Scandic Comments On Market Situation And Ongoing Rent Negotiations
Scandic Comments On Market Situation And Ongoing Rent Negotiations

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 Provides $13.5 Million Hotel Construction Loan for new Comfort Suites in Lake Buena Vista-Orlando, FL
Spirides Provides $13.5 Million Hotel Construction Loan for new Comfort Suites in Lake Buena Vista-Orlando, FL

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

Ascott Residence Trust Is The First Hospitality Trust In Singapore To Secure Green Loan
Ascott Residence Trust Is The First Hospitality Trust In Singapore To Secure Green Loan

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

Hotel Lawyer on PPP2 and the COVID Relief Bill’s changes to Paycheck Protection Program
Hotel Lawyer on PPP2 and the COVID Relief Bill’s changes to Paycheck Protection Program — By Jim Butler

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 Monday Musings: Being Frugal in 2021 – Is this One of the Lessons We Learned from the Pandemic?
HVS Monday Musings: Being Frugal in 2021 – Is this One of the Lessons We Learned from the Pandemic? — By Ajay Mehtani

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.

Continental Adrift: What does Brexit mean for UK & EU travelers?
Continental Adrift: What does Brexit mean for UK & EU travelers?

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 Statement On Snow Lake Capital Letter
MGM Resorts International Statement On Snow Lake Capital Letter

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 Sends Letter to MGM Resorts’ Board of Directors
Snow Lake Capital Sends Letter to MGM Resorts’ Board of Directors

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 Lawyer on PPP2 and the COVID Relief Bill's changes to Paycheck Protection Program
Hotel Lawyer on PPP2 and the COVID Relief Bill's changes to Paycheck Protection Program

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

2021 Hotel Financing Predictions
2021 Hotel Financing Predictions — By Brian Holstein

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.

2021 New Year Message – Potential for a Huge Rise in Insolvencies and Job Losses in the UK Hotel Sector
2021 New Year Message – Potential for a Huge Rise in Insolvencies and Job Losses in the UK Hotel Sector — By Russell Kett

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.

Understand Your Business Financial Scorecard in 2021

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

The world's most powerful passports for 2021
The world's most powerful passports for 2021

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.

Can Hotels Claim Business Interruption Insurance Due to a Pandemic?
Can Hotels Claim Business Interruption Insurance Due to a Pandemic? — By David Eisen

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.

Summarizing the Financial Consequences of the Pandemic
Summarizing the Financial Consequences of the Pandemic — By Larry Mogelonsky

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.

Industry Veterans John Murphy And David Parsky Announce Launch Of Investment Firm Triton Hospitality Group
Industry Veterans John Murphy And David Parsky Announce Launch Of Investment Firm Triton Hospitality Group

Triton Hospitality Group (Triton) · 6 Jan

John Murphy, founding president of Evolution Hospitality and David Parsky, founder of Arris Investments, announced today their new venture, Triton Ho

Introducing ideation + h: New Boutique Hospitality Asset Management and Consulting Firm to Oversee Portfolio of Hotels and Fractional Clubs
Introducing ideation + h: New Boutique Hospitality Asset Management and Consulting Firm to Oversee Portfolio of Hotels and Fractional Clubs

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 Lawyer Labor & Employment New Year Round-Up: What to Expect in 2021
Hotel Lawyer Labor & Employment New Year Round-Up: What to Expect in 2021

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

Identify Red Flags for Hotel Fraud
Identify Red Flags for Hotel Fraud — By Kevin Doyle

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.

What is Crowdlending?
What is Crowdlending?

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

Hospitality Financial Leadership – The Top 7 Front Office Controls
Hospitality Financial Leadership – The Top 7 Front Office Controls — By David Lund

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.

Hotel Receivership Case Study: 48-Hour Deployment Due to Bankruptcy
Hotel Receivership Case Study: 48-Hour Deployment Due to Bankruptcy — By Ken Edwards

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.

ADA Website "Tester's" Lawsuit Dismissed - Again
ADA Website "Tester's" Lawsuit Dismissed - Again

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

Reset, Release, Pivot… Think Beyond to Move your Hotel Forward
Reset, Release, Pivot… Think Beyond to Move your Hotel Forward — By Stephen Darling

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.

What Are The CRE Debt Instruments?
What Are The CRE Debt Instruments?

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 Monday Musings: Granting Industry and Infrastructure Status to the Indian Hospitality Sector is the Need of the Hour
HVS Monday Musings: Granting Industry and Infrastructure Status to the Indian Hospitality Sector is the Need of the Hour — By Mandeep S Lamba, Dipti Mohan

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.