$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.
Topic
Special Servicing
2 stories
·
First covered Mar 3, 2026
·
Latest Mar 16
Special Servicing Coverage
Starwood Capital's Hotel Loans Are Flashing Red. Here's What That Means for You.
When a $10 billion fund manager starts showing cracks in their hotel debt portfolio, it's not just a Wall Street problem. It's a signal that the math is getting ugly for overleveraged properties everywhere... and some of you are sitting in them right now.