Early on in the pandemic, it was clear that hotel properties were going to struggle—and that is putting it lightly. With travel regulations, social distancing recommendations and general public fear, hotel demand plummeted. Experts were quick to expect a wave of hotel delinquencies and defaults, and some investors even raised capital with that anticipation. However, more than a year later, those predictions have yet to transform into a reality. 

So, what happened? In this special podcast episode, we asked Liberty SBF CEO Alex Cohen to give an inside look at the sector, including the capital market response during the pandemic and how lenders are looking at deals today. 

Hit play to hear Cohen discuss the inner workings of hotel financing, including insight into the types of deals securing capital, who is lending and how the deal terms have changed.