The CMBS market is “business as usual” despite headwinds from many directions. First, the Russian invasion of Ukraine on February 24 sent a chill though the capital markets, including CMBS. Then, with supply chain issues occurring throughout much of the world, inflation has surged in 2022 to date. … [Read more...] about 6.1.22: CMBS MARKET FORGES AHEAD DESPITE MARKET HEADWINDS
2.28.22: RUSSIA INVASION AFFECTING CMBS MARKET
Spreads on CMBS securities have widened after Russia invaded Ukraine on February 24. Market participants are hopeful the widening is temporary, but a prolonged war and associated economic impact could extend the recovery period for spreads. Prior to the war, spreads were already leaking wider on the … [Read more...] about 2.28.22: RUSSIA INVASION AFFECTING CMBS MARKET
1.17.22: Q4 2021 U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its fourth-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, vaccines and booster shots paved the way for a brief return to some semblance of normalcy; however, as we enter 2022 the nearly two-year global health crisis is … [Read more...] about 1.17.22: Q4 2021 U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its third-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, the U.S. lodging industry has shifted dramatically over the past 12 months. Looking back to this time last year, the world was fiercely battling the Coronavirus, … [Read more...] about 7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
The COVID-19 pandemic has affected hotels more than other asset classes eligible for CMBS conduit loans. In January 2021, the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to yearend 2020 data from STR. In addition, year-over-year declines … [Read more...] about 3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
10.23.20: HOTEL MARKET OBSERVATIONS FROM LW HOSPITALITY ADVISORS
According a recent report from LW Hospitality Advisors, the situation with today’s global travel sector, which many characterize as being “on the brink of collapse,” is simply unprecedented. Seven months into a worldwide pandemic that shows no sign of abating anytime soon caused a swift, wide, and … [Read more...] about 10.23.20: HOTEL MARKET OBSERVATIONS FROM LW HOSPITALITY ADVISORS
12.15.19: CMBS MARKET REMAINS STRONG INTO YEAREND
Benchmark spreads on CMBS conduit securities tightened this past week despite a wave of new issues hitting the market before yearend. Bond buyers usually have reduced funds at this time of year as they typically have invested their annual allocations and often sit on the sidelines until the new … [Read more...] about 12.15.19: CMBS MARKET REMAINS STRONG INTO YEAREND
12.5.19: CARLSBAD, NM HOTEL MARKET POWERED BY THE DELAWARE BASIN
Carlsbad, New Mexico is located 150 miles northeast of El Paso, Texas, in the southeastern section of New Mexico. It is well known as the gateway to the vast, bat-filled caves of Carlsbad Caverns National Park. But what’s really happening in Carlsbad involves oil and gas exploration and … [Read more...] about 12.5.19: CARLSBAD, NM HOTEL MARKET POWERED BY THE DELAWARE BASIN
11.2.19: U.S. LODGING MARKET UPDATE
LW Hotel Advisors (LWHA) recently released its third-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, the near‐term lodging outlook appears choppy as prognosticators have downgraded projected 2020 national hotel revenue per available room (RevPAR) growth. While the … [Read more...] about 11.2.19: U.S. LODGING MARKET UPDATE
7.5.19: Commercial Real Estate Market in Albuquerque, NM Is Strong
The commercial real estate market in Albuquerque, New Mexico continues to show strength, according to CBRE. Office space occupancy declined for the third consecutive year in 2018 and Class A vacant space is the lowest in market history. Demand arises from a net increase of 10,000 jobs in the … [Read more...] about 7.5.19: Commercial Real Estate Market in Albuquerque, NM Is Strong