THG successfully resolved a complex situation for the Homewood Suites Hotel in an Indianapolis submarket, securing a four-year loan extension to ensure stability and preserve long-term value. Facing income pressures from increased competition and inflation, the property will benefit from renewed capital improvements, interest-only debt service, and a multi-year renovation plan for guest rooms and common areas. By maintaining its brand flag and leveraging the franchise’s strong reservation and loyalty programs, the hotel is positioned to rebuild cash flow, outperform competitors, and protect exit value a strong outcome for both borrower and lender.

According to Trepp, Inc., more than $23B in CMBS loans have missed maturity and remain unresolved, up from near zero in 2019. These stalled loans now make up 75% of all CMBS delinquencies.



But here is an interesting fact, most borrowers are still paying interest. This is a broader signal of dysfunction in the system.

We will be attending the Lodging Conference in Phoenix, AZ

October 6-9, 2025

lodgingconference.com

Thomas E. Arthur

David's father emigrated from Belfast, Northern Ireland, to the United States in the spring of 1967. He was 29 years old, carrying just $600 and an unwavering dream of building a better life for his family. Not long after, his mother, just 25 at the time, bravely followed with three children in tow, all under the age of three.

That leap of faith laid the foundation for everything that came after. His father went on to build a thriving structural engineering firm, which he eventually sold in the late 1990s. But his influence didn’t end there. He was David's mentor, his greatest role model, and the reason David chose a career in commercial real estate.

A brilliant engineer and true entrepreneur at heart, his dad had a passion for real estate investment and development. David had the opportunity to work with his dad on a range of projects (multifamily, office buildings, even parking facilities). Those years of collaboration were more than just professional milestones; they were also personal.

Looking back, David is incredibly grateful, not just for the opportunities they shared but for the values he instilled - hard work, vision, and the importance of taking risks for the people you love. His legacy lives on in everything David does.