The TreppWire Podcast: A Commercial Real Estate Show cover image

200. Cutting Through the Haze; Looming Hotel Default Renews Lodging Concerns; More Office Subleases

The TreppWire Podcast: A Commercial Real Estate Show

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The Hotel Story That Could Move the Netherhead in Delinquency Rates This Summer

A big trading alert this week on a hotel story that could really move the needle in terms of delinquency rates. Park Hotels announced that it would stop paying debt service on its $700 million San Francisco hotel portfolio loan. It will have 80 basis points of upside pressure on the delinquency rate as a function of them throwing in the towel on this portfolio.

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