Given the uncertainty and dwindling cash flow throughout the hospitality industry brought on by the spread of COVID-19, this article explores its specific impact on hotel lenders. National Real Estate department head Timothy Little maps out four questions that lenders should ask when assessing a distressed asset. He also discusses the four principal tools lenders have at their disposal to address distressed hospitality assets. And should the crisis continue, and loans approach maturity, he looks at options to refinancing loans.
Read “What Lenders are Thinking as They Assess Distressed Hotels ” in its entirety.
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Partner and Chair, Real Estate Department+1.212.940.8594
New York
