In the News

Mark Silverman Discusses Hotel Valuations in Crain’s Chicago Business

September 25, 2020

Mark Silverman, Chicago-based Member in Dykema’s Financial Industry Group and Co-Team Leader of the Firm’s Commercial Mortgage-Based Securities Special Servicer Group, was quoted in the Crain’s Chicago Business article, “What’s a hotel worth? Good question.”

The article described the difficulty of appraising current hotel values as six-month relief agreements with properties expire and set off a wave of distressed assets. Silverman said getting accurate appraisals will be critical, and he predicts a spike in hotel foreclosures.

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