Pooling resources could expand Bahamian hotel ownership, says HVS exec

HVS managing director Parris Jordan said Bahamian investors could expand hotel ownership by pooling resources behind projects with credible business plans and experienced teams. He said sponsors should bring about 50 percent equity, not land alone, and lenders also look for permits and approvals.

Why it matters:Clear lender expectations on equity, sponsor experience and approvals give prospective Bahamian hotel investors and local banks a practical framework for structuring domestic participation in hospitality projects. (Positive development)