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Debt Crunch Slams Hotel Projects

Posted on October 7th, 2008 1:16pm by Glenn Hunter
Filed under Business, Local News

Famed Dallas hotelier Atef Mankarios is thanking his lucky stars for Mexico, Panama and Indonesia. While the businessman’s Trevi Luxury Hospitality Group has upscale hotel developments under way in each of those countries, four of his company’s projects in the United States are “on hold” because lending has basically dried up. “We have the equity, but we can’t get the debt,” Mankarios laments. “But, what are you gonna do?”

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4 Comments to “Debt Crunch Slams Hotel Projects”
  • Trey Garrison @ October 7th, 2008 at 1:51 pm

    “But, what are you gonna do?”

    Why, get the City of Dallas to pay, of course. It’s only money.

  • Bethany @ October 7th, 2008 at 1:56 pm

    I think Dallas should build a hotel in Mexico.

  • MIssing Dots @ October 7th, 2008 at 2:39 pm

    I have plenty of debt if he wants it. Who do I call to make this transfer happen?

  • Jeff Duffey @ October 7th, 2008 at 5:37 pm

    Our country needs another hotel because…