Research

Hotel Debt Outlook

As the full economic impact of Covid-19 is yet to be realised in Africa, lending requirements for the hospitality sector is expected to become more stringent as the industry navigates the significantly reduced appetite from commercial banks and Development Finance Institutions (DFI’s)

August 24, 2020

Despite an increased lending appetite prior to Covid-19, hospitality real estate remains a challenging industry with commercial lenders looking to de-risk transactions as much as possible.

As the full economic impact of Covid-19 is yet to be realised in Africa, lending requirements for the hospitality sector is expected to become more stringent as the industry navigates the significantly reduced appetite from commercial banks and Development Finance Institutions (DFI’s). The additional risk has prompted uncompromising requirements to secure financing in the region and with a strong balance sheet and proven track record being the usual, this is now coupled with strong covenants and additional security.

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