hotel refinance
Wall of U.S. Hotel Debt Maturities To Catalyze Transactions
JLL | May 28, 2024
With the amount of maturing debt in critical stress expected to decline over the next few years, the opportunity to invest in the dislocation is now $5.8 billion of U.S. hotel single-asset securitized loans, including CMBS and CRE CLOs are coming due for maturity in 2024. Despite the U.S. hotel industry demonstrating strong RevPAR performance, there are multiple headwinds that could impede the refinancing of these securitized loans and compel owners to transact instead. These headwinds include the lagging profitability of U.S. hotels, persistently high interest rates, and historically high costs of property insurance. As such, if the loom...
Still Stuck in the Hotel Debt Quagmire
Dexter Wood | November 17, 2022
By Dexter Wood Little has improved in the realm of lodging debt maturities and the hotel refinancing environment since we last reported in August. Perhaps it will be the passage of time that gets us closer to the other side of the current period of difficulty and insecurity. There are simply too many variables at play at the moment and a lack of confidence in the near-term future of the debt markets. As Lou Plasencia, CEO of The Plasencia Group, recently wrote, “markets hate uncertainty.” Debt markets only work when lenders can effectively and appropriately price risk, and that is very difficult to do right now. Many lodging industr...
