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Driftwood Capital: Hotel Credit Demonstrates Market Resilience
financeLodging Magazine··1 min·For: Owner, Investor, Revenue

Driftwood Capital: Hotel Credit Demonstrates Market Resilience

Driftwood Capital's latest report highlights that hotel real estate credit outperforms corporate direct lending and office CRE, supported by low supply growth and brand workout incentives.

Key Takeaways

  1. 176% of maturing lodging CMBS loans were repaid on time from 2020 to 2025, beating office and mixed-use segments.
  2. 2Lodging delinquency sits at 6.5%, well below office CRE delinquency rates of 11.7%.
  3. 3Top-50 market supply growth has slowed significantly to 1.0-1.3%, restricting new competition.

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Source: Lodging Magazine

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