Thomas J. Baltimore, Jr., Chairman and CEO of Park Hotels & Resorts, announced Monday that it was going to stop payments on a $725 million commercial mortgage-backed securities (CMBS) loan that is secured by the Hilton Union Square and the Parc 55.
Just FYI, there are quite a few trillions invested in CMBS.
https://www.statista.com/statistics/942195/volume-cmbs-originations-usa/
ScottW
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