Despite a virtual standstill in hotel construction since the early 1990s, Bankers Trust New York Corp.'s securities unit has quietly built a huge business raising capital for hotel companies.

With major construction projects inching forward in several markets, the bank has more than $7 billion of hotel acquisition and refinancing deals under its belt - and it helped set the stage for the sector's rebound.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.