Commentary SEPTEMBER 15, 2020 College Football Cancellations Hike Risk on Hotel Loans in Power 5 College Towns Carson Applegate As colleges and universities grapple with the EXHIBIT 1 Vice President, NA CMBS effects of the Coronavirus Disease (COVID-19) 2019 Average Home-Game Attendance +1 312 332-9445 pandemic, already-struggling hotels in college Per Game
[email protected] towns will likely face further performance declines with postponed college football Steven Jellinek games and/or severely restricted in-person Vice President, NA CMBS attendance at such games. Sixty-five different +1 312 244-7908 colleges across the United States make up the
[email protected] Atlantic Coast Conference (ACC), the Big Ten 5 Conference (Big Ten), the Big 12 Conference (Big Jack Donovan 12), the Pacific-12 Conference (Pac-12), and the Senior Analyst, NA CMBS Southeastern Conference (SEC), which together +1 312 845-2278 comprise the Power Five Conferences (Power
[email protected] 5). According to the National Collegiate Athletic Association (NCAA), 25.6 million fans attended Erin Stafford Power 5 home games in the fall of 2019. DBRS Managing Director, NA CMBS ACC Big Ten Big 12 Pac-12 SEC Morningstar focused its research on hotels 0 +1 312 244-3391 within the Power 5 areas because games in
[email protected] these conferences generate significantly higher Sorce C ational College Football ttenance average attendance than the other five athletic Te CC incle te erage Hoe ae ttenance or te conferences in the NCAA Division 1 Football niersit o otre Dae Bowl Subdivision (FBS).