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Coronavirus

Hotel Mortgage Delinquencies Reached Record Levels in July

Dennis Schaal photo
Dennis Schaal

Photo Credit: The roughly 23 percent of hotel mortgages in default in the United States in July set a record, but it could get worse if the coronavirus pandemic and its laissez faire enablers insist on hanging around. Wikimedia / Fred Hsu

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

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