Attention, clubs: on August 8, the United States President issued an executive order deferring a portion of your employees’ payroll taxes. This payroll tax holiday runs from September 1 to December 31, and only employees making less than $104,000 per year qualify.
By Bianca Lopez and Evita Ma / Data usage in the hospitality environment has skyrocketed, and continues to grow every year, making a robust broadband network crucial to guest services and back-of-the-house operations.
It has been an exciting first year for the HFTP Foundation. Between frenzied fundraising and planning a packed docket of upcoming research for 2020, research staff have certainly had their hands full.
Scandic · 15 Jan
In December, Scandic's average occupancy rate was approximately 15 percent with continued weak demand in all markets. Ongoing rent negotiations have
Spirides Hospitality Finance Company · 14 Jan
Spirides Hospitality Finance Company has successfully provided and the borrower has officially closed a $13.5 million construction and permanent mort
The Ascott Limited · 14 Jan
Ascott Residence Trust (ART) has obtained a S$50 million five year green loan from DBS Bank Ltd (DBS), making ART the first hospitality trust in Sing
JMBM · 14 Jan
We have a new PPP Loan authorization bill out of Washington, after months of political wrangling. Congress could have done more, but they did provide for up to $2,000,000 in additional forgivable loans per borrower, along with provisions which specifically cater to the hospitality industry.
HVS · 11 Jan
A crisis is often needed to make drastic changes and the ongoing pandemic is one of the most challenging crises that the world has faced since the Second World War. The COVID-19 outbreak came in suddenly, swept across the world and changed us in an unprecedented way - not only our businesses but even the way we live.
CWT · 8 Jan
After several years of dominating headlines, the Brexit transition period is over. What does the deal mean for EU and UK business travelers and how d
MGM Resorts International · 8 Jan
The MGM Resorts International ("MGM Resorts") (NYSE: MGM) Board of Directors acknowledges Snow Lake Capital's letter related to MGM China Holdings Li
Snow Lake Capital Limited · 8 Jan
Snow Lake Capital Limited, a leading Asian alternative investment management firm with over US$3 billion in assets under management, today sent a let
Hotel Law Blog · 8 Jan
We have a new PPP Loan authorization bill out of Washington, after months of political wrangling. Congress could have done more, but they did provide
US Hotel Advisors · 8 Jan
It is obvious that hotel operating performance will be much better in 2021 than 2020. It is, perhaps, less obvious that hotel lending has already begun staging a comeback that will accelerate throughout the year while continuing to stay ahead of actual hotel performance.
HVS · 8 Jan
Like many people, I returned to my desk this week after the now-familiar five-second commute between the kitchen and my office at home and pondered what the New Year is likely to bring the UK hotel industry. By the time Boris Johnson started his TV broadcast at 8pm on Monday and Lockdown 3.0 had now commenced, any optimism we might have had was substantially depleted.
HSMAI Global · 7 Jan
As part of Recovery Connections — a key feature of HSMAI’s Road to Recovery program — HSMAI is offering On-Demand Learning, a library of short record
cnn.com · 7 Jan
The days of strolling into an airport, flashing a passport, then hopping on a flight to wherever one likes are, for now, a distant memory.
HotStats Limited · 7 Jan
Does a pandemic qualify for business interruption insurance? It's a question hoteliers shouldn't be asking themselves, but rather, their insurance company.
Hotel Mogel Consulting Limited · 7 Jan
Is COVID-19 the Armageddon for the hotel industry? That's the first question I asked Dr. Donald W. Wise, co-founder and senior managing director of Turnbull Capital Group. With over 36 years of investment banking experience in the hospitality industry, he and this firm have been involved in roughly $20 billions of advisory, consultation, note sales, preferred equity and debt placements, and transactional engagements on both the buy-side and the sell-side.
John Murphy, founding president of Evolution Hospitality and David Parsky, founder of Arris Investments, announced today their new venture, Triton Ho
ideation + h · 5 Jan
Pamela Malkani is pleased to announce the formation of ideation + h as of January 1, 2021. The new boutique hospitality asset management and consulti
Hotel Law Blog · 30 Dec
See how JMBM's Global Hospitality Group(r) can help you. Click here for the latest on labor and employment guidance. As 2020 comes to a close, many e
Cayuga Hospitality Consultants · 29 Dec
In the world of forensic accounting there is a somewhat similar collection of cautioning indicators called Red Flags. Unfortunately for us, the Red Flag list is not limited to seven "sins". As you can imagine, for every hotel's control environment and operating structure the opportunities for Red Flags to emerge can be fluid, especially in the COVID-19 era we are operating.
AUTIN&Co (AUTIN GmbH) · 29 Dec
Any credit activity facilitated by an online electronic platform that matches loans with lender interest is variably called "crowdlending", “loan-bas
The Hotel Financial Coach · 28 Dec
As you know the front office is the command post for your operation, and it's also the point where all the receipts come through. Making sure you have solid internal controls at the desk is not only good business, it's mission-critical. Without these safeguards you are wide open and as someone once said, good internal controls help keep honest people honest. Now don't get me wrong. I believe we need to trust the people we have on our teams, and I also have seen what can happen when there is an opportunity. So, this piece is about eliminating most of those weaknesses at the front desk.
Cayuga Hospitality Consultants · 25 Dec
During crisis times, the hospitality industry becomes fragile as demand is driven by guests. Conditions that affect guests also affect the business. As its nature, hospitality investments usually have longer return on investments, and sometimes detached investor profile as owning a hotel and operating it are two different practices.
Hotel Law Blog · 23 Dec
See how JMBM's Global Hospitality Group(r) can help you. Click here for the latest articles on ADA Compliance and Defense. As websites become a large
Cayuga Hospitality Consultants · 23 Dec
Many hotel owners made quick decisions this past Spring to survive the uncertainty ahead. The need has never been greater to rethink what the optimal plan is to move forward in the fast-changing market. Don't assume that the current business model will still yield the highest and best use going forward.
AUTIN&Co (AUTIN GmbH) · 22 Dec
Real estate bonds are fixed-income capital market instruments that are secured by income-producing property (IPP). They come in the form of a propert
HVS · 21 Dec
In the past few months, several state governments have been proactively lending a helping hand to the tourism & hospitality sector in their respective states, providing various relief measures to help the sector stay afloat during these trying times. Last month, in a move to reboot the sector, the Maharashtra government conferred 'industry' status to the state's hospitality sector.