Over the past few years, hotel industry participants have expected a large number of commercial mortgage-backed securities, or CMBS, to default as borrowers failed to make their debt payments. But, as owners and lenders agreed to make loan extensions, this so-called “Wall of Distress” of impaired loans did not materialize.
What to Watch in 2024: Hotel CMBS Loan Maturities Could Force Owners’ Hands
As Extensions Run Out, Borrowers Need To Get Creative
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