15 Aug 2023
Bedtime for Distressed Hotel Properties
Many hotel properties have been unable to pay off their loans due to a combination of factors, including the impact of the Federal Reserve’s interest rate hikes and COVID-19 induced vacancies. These properties now face bankruptcies, foreclosures, and out-of-court restructurings. Read this article to learn more about the fate of these hotel properties.
Related Content
- Commercial Real Estate Loan Defaults and Remedies
Review this practice note discussing borrower default and lender remedies in commercial real estate financing documentation, including commonly used workout options and negotiation tips for borrowers and lenders.
- Foreclosure of Real Property
Delve into this practice note for an overview of real property foreclosures, a process used to extinguish inferior liens and sell the mortgaged premises, applying the sale proceeds towards the mortgage debt.
- Workouts of Commercial Real Estate Loans
Learn about the workout process for commercial real estate mortgages where lenders and borrowers can negotiate a resolution to defaulted or otherwise distressed commercial real estate mortgages.
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