Alvarez & Marsal

Luxury and budget hotels are faring well, but those in the middle of the market are struggling. Experts see a wave of distress deals on the horizon.

WeWork’s ability to stave off a bankruptcy filing will depend in large part on whether it can terminate or renegotiate a substantial number of its leases in more expensive markets.

High-profile financial advisers including Houlihan Lokey Inc., Lazard Ltd. and Evercore Inc. say they’re experiencing a surge in inquiries for so-called liability management.