White knight

摘要

This could be another power-play year for London-based Patron Capital in terms of its hotel platforms. Market conditions are ideal for this private equity firm with an appetite and aptitude for transforming distressed assets into star performers. "Banks in many countries have a lot of hotel product within their control," says Josh Wyatt, Patron's director of hospitality and leisure. "Rather than sell it outright for a significant discount, they have a fiduciary responsibility to maximize value.