Distressed real estate loans include commercial mortgage bank securities (CMBS) in the conduit and SASB universe that are delinquent, in special servicing, or a combination of both.
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Metros with the highest share of distressed hotel real estate debt in the U.S 2023
Cleveland-Elyria-Mentor, OH, was the metropolitan area with the highest share of distressed hotel real estate debt in the United States in April 2023. Distressed real estate loans, or the share of debt which was delinquent or in special servicing, was over ** percent. The hotel sector was severely impacted by the travel restrictions during the coronavirus pandemic. Despite having the second-highest delinquency rates across the different types of commercial real estate, lodging saw a substantial improvement in delinquencies since March 2021, when it almost hit ** percent.
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CRED iQ. (May 3, 2023). Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
CRED iQ. "Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro." Chart. May 3, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
CRED iQ. (2023). Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
CRED iQ. "Share of Distressed (Delinquent and Specially Serviced) Hotel Real Estate Debt in The United States in April 2023, by Metro." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 May 2023, /statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
CRED iQ, Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro ÌÇÐÄÆƽâ°æ, /statistics/1389210/share-of-distressed-hotel-real-estate-by-market/ (last visited August 01, 2026)
Share of distressed (delinquent and specially serviced) hotel real estate debt in the United States in April 2023, by metro [Graph], CRED iQ, May 3, 2023. [Online]. Available: /statistics/1389210/share-of-distressed-hotel-real-estate-by-market/
