Hotel

The REIT had held discussions with Bank of America, among others, about a potential high-yield bond offering.

Challenges for the CMBS sector continue to come into focus, although Fed moves have helped bring some liquidity back to the market.

Texas hotelier Monty Bennett, whose companies own 130 properties across the country, said Saturday that he will return the loans provided under the Small Business Administration’s Paycheck Protection Program.

The firm filed a lawsuit in Delaware Chancery Court seeing an order “compelling defendants to perform their obligations.”

More hotels are likely to close as occupancies fall below 20 percent in most of the country’s largest markets.

The recovery hotel experts had hoped to see in June now seems more likely to potentially arrive in July or August.

Industry pros are continuing to unpack what's in the massive $2 trillion stimulus package, but already some items stand out that should provide relief to the CRE sector.