The hotel sector is seeing interest from lenders wane as average daily room rates fall, RevPAR levels drop, and more rooms come on line, according to Jerry Swartz, founding a partner at New York-based HKS Capital Partners. Swartz, who works with hospitality players nationally to arrange financing, also cited a recent report from Trepp, LLC that tracked a 15-basis point uptick in hotel loan delinquencies. While small, the increase is part of a bigger story that’s giving investors pause. “All of these factors are what lenders are reflecting on when they’re looking at hospitality situations,” Swartz said.

Source: REFI Radio: Hotels seeing slower lending market | Real Estate Finance & Investment | US commercial property news, analysis and data