Hotel values sink as landlords, lenders and downtowns brace for latest Covid strain

Of 2,500 distressed hotel properties analyzed by The Business Journals, one in five had been reappraised since Covid-19’s arrival in the United States in early 2020. Through November, some $3.5 billion in appraised property value had been wiped off the books at those hotels due to losses and impeded operations from the pandemic.

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