Maturing Debt Triggers Wave of Distressed Hotel Sales Across California
Hotel sales are surging in California, but not for reasons that signal a healthy market. A sharp year‑over‑year jump in deal volume masks a more sobering trend: An unusually large share of those trades involve distressed sellers unloading properties ahead of looming debt maturities, costly upgrades and an unattractive refinancing environment. Brokerage data shows that…