Tag: foreclosure
Survey: 74 Percent of Hotels Will Lay Off More Employees Without Further Aid
WASHINGTON, D.C. — A new survey of American Hotel & Lodging Association (AHLA) members shows that the 68 percent of hotels have less than...
Report: Hotel Industry Faces Historic Wave of Foreclosures as Delinquencies Rise
WASHINGTON, D.C. — A new national report shows that the hotel industry is facing a historic wave of foreclosures as the COVID-19 pandemic continues...
Legislators Urge Treasury and Fed to Step In as Hotels Face Foreclosures
The COVID-19 pandemic forced hotels nationwide to shut down for weeks or operate at record-low occupancies with reduced staff. With revenues significantly reduced, many...