HotelsMag June 2022 | Page 34

INVESTMENT

THE RETURN OF

FULL FINANCING OPTIONS

SOME PAUSE BUTTONS REMAIN DUE TO THE WAR IN UKRAINE , BUT DEBT CAPITAL MARKETS ARE STRONG AND ESPECIALLY PREVALENT IN THE MEZZANINE FINANCING MARKETS .
Contributed by J . PEDRO PETIZ , AVINGTON FINANCIAL , LONDON

The Covid pandemic was an unprecedented challenge for the entire global economy . The pandemic had an immediate and drastic impact across the global hospitality industry and its financing markets .

This could have been even more severe than the 2008 financial crisis but for the immediate resolute action from government agencies , central banks and finance ministers , which permitted a pragmatic , dynamic approach to the situation by financial and non-traditional industry lenders alike .
The fear within the industry was that the pandemic would freeze debt and equity markets for extended periods , accelerate foreclosures , and impose ultra-restrictive lending guidelines for those few groups who were still prepared to lend .
Thankfully , that was not the case as there was only a brief period of shutdown