The average delinquency rate for commercial mortgage-backed security, or CMBS, hotel loans for the first nine months through September stood at 5.8%. So far, in 2024, the lowest delinquency rate was observed in January at 5.65% and the highest in May at 6.47%.
Hotel debt delinquency rates remain at low levels
Lower interest rate environment is expected to lead to more loan refinancing
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