Eight newly defaulted loans worth over $100 million have entered special servicing, according to Fitch Ratings in its latest edition of What's in Special Servicing, a report on U.S. CMBS. The agency said that recent defaults include two hotel portfolios, Red Roof Inn and Extended Stay.

Since the rating agency's last update in April, $17.4 billion in Fitch-rated loans have entered special servicing, which includes the Extended Stay Portfolio, which by itself totals over $4 billion.

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