Examining the Use of SNDAs in the Hotel Industry
Todd Soloway and Bryan Mohler examine the Subordination, Non-Disturbance and Attornment Agreement (or SNDA)—typically used by hotel lenders, owners and managers to set forth their respective rights upon a foreclosure, and consider disputes that may arise when a party seeks to enforce its SNDA rights.
July 05, 2022 at 03:09 PM
7 minute read
With inflation reaching levels not seen in 40 years and interest rates on the rise, combined with reports that delinquency rates for lodging properties remain well above pre-pandemic levels, there is a persistent risk that a significant number of hotel properties will enter foreclosure in the next 12 months—especially in the face of continuing economic headwinds and the looming threat of a recession.
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