The way hotel loans are performing in California is in transition, shaped by uneven operating recovery, rising debt costs and a growing bifurcation between stabilized properties and those still navigating long-term, built-in challenges.
CMBS loan pressure mounts for California hotels, but distress remains uneven
Urban full-service hotels face refinancing risk as suburban properties stabilize
CoStar Analytics
January 16, 2026 | 10:26 P.M.
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