$48B in Hotel Loan Maturities Is About to Sort Owners Into Winners and Casualties
The extend-and-pretend era is ending. Owners who borrowed at 3.5% in 2021 are about to refinance at 7%, and the math on that gap is brutal.
The extend-and-pretend era is ending. Owners who borrowed at 3.5% in 2021 are about to refinance at 7%, and the math on that gap is brutal.
A historic San Francisco hotel reopens after a loan default, ownership change, and major renovation. The per-key math tells a story the "discreet luxury" branding doesn't.