Lenders Book Hotel Loans Again, Forbearance Totals Fall Fast, Howard Hughes Takes Profit

Lenders Book Hotel Loans Again: The pace of the U.S. hotel industry recovery from the COVID-19 pandemic is providing a surge of capital for hotel owners. The numbers are reflected in commercial mortgage-backed securities data. In the first quarter, there were no single-asset, single-borrower hotel deals, and the total amount of multiborrower offerings backing hotel loans was just $380.7 million. But so far in the fourth quarter, there has been $6.2 billion in hotel loans backing CMBS offerings. In addition, at least three single-borrower lodging-backed deals are in the works coming from JPMorgan Chase, Credit Suisse and Deutsche Bank.