Hotel owners and operators looking to pick up distressed assets have had to wait longer than previously expected, but industry experts believe those opportunities will arise later this year.
During the “Dissecting Distressed Hotels” panel at the online Americas Lodging Hotel Investment Summit Winter Update, hotel executives said owners of troubled properties have been able to work out deals with their lenders to hold onto their properties. While those deals won’t last forever, the general consensus is neither owners nor lenders are in a hurry to make any moves.
