ATLANTA, GA, May 31, 2012—Officials at Access Point Financial, Inc., (APF) a full-service direct lender and advisory company focused on the hospitality industry, today announced that the company’s loan pipeline has expanded to nearly $500 million since the company was announced less than a year ago. The company remains on track to place $1 billion in hotel loans by year-end 2014.
“Qualified loan demand and brand support has kept pace with our initial expectations,” said Jon S. Wright (top right photo), president and CEO of Access Point.
“Although we are seeing an increase in development project applications, the sheer quantity of CapEx requirements dwarfs development opportunities and will continue to do so for at least the next several years.
“ Based on our research and in conversations with brands and hotel owners, we estimate that there is a major pent up CapEx demand in the multi-billion dollar range on a rolling 12-month basis for the next several years for brand conversions or to retain the current license.
“Although we are viewed as a leader in CapEx financing, we maintain ties with our brand partners for select and proprietary new-build projects."
For additional information, please contact 404-382-9599 or visit the company’s website at http://www.accesspointfinancial.com/.
For a complete copy of the company’s news release, please contact:
Daly Gray Public Relations
Jerry Daly, Chris Daly
(703) 435-6293
jerry@dalygray.com
chris@dalygray.com
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