cmbs loans
America’s Hotel Owners Optimistic About HOPE Act
AAHOA | August 3, 2020
WASHINGTON, D.C., August 3, 2020 – AAHOA President & CEO Cecil P. Staton issued the following statement in response to the introduction of the Helping Open Properties Endeavor (HOPE) Act of 2020, a bill to provide relief to small businesses, like hotels, who hold commercial mortgage-backed security (CMBS) loans. The legislation would require the Department of Treasury to establish a facility to guarantee certain preferred equity investments in CMBS borrowers impacted by COVID-19: “Many of AAHOA’s members, the small business owners who run local hotels, use CMBS loans. This crisis hit them hard, and there is no other relief for th...
Fitch: Hotel Oversupply Raising US CMBS Loan Concern
Fitch Ratings | January 30, 2018
Early warning signs of declining hotel performance have emerged, says Fitch Ratings. Fitch has seen an increase in the volume of hotel loans transferring to special servicing and performance metrics in seven of the top US metropolitan markets are under pressure by oversupply. However, we expect revenues across the broader US market to grow through the end of 2018, albeit slowly, and the impact on CMBS to be limited this year. Fitch began to observe signs that the US hotel market was peaking in 2014. In the second half of that year, we began to cap revenue per available room (RevPAR) in our ratings analysis to address cash flow sustainab...
