While there is still a lot of pain in the hospitality sector, October marked the fourth straight month that the overall lodging delinquency rate has fallen, according to Trepp.
How is that happening, given the pain the sector is in?
Simply put, lenders are granting forbearances to borrowers. During the pandemic, more than 64% of all forbearances that have been given in the CMBS market are on hotel loans, totaling more than $8.5 billion, according to Trepp
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
