Advanced search
Publication Cover
Journal of Real Estate Research Volume 36, 2014 - Issue 2
Submit an article Journal homepage
8
Views
3
CrossRef citations to date
0
Altmetric
Research-Article

The Dynamics of Credit Spreads in Hotel Mortgages and Signaling Implications

Jan deRoosCornell University, Ithaca, NY14853
,
Crocker LiuCornell University, Ithaca, NY14853
,
Daniel QuanCornell University, Ithaca, NY14853
&
Andrey UkhovCornell University, Ithaca, NY14853
Pages 137-168 | Published online: 17 Jun 2020

  • Chiang, K.C.H. On the Comovement of REIT Prices. Journal of Real Estate Research, 2010, 32, 187-200. On the Comovement of REIT Prices Journal of Real Estate Research 32 187 200
  • Collin-Dufresne, P., R. Goldstein, and S. Martin. Determinants of Credit Spread Changes. Journal of Finance, 2001, 56, 2177-2208. Determinants of Credit Spread Changes Journal of Finance 56 2177 2208
  • Cushman and Wakefield. More Than a Guessing Game: Number Crunching and Market Comparisons Shed Light on Hotel Demand. Business Briefing. Cushman & Wakefield, 2008.
  • DeLisle, R.J., S. McKay Price, and C.F. Sirmans. Pricing of Volatility Risk in REITs. Journal of Real Estate Research, 2013, 35:2, 223-48. Pricing of Volatility Risk in REITs Journal of Real Estate Research 35 223 48
  • Ding, L., R.G. Quercia, W. Li, and J. Ratcliffe. Risky Borrowers or Risky Mortgages: Disaggregating Effects Using Propensity Score Models. Journal of Real Estate Research, 2011, 33, 245-77. Risky Borrowers or Risky Mortgages: Disaggregating Effects Using Propensity Score Models Journal of Real Estate Research 33 245 77
  • Fuller, D.P., G. Otten, and C. McKenna. The HVS Employment-Hotel Growth Index: A New Tool for Projecting Hotel Room Night Demand. HVS, 2008.
  • Gallagher, M. and A. Mansour. An Analysis of Hotel Real Estate Market Dynamics. Journal of Real Estate Research, 2000, 19, 133-64. An Analysis of Hotel Real Estate Market Dynamics Journal of Real Estate Research 19 133 64
  • Gilchrist, S., Y. Vladimir, and E. Zakrajsek. Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets. Journal of Monetary Economics, 2009, 56, 471-93. Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets Journal of Monetary Economics 56 471 93
  • Igan, D. and M. Pinheiro. Exposure to Real Estate in Bank Portfolios. Journal of Real Estate Research, 2012, 32, 47-74. Exposure to Real Estate in Bank Portfolios Journal of Real Estate Research 32 47 74
  • Li, J., R.M. Mooradian, and S.X. Yang. The Information Content of the NCREIF Index. Journal of Real Estate Research, 2009, 31, 93-116. The Information Content of the NCREIF Index Journal of Real Estate Research 31 93 116
  • Liow, K.H. and Graeme Newell. Investment Dynamics of the Greater China Securitized Real Estate Markets. Journal of Real Estate Research, 2012, 34, 399-428. Investment Dynamics of the Greater China Securitized Real Estate Markets Journal of Real Estate Research 34 399 428
  • Liu, P. and D. Quan. Measuring Hotel Risk and Financing. In M. Sturman, J. Corgel, and R. Verma (eds.), The Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice. New York: John Wiley & Sons, Inc., 2010. The Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice
  • Maris, B.A. and W. Segal. Analysis of Yield Spreads on Commercial Mortgage-backed Securities. Journal of Real Estate Research, 2002, 23, 235-52. Analysis of Yield Spreads on Commercial Mortgage-backed Securities Journal of Real Estate Research 23 235 52
  • Morgan, D.P. and A. Ashcraft. Using Loan Rates to Measure and Regulate Bank Loan Risk. Journal of Financial Services Research, 2003, 24, 181-200. Using Loan Rates to Measure and Regulate Bank Loan Risk Journal of Financial Services Research 24 181 200
  • Nothaft, F.E. and J.L. Freund. The Evolution of Securitization in Multifamily Mortgage Markets and Its Effect on Lending Rates. Journal of Real Estate Research, 2003, 25, 91- 112. The Evolution of Securitization in Multifamily Mortgage Markets and Its Effect on Lending Rates Journal of Real Estate Research 25 91 112
  • Oikarinen, E., M. Hoesli, and C. Serrano. The Long-Run Dynamics between Direct and Securitized Real Estate. Journal of Real Estate Research, 2011, 33, 73-103. The Long-Run Dynamics between Direct and Securitized Real Estate Journal of Real Estate Research 33 73 103
  • Philippon, T. The Bond Market's Q. Quarterly Journal of Economics, 2009, 124, 1011-56. The Bond Market's Q Quarterly Journal of Economics 124 1011 56
  • Shiller, R. Market Volatility. Cambridge, MA: The MIT Press, 1989. Market Volatility
  • Shiller, R. and P. Perron. Testing the Random Walk Hypothesis: Power vs. Frequency of Observation. Economic Letters, 1985, 18, 381-86. Testing the Random Walk Hypothesis: Power vs. Frequency of Observation Economic Letters 18 381 86
  • Sivitanidou, R.C. and P.S. Sivitanides. Exploring Capitalization Rate Differentials Across Property Types. Real Estate Issues, 1997, 22, 47-54. Exploring Capitalization Rate Differentials Across Property Types Real Estate Issues 22 47 54
  • Titman, S. and W. Torous. Valuing Commercial Mortgages: An Empirical Investigation of the Contingent-Claims Approach to Pricing Risky Debt. Journal of Finance, 1989, 44, 345-73. Valuing Commercial Mortgages: An Empirical Investigation of the Contingent-Claims Approach to Pricing Risky Debt Journal of Finance 44 345 73
  • Titman, S., S. Tompaidis, and S. Tsyplakov. Determinants of Credit Spreads in Commercial Mortgages. Real Estate Economics, 2005, 33, 711-38. Determinants of Credit Spreads in Commercial Mortgages Real Estate Economics 33 711 38
  • Wheaton, W.C. and L. Rossoff. The Cyclic Behavior of the U.S. Lodging Industry. Real Estate Economics, 1998, 26, 67-82. The Cyclic Behavior of the U.S. Lodging Industry Real Estate Economics 26 67 82
  • Wiley, J.A. and D. Wyman. Key Factors Affecting Valuation for Senior Apartments. Journal of Real Estate Research, 2012, 34, 183-209. Key Factors Affecting Valuation for Senior Apartments Journal of Real Estate Research 34 183 209
  • Yunus, N. Modeling Relationships among Securitized Property Markets, Stock Markets, and Macroeconomic Variables. Journal of Real Estate Research, 2012, 34, 127-56. Modeling Relationships among Securitized Property Markets, Stock Markets, and Macroeconomic Variables Journal of Real Estate Research 34 127 56

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.