While banks are more stringent with lending for hotel construction projects, this doesn’t signal a complete halt in development. Private and alternative lending sources, entering secondary and tertiary markets, and eyeing modular off-site building are paving the way for continued hotel development where speed-to-market without sacrificing quality and a quicker ROI are the worthwhile rewards.

The rehabilitation and wellness service company leased nearly 7,000 square feet of office space in Frisco, Texas. The firm is set to move its corporate headquarters from Plano.

Hall Structured Finance closed a new first-lien construction loan totaling $17.3 million to finance the development of a 127-room Residence Inn by Marriott in Mesa, Ariz. Suky and Jas Khangura, co-owners of Khangura Hotels, are the project developers.

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Dallas-based Hall Structured Finance (HSF) has closed a new, $26-million, first-lien loan to finance the construction of the Park James Hotel in Menlo Park, CA.