JD Supra

Spotlight on Hotel Comfort Letters

What is a Hotel Comfort Letter? A hotel comfort letter is a document issued by a hotel franchisor to a lender when a hotel owner (the borrower) seeks financing. It provides the lender with assurances ...
Investopedia

What Is a Comfort Letter? Definition, How It's Used, and Legality

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
JD Supra

Virginia DEQ Suspends Issuance of Bona Fide Prospective Purchaser, Lender Liability and other Brownfield Program Comfort Letters

The Virginia Department of Environmental Quality (VDEQ) has just given notice on its website that, effective immediately, it has stopped issuing so-called “comfort letters” as part of its brownfield ...
Berkshire Eagle

'Comfort letters' assured Pittsfield landowners they would not be on the hook for future PCB cleanups. Will downriver neighbors get a similar break?

LEE — When polychlorinated biphenyls were found on residential properties throughout Pittsfield in the 1990s, the Environmental Protection Agency provided letters assuring city landowners that they ...
Reuters

Italy issues 'comfort letter' to avert Lukoil refinery's shutdown

ISAB accounts for 20% of Italy's refining capacity Government letter aims to unlock credit for the plant ISAB discussed state-backed financing with banks, authorities ROME, Oct 28 (Reuters) - Italian ...