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So, far pandemic-retail income problems haven’t led to distressed sales in many commercial sectors.

Hotels have been the one exception to that trend, though. Eight percent of hotel sales involved a distressed asset between March of 2020 and February of 2021, according to Real Capital Analytics. This percentage takes on greater significance as there were very few hotel transactions in that timeframe, with only $10.6 billion traded, RCA says. By comparison, $36.6 billion traded in the prior 12-month period.

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