Perspectives on market scenarios, positioning, interpretations and reflections on the hotel investment market
Iccrea’s potential sale of an NPL portfolio worth up to €500 million is not just a banking story. It is directly relevant to the hotel industry. Because it touc…
In hospitality, capital is usually destroyed in one of two ways: by paying too much, or by understanding too little. The second mistake is more common, and usua…
The proposed Delfin deal brings a familiar issue into sharp focus. When debt is used to buy control rather than growth, risk does not disappear. It simply moves…
In distressed credit, size is no longer enough. The winners will be those who can combine licensing, evidentiary robustness, process discipline, and institution…
Siena NPL 2018 srl: who is really behind the MPS bad-loan vehicle? At first glance, Siena NPL 2018 S.r.l. looks like the sort of company that invites suspicion.…
Some transactions look convincing only until you read them properly. Some assets seem attractive only because they are being viewed too superficially. And some …