Hotel
Hotel Delinquencies Skyrocket as Commercial Real Estate Feels Delayed Punch of Recession
Hotel loan delinquencies rocketed to an all-time high of 15.3% in January in the commercial mortgage-backed securities (CMBS) sector, according to the newly released Trepp Delinquency Report. ...
Sheraton Orlando Sale Sparks Hope for Uptick in Hotel Transactions
Mixed amid the recent wave of bankruptcies, defaults and foreclosures, there has been a trickle of hotel transactions sparking hope that distressed assets can and will be sold. ...
Hotel Deal Volume Forecast to Rise Up to 40% Globally in 2010
For the first time in two years, hotel transactions may finally be on the upswing. In a new report, Jones Lang LaSalle Hotels forecasts that global hotel transaction volume will increase next year by 20% to 40%. ...
Fitch: Distressed CMBS Hotel Loan Maturities to Peak by 2012
Although hotel property values have dropped as much as 50% from their peak in 2007, ratings agency Fitch forecasts that over the next 12 to 18 months there will be an increase in distressed asset sales, leading up to the largest concentration of CMBS hotel maturities in 2011 and 2012....
Famed Watergate For Sale
After sitting abandoned for two years on the bank of the Potomac River in Washington, D.C., the legendary Watergate Hotel has attracted a suitor bearing...
Chilly Winter for Hotels
The U.S. economy has been downright inhospitable to the hospitality industry. Not only have hotel sales plunged to a fraction of last year's deals, but...
Starwood Reports 65% Drop in Third-Quarter Profit
Reeling from double-digit declines in revenue per available room (RevPAR) in the U.S. and abroad, Starwood Hotel & Resorts Worldwide on Thursday reported a 65% drop in third-quarter profit. ...
Waiting for Hotel Write-Downs
Securitized lenders were heralded as a driving force in commercial real estate finance during the boom years, but in the down cycle the lenders who have...
Concord Hospitality Launches Equity Fund
One man’s crisis is another’s opportunity. And in this economic environment, those companies with spotless operating records and clean balance sheets are best able to take advantage of the situation. ...
Balance-Sheet Lenders Hold Key to Reigniting Hotel Property Sales
Securitized lenders were heralded as a driving force in commercial real estate finance during the boom years, but in the down cycle the lenders who’ve held loans on their balance sheets through thick and thin will be the catalyst for establishing a floor on hotel valuations and resuscitating a weak property sales market....
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