Hotels’ occupancy rates have been rising, but their loan troubles are through the roof. Hotel delinquencies among commercial mortgage-backed security (CMBS) loans rated by Kroll Bond Ratings Agency reached 21.6 percent last month, up from 13.6 percent in May. That was the highest among all property types, with delinquencies on loans secured by retail and mixed-use properties at 12.8 percent and 9.4 percent, respectively. Even though hotel loan delinquencies spiked last month, there’s some evidence
source https://therealdeal.com/2020/07/06/trd-insights-hotel-cmbs-delinquencies-jumped-in-june/
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