Good people might be in a hotel because they didn't expect it to be this hard.. they might be in a hotel because  they just started working again, it's a slippery slope. 

It will also be a project that carries significant benefits to the public, such as a large hotel or strip center, perhaps a stadium that uses other means of financing.

I'm just speculating, but we've already seen strategic defaults in commercial real estate in the last 6 months or so (example: Marriott hotel in RTP to be released to lender after loan default).

I have seen them in hotels...

We have experience in SFR, Multi-Fam x Hotels, Restaurants, Retail and more.

There is more inventory, they will compete with hotel rooms...etc. 

But I think I have a soft spot for constructions crews because my husband worked on the road for years and I know how much he hated staying in hotels.

When hotels want to build a new hotel they know the competition and the announced new competitors. 

Today, in a different financial state, I will be considering a different route (apartment complexes, hotels, motels, mobile home parks, etc.) in slightly better neighborhoods.

This makes the STR a business like a hotel and can be used against your W2 income.