CPI, Euro Equities, The Fed, and Real Estate (Podcast)
Bloomberg Intelligence
00:00
The Impact of Airbnb on Commercial Real Estate
Airbnb really has impacted our hotels as much. There's been an impact on the ability to drive rates on these sellout nights. I think you're going to see over the next 12 months more situations like the Margaritaville situation in Times Square. And for sure it's going to be tough to refinance it at these higher rates and the value of your underlying property is much lower than it was. You have loaned value issues.
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