Cleveland-Elyria-Mentor, OH, was the metropolitan area with the highest share of distressed hotel real estate debt in the United States in April 2023. Distressed real estate loans, or the share of debt which was delinquent or in special servicing, was over 50 percent. The hotel sector was severely impacted by the travel restrictions during the coronavirus pandemic. Despite having the second-highest delinquency rates across the different types of commercial real estate, lodging saw a substantial improvement in delinquencies since March 2021, when it almost hit 16 percent.
Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro
Distressed real estate loans include commercial mortgage bank securities (CMBS) in the conduit and SASB universe that are delinquent, in special servicing, or a combination of both.
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CRED iQ. (May 3, 2023). Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
CRED iQ. "Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro." Chart. May 3, 2023. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
CRED iQ. (2023). Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
CRED iQ. "Share of Distressed (Delinquent and Specially Serviced) Hotel Real Estate Debt in The United States in April 2023, by Metro." Statista, Statista Inc., 3 May 2023, https://www.statista.com/statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
CRED iQ, Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro Statista, https://www.statista.com/statistics/1389210/share-of-distressed-hotel-real-estate-by-market/ (last visited November 19, 2024)
Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro [Graph], CRED iQ, May 3, 2023. [Online]. Available: https://www.statista.com/statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
