Crossword Genius

Respected hotel everyone was in debt to (8)

Ross

I believe the answer is:

hallowed

'respected' is the definition.
(I've seen this before)

'hotel everyone was in debt to' is the wordplay.
'hotel' becomes 'h' (phonetic alphabet: alpha, bravo, charlie etc.).
'everyone' becomes 'all' (all people).
'was in debt to' becomes 'owed' (I've seen this before).
'h'+'all'+'owed'='HALLOWED'

(Other definitions for hallowed that I've seen before include "Consecrated, holy" , "Honoured as holy like 1 Down" , "Honoured as holy, having lewd halo" , "Held holy" , "Respected" .)

I've seen this clue in The Times.
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