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An Analysis of Future Delinquency for Hotel CMBS Loans

dc.contributor.authorCorgel, John B.
dc.contributor.authorWalls, Aaron
dc.date.accessioned2020-09-12T21:04:11Z
dc.date.available2020-09-12T21:04:11Z
dc.date.issued2010-11-01
dc.description.abstractThe hotel industry seems to be recovering from its recent abyss, but the financial damage to many properties from many months of decline will continue for some time. In particular, the hotel industry faces the prospect of heavily leveraged properties submerged by delinquencies and defaults. An analysis of debt coverage ratios for 365 hotel properties with commercial mortgage-backed security loans shows considerable deterioration from 2008 to a nadir in 2010. Starting in 2011, net operating income and debt coverage ratios should gradually improve, with noticeable improvement in 2012.
dc.description.legacydownloadsCorgel7_Analysis_future_delinquency.pdf: 406 downloads, before Aug. 1, 2020.
dc.identifier.other6375824
dc.identifier.urihttps://hdl.handle.net/1813/71680
dc.language.isoen_US
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectCMBS
dc.subjectdebt
dc.subjectdelinquency
dc.subjectloan portfolios
dc.subjectdebt coverage
dc.titleAn Analysis of Future Delinquency for Hotel CMBS Loans
dc.typearticle
local.authorAffiliationCorgel, John B.: jc81@cornell.edu Cornell University
local.authorAffiliationWalls, Aaron: Colliers PKF Hospitality Research

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