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Home Finance Residence Inn LAX Appraisal Plunges 45% to $45.5MM as 231-Key Hotel Heads Toward Note Sale
FinanceHospitalityIndustry NewsLos Angeles

Residence Inn LAX Appraisal Plunges 45% to $45.5MM as 231-Key Hotel Heads Toward Note Sale

September 21, 20263 Mins read468
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A fresh $45.5 million valuation on the 231-key Residence Inn by Marriott near Los Angeles International Airport has wiped out nearly half the hotel's worth since it was financed, driving the underwater loan toward a note sale as its special servicer presses ahead with foreclosure.

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