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
4.27.20: – UPDATE: VALUEXPRESS ADDS CAPACITY FOR CMBS LOAN PAYMENT DEFERRAL ASSIGNMENTS AS APPROVALS ROLL IN
ValueXpress is receiving loan payment relief approvals for its CMBS conduit loan clients from Master and Special Servicers. Special Servicers are approving relief for qualifying clients as “performing loan consents.” These consents allow the Master Servicer to apply reserves to upcoming loan … [Read more...] about 4.27.20: – UPDATE: VALUEXPRESS ADDS CAPACITY FOR CMBS LOAN PAYMENT DEFERRAL ASSIGNMENTS AS APPROVALS ROLL IN
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
9.13.19: Country Inn & Suites Gen 4 Transition Update
Much of the excitement for owners and developers around Country Inn & Suites is tied to renovating properties and transitioning to the Generation 4 design. Since the Gen 4 prototype was launched a few years ago, 140 Country Inn & Suites hotels have completed renovations to comply with the … [Read more...] about 9.13.19: Country Inn & Suites Gen 4 Transition Update
7.1.19: How to Pre-Qualify a Hotel for a CMBS Conduit Loan: An Update
In November, we explained how to pre-qualify a hotel for a CMBS conduit loan. We have received many positive comments on how useful our process is. Now? We are adding an additional test to the process. The test involves a limit to the maximum loan amount for certain franchises. Step 1: Is the … [Read more...] about 7.1.19: How to Pre-Qualify a Hotel for a CMBS Conduit Loan: An Update
2.2.18: IMPORTANT UPDATE: Fixed-Cost Program Available for CMBS Conduit Loans
Unrestricted cash-out and no personal guarantees are compelling features of CMBS conduit loans. To make CMBS conduit loans even more attractive, a “fixed cost” option is now available for loans between $2 million and $10 million. Furthermore, loan structure has been eased, creating a more … [Read more...] about 2.2.18: IMPORTANT UPDATE: Fixed-Cost Program Available for CMBS Conduit Loans
3.18.15: CMBS Market Update – Prices Steady
The benchmark bonds in a $1.3-billion conduit offering led by Deutsche Bank and Cantor Fitzgerald priced at 86 basis points (bp) over swaps on Wednesday, March 18, matching the second-tightest level so far this year. The spread on long-term, super-senior bonds has pretty much hovered between 86 bp … [Read more...] about 3.18.15: CMBS Market Update – Prices Steady
9.21.14: Update on Apartment Vacancy Rates
Reis reported that the apartment vacancy rate of 4.1% was unchanged in the second quarter of 2014. In the second quarter of 2013 (a year ago) the vacancy rate was 4.3%. And the rate peaked at 8.0% at the end of 2009. Vacancy was unchanged during the second quarter at 4.1%, a slight worsening from … [Read more...] about 9.21.14: Update on Apartment Vacancy Rates
9.5.14: CMBS Market Update and August Review
CMBS spreads are slowing declining after widening dramatically in August; however, the market did not see a new multi-borrower conduit deal price after mid-August, so dealers noted that the spread improvement was based on secondary market trades. The last new multi-borrower CMBS deal to price was … [Read more...] about 9.5.14: CMBS Market Update and August Review