Owner Bails on 19 Hotels as Regional Bank Worries Resurface

Real Estate Investment Trust Ashford Inc has announced that they will 'likely' return a pool of 19 hotels to their lender (aka stop making payments) in another sign that the bursting of the Commercial Real Estate bubble has begun. This along with rising interest rates are stoking fears of a continued regional bank crisis in the US heading into earnings season which begins later this week.

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