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Since the beginning of March, the hotel industry has lost more than $40 billion in room revenue. Hotels continue to lose $400 million every day, according to STR and Tourism Economics. The historic loss of income caused by the coronavirus pandemic is rendering hotel owners unable to pay their property mortgages. While many have worked read more
The post 278 | CMBS Distress: Thousands of hotel owners seek relief from billions of dollars in debt first appeared on Long Live Lodging.