IB ---> Hotel/Real Estate Development
Has anyone ever heard of this path? I know it's not typical but I'm currently in banking and hotel development has always been a huge interest of mine.
Anyone have any suggestions for how I could move about or know any strong firms to start?
If anyone has followed this path, would you let me know so I can PM you? Any help appreciated.
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Don't know, I assume opportunities come from relationships , but I would LOVE to hear a public discussion here on the hotel development industry as I, like you, find it to be fascinating.
Getting any loans for developments(whether residential or CRE) is very tough in this climate. You're going to need high liquidity, long standing relationship with the bank, and a very healthy balance sheet. Not very many banks lending for this sort of thing right now. Long term, I think it just takes learning the industry and building relationships.
Multi-family development is an area I'd be interested in hearing more about.
I'd love to hear more about this topic as well.
Particularly if it's possible to go from the Housing/Infrastructure/Stadium/Transportation/Hotel/Convention Centers/Project Financing of a BB PubFin firm to Hotel/Real Estate development.
BTW, I'm on the lending/credit side.
BUMP. I'm really interested in this as well. What are some good firms to target to get started in on hotel development. Anyone know of anyone moving from consulting into this space?
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