Hotel lending: Banks in 'race against time'.

Delinquency rates on hotel loans held on bank balance sheets have hovered near zero, Anderson said, but that is largely because of deferrals. Special mention loans at the $33 billion-asset company increased by $81 million, primarily because of loans tied to hotel and travel. For instance, a bank that holds a loan backed by a hotel that is losing value might restructure the loan into one part that is likely to be repaid and another that poses higher risk. [Extracted from the article]

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