NYC Hotel Loans Defaulting At Alarming Rate As Room-Rates Plunge, Tourism Tumbles
Feb 25th 2020 7:15pm EST
NYC Hotel Loans Defaulting At Alarming Rate As Room-Rates Plunge, Tourism Tumbles More and more New York City hotels are defaulting on their mortgages, signaling an alarming trend in the industry as “challenging market fundamentals” and new supply act as headwinds for the industry. This has resulted in room rates declining and sites like Airbnb […]
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