Paycheck Protection Program Forgiveness
Earlier this month, the Small Business Administration (“SBA”) published new guidelines targeted to making forgiveness applications easier on borrowers who received Paycheck Protection Program...
‘Throw Out the Old School’: Rethinking Labor Management at CYBER HITEC
“Labor is an investment and not an expense.” That was among the key themes of a virtual session led by Del Ross, chief revenue...
STR: U.S. Hotel Occupancy Drops Below 50 Percent
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy fell back below the 50 percent mark, according to the latest data from STR for the week of October...
HotStats: U.S. Hotel Profit Stuck in Neutral as World Switches Gears
LONDON — For the seventh consecutive month, U.S. hotels remained in negative gross operating profit per available room (GOPPAR) territory in September 2020; at...
Resort Resilience: Will Resorts Survive the Global Pandemic?
Resorts are a particularly resilient market segment. They survived 9/11 and the 2008 financial crisis with very little negative impact, and data shows that...
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Maverick Hotels and Restaurants Adds Two Properties to Managed Portfolio
BOSTON, Massachusetts—Maverick Hotels and Restaurants announced that it has added The York Beach Surf Club and The Sea Latch Inn, both located in York...
JLL Arranges Sale of Hilton Back Bay Hotel
BOSTON—JLL’s Hotels & Hospitality Group announced that it arranged the $171 million sale of the Hilton Back Bay hotel, a 390-key hotel in Boston.
JLL...
This Week’s Comings & Goings
Cvent announced the appointment of Andreas Heckmann as chief customer officer. In this role, Heckmann will lead Cvent’s global client services organization and spearhead...
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