZANINE LOANS , PREFERRED EQUITY WILL CONTINUE TO BE IN DEMAND AS HOTELIERS REGAIN THEIR FOOTING IN A POST-PANDEMIC WORLD .

Contributed by SCOTT MELBY , VICE PRESIDENT OF CAPITAL MARKETS , DRIFTWOOD CAPITAL , MIAMI , FLORIDA

INVESTMENT

When the pandemic shut down the travel industry , many hospitality sponsors were left with empty hotels , large payrolls and continued uncertainty . At Driftwood Capital , we , too , spent many months reforecasting budgets , assessing long-term effects and working through the many operational challenges that come with owning and managing hotels in such a scenario . But as a long-term hospitality investor with full capital stack capabilities , we also saw an

Filling the gap with rescue capital