From Name

From Email

To Name

To Email

Message

With foreclosures looming, hotel industry pushes for HOPE Act

from Hotel Management

With foreclosures looming, hotel industry pushes for HOPE Act Hotel Management According to a new national report compiled by analytics company Trepp, the hotel industry is facing a historic wave of foreclosures as the COVID-19 pandemic continues to devastate small business hotel owners and its workforce. The hotel segment is facing a historic number of delinquencies and is the most heavily hit sector of the commercial mortgage-backed securities market. Nearly 4,000 hotel industry leaders sent an urgent letter to Congress urging immediate action to help hotels avoid foreclosure and the loss of tens of thousands of jobs. READ MORE

more