22
Sep
Over the last few days, headlines surrounded President Biden's announcement that the US will be opening its borders to fully vaccinated international travelers beginning early November. This will undoubtedly impact the global commercial real estate (CRE), commercial mortgage-backed securities (CMBS), and corporate collateralized loan obligation (CLO) markets.
Last week, Trepp wrote about the current state of the hotel market and the impact this is having on CMBS loans backed by UK hotels. The easing of travel restrictions globally will surely...