Hotel Finance reaches a new benchmark -- The $100 billion deal | By Jim Butler

I talked about it earlier here on www.HotelLawBlog.com when it still seemed unthinkable, and that was only January of this year. See Two deals that may change the lodging world forever and Size no longer matters . . . at least in the hotel industry. Is the entire hotel industry now in play?

In these postings, I mused that the new ability of the private equity guys to raise virtually unlimited amounts of capital suggests that even a $100 billion deal is possible, and noting that the entire capitalization of the hotel industry is less than the Equity Office deal completed earlier this year.

Well today, the Wall Street Journal has a breaking story that a consortium of banks led by Royal Bank of Scotland Group PLC has made an offer to buy ABN Amro Holding for 76 billion euros (or $103 billion), outbidding Barclay's 64.9 billion euro offer.

What does this portend?

These are certainly exciting times. Hotel financing is about as readily available as it is likely to get, for big deals or small ones. That will be the entire focus at our Gateway to Hotel Finance in Los Angeles next week on May 2, 2007 at the Sheraton LAX. Whether you are a provider of capital or a consumer of capital -- a hotel lender or a hotel borrower -- if you can't hook up with the right people next week, something must be wrong. Because next Thursday is time for Meet the Money® 2007. Hope to see you there.