By David Butler, President Post Script Hospitality/hotelAVE
According to a May 2022 article published by Trepp, close to 9% of all CMBS loans in the hospitality asset class were in special servicing. Although the year-over-year default rate has improved, there may be signs of trouble ahead.
An earlier Trepp article noted that $38 billion in hotel loans are scheduled to mature by the end of 2024. With tightening capital markets, ease of re-financing may be uncertain.
