Banks saw an increase in distressed hotel and retail loans during the fourth quarter, before the burgeoning economic recovery gained traction, according to new data compiled by Trepp.
Lodging bank loans had the biggest increase in delinquencies at the end of last year, jumping to $1.64 billion from just under $500 million during the third quarter. Retail had the highest volume of delinquencies for the quarter at $2.39 billion, according to the commercial real estate data firm. About 11.6% of lodging loans were delinquent and 6.1% of retail loans.
The increase in hotel and retail delinquencies reflects the commercial real ...
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