The hotel business has been devastated by the COVID-19 pandemic. Occupancy rates have plummeted, leaving owners and managers scrambling to work out how they will pay their debt-related obligations.
To date, about $350 billion of debt has been taken out by the industry, held by regional banks, CMBS master/special servicers, and real estate debt funds. These various lenders each have their own particular strengths, weaknesses, and limitations that owners and managers will need to navigate in order to fulfill their debt obligations and ensure that once the pandemic passes, they will still have a hotel and their employees will still have jobs.
This one-hour online moderated session will feature a panel of hotel industry and commercial real estate experts who will examine the various lending options available to hard-pressed hotel owners and operators.
