Industry Update
Press Release21 February 2021

Update on Hotels in CMBS Special Servicing: What’s Next in Round Two

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Jeffer, Mangels, Butler & Marmaro LLP White

The Global Hospitality Group® just hosted a very timely webinar discussing the state of the hotel and CMBS industries. Our program featured senior representatives from Argentic, Greystone, and Situs - three of the largest CMBS special servicers with the most distressed hotel debt - as well as leading data and analytics firm Trepp, HREC's runway capital program, Manhattan Hospitality for hotel industry perspectives, and our own hospitality workouts and receivership expert to break down the current state of the distressed hotels market and CMBS special servicing.

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Two of our panelists, Jack Westergom of Manhattan Hospitality Advisors and Manus Clancy of analytics firm Trepp, presented slides packed with useful information, and we wanted to make them available to those who were not able to attend the program. Jack's update on the state of hotel industry, and Manus' state of the CMBS industry presentation are both available for download below.

State of the Hotel Industry: Jack Westergom, Manhattan Hospitality Advisors

State of the CMBS Industry: Manus Clancy, Trepp

We will continue to host programs to help you understand what is happening in the hotel industry as the economy begins to recover from the COVID-19 pandemic, in whatever shape that recovery takes. Please continue to send us your feedback and questions as you navigate the challenges and opportunities of the next several months.

About JMBM's Global Hospitality Group®

The hospitality attorneys in the Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP comprise the premier hospitality practice in a full-service law firm, and the most experienced legal and advisory team in the industry. Our team of seasoned hotel lawyers has more than $87 billion in hotel transactions experience, involving more than 3,900 properties located around the globe providing one of the most extensive virtual data bases of market terms for deals and financings. Click here to see How JMBM's Global Hospitality Group® Can Help.

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