Tighter lending standards deal blow to U.S. hotel developers


LONDON, June 8 (Xinhua) -- Hotel developers in the United States have found it harder to get funding as regional banks have tightened their lending standards on the heels of the bank crisis, Reuters has reported.

The financial stress on regional banks, which are the largest lenders to hotels and other commercial real estate markets, "has forced developers to postpone projects or find other creative ways to raise capital," the news agency said on Monday.

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