David Sangree recently sat down for an interview with Fox 8 News to discuss the on-going uncertainty for hotels in Cleveland due to the pandemic. David gives his insight into when things may start to recover for the entire industry in the event a vaccine or effective treatment for COVID-19 is developed. Published by: Maia
As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. The following article from CNN News discusses how 25% of hotel owners are struggling to pay their mortgages amid reduced travel.
In continued fallout from the COVID-19 pandemic, The Real Deal is reporting some hotels selling at deep discounts. As federal aid dries up, some hotels are also agreeing to costly financing options. Published by: The Real Deal/Staff Published date: July 2020 Cash-strapped hotel owners are selling properties at discounts and agreeing to sky-high interest rates with federal