Bitcoin backed Hotels π¨
Right now is a pivotal moment in the hospitality and hotel world. There was a MASSIVE circle jerk going on from 2016 - 2021(yes even through COVID) where real estate bros squeezed every ounce of margin out of hotel.
They are now starring down the barrel of 48-50 Billion of CMBS loans that need to rollover in the next 12-18 months.
Everyone is focused on the office (17% rollover this year) and multi family (13% rollover this year) collapse but 30% of the hotel sector is effected by these loans.
8 Million people and approximately 131 Billion in wages work and support the hotel industry. 30% of this workforce will be impacted by the greed from the free money era. When you factor in AI it's probably higher since labor is the most expensive line item in most hotels budget.
With Bitcoin finding a bottom those who are able to refinance into a Bitcoin collateralized loan will be the behemoths in 30 years in this industry.
Would love to jam out with
@MartyBent and uncover ways for Bitcoiners to disrupt the industry I care deeply about.