Troubled hotel CMBS is disproportionately large

05/11/2010 | HotelNewsNow.com

Special servicers are inundated with troubled commercial mortgage-backed securities -- a situation that will get worse before it gets better, according to panelists at Jeffer Mangels Butler & Marmaro's Meet the Money conference. At 20%, hotels represent a disproportionate amount of defaulting CMBS, given hotels make up only 10% of overall CMBS, according to Kevin Donahue, senior vice president of special servicing at Midland Loan Services. "That trend is expected to continue," he said.

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