Posted by: union03g | December 9, 2009

Fire Shifts From Residential To Hotels

Going forward we are going to see the concentration of negative news shift from housing to hotels and commercial space. Zillow just reported a stabilization in residential housing prices and more headlines are focusing on the next crisis. I think a lot of hotels will pull through the recession but all the loan modifications will hit banks hard once again. Here is recent example. The beloved Burnham Hotel next to Block 37 purposely defaulted on payments so they can modify their loan terms. Zell also thinks this commercial restructuring will take a long, long time

https://i2.wp.com/image.pegs.com/content/H/H0D/H0DF/H0DFA/R71231_Ext1_j.jpg

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: