RCA in the commercial property press:

Distressed assets and sales figures show hotel industry angst

Hotel News Now reports: Real Capital Analytics, which tracks commercial real-estate transactions, recently began to track distressed assets. Their distressed assets information is updated in real time, which gives this data even more credence.

As of 30 June, there were a total of 1,060 troubled hotel assets worth US$15.7 billion in the U.S.

The Extended Stay Hotels portfolio of 447 hotels makes up the largest part of this figure, according to Jessica Ruderman, senior analyst with Real Capital. ESH's parent company Lightstone has 665 hotels total in bankruptcy. Other assets included in this alarming tally are Homestead Studio Suites and Red Roof Inn.

“All of those went troubled this quarter,” Ruderman said.