Hotel Mortgage Delinquencies Reached Record Levels in July
Skift Take
Bad hotel loans in the United States in July reached record levels, 23.4 percent, but it could get worse if the coronavirus pandemic and its laissez faire enablers persist.
If you needed any reassurance about the wisdom of hotel chains' asset-light strategies to dodge unnecessary risk, then just consider the record level of bad hotel loans in the United States in July.
The percentage of commercial mortgage-backed securities loans to U.S. hotel property owners that were 30 or more days past due
