Troubled Hotel Properties On Shaky Ground As Debt Matures

Summary

Law360 (May 24, 2023, 7:30 PM EDT) -- Distressed hotel properties that were already in a weak financial position before the COVID-19 pandemic hit now face bankruptcies, foreclosures and out-of-court restructurings as their loans come due in a tough debt market, according to hospitality and real estate lawyers who say they're fielding an onslaught of calls for help from worried clients.