As the coronavirus roils the commercial-mortgage backed security market, loans on hotel properties have been ahead of the curve when it comes to delinquencies and special servicing. Three massive CMBS hotel portfolio loans, covering 186 hotels with a total outstanding balance of about $2 billion, were among the largest to be transferred into special servicing so far this month, Commercial Observer reported citing Trepp. Single-borrower transactions backed by only hotels have been the hardest hit
source https://therealdeal.com/2020/04/16/hotel-cmbs-loans-worth-2b-fall-into-special-servicing/
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