CHLA Lodging News Sept/Oct 2019

2 Message from the President 5 Hotelier Profile: Rohit Ranchhod 7 California Hotel Development Continues Record Pace 11 Expand Your Hotel Financing Options with the SBA 504 Loan Program 14 Mortgage Brokers: A Partner in Your New Development Success 17 C-PACE, an Innovative Financing Mechanism for Hotel Construction and Retrofit 20 Upcoming Events 23 CHLA Marketplace 36 The CHLA Partners OUR MISSION CHLA is the indispensable resource for communicating and protecting the rights and interests of the California lodging industry, for providing educational training and cost-saving programs for all segments of the industry, and for supporting strategic alliances to promote the value of California tourism and travel. 14 7 LODGING  NEWS TABLE OF CONTENTS ON THE COVER Rendering of the Godfrey Hotel Hollywood in Los Angeles.