1 in 4 hotels can’t pay their mortgages… However US Housing demand explodes, demand is 25% above pre-pandemic levels (unlike anything ever seen before)
New York (CNN Business)In a desperate plea for help, the hotel industry said it faces a default disaster, in which 25% of hotels are at risk of foreclosure. The report, sent to Congress this week and compiled by Trepp, shows that the percentage of hotel loans 30 or more days delinquent is 23.4% as of … Read more