Seaview Investors defaulted on $45 million tied to a Residence Inn by LAX after 2024 net cash flow came in 38% below underwriting. The owner's decision to walk away tells you more about the LA market than any occupancy report will.
A small-cap lodging REIT hitting a 52-week high isn't usually headline material. But Chatham's recent moves tell a story about what's quietly working in hotel investment right now... and why the operators running these buildings should be paying very close attention to what comes next.
Someone wants to drop a 100-room extended stay hotel in the gap between Ann Arbor and Ypsilanti, a corridor already absorbing new supply from a fresh Autograph Collection property. The question isn't whether the demand exists... it's whether the existing operators are ready for what happens to their midweek base.
South Africa's extended-stay hotel market is projected to nearly double to $1.68 billion by 2034, and the government just handed operators a digital nomad visa on a silver platter. Most hotels are still running the same short-stay playbook that leaves that money on the table for Airbnb to pick up.
When a $6 billion investment firm buys 100+ extended-stay hotels in under two years, they're not making a hospitality play. They're making a housing play. And that changes the math for every operator in the segment.
