SBA loan payment relief due to COVID-19

Congress has authorized a much-needed second round of Section 1112 payments to eligible SBA loan recipients. This funding is available to eligible, non-casino hotels and motels (NCAIS 721110) with up to eight months of additional relief. This second round of payment relief is set to begin February 1, 2021 or when a hotel or motel’s […]

Considering Purchasing a Commercial Note? Triple up the Due Diligence.

Motels for sale

Every financial cycle or economic downturn brings forward its fair share of distressed assets.  In these situations, banks and lenders will often start shopping out non-performing loans to shed some liabilities off their books or even free up capital. This inevitably brings out investors looking for an opportunity to get a steal in the marketplace. […]

Hotel Industry needs COVID Relief Now

economicrelief

The hotel industry needs additional help to stay afloat, and that help has been slow in coming. With the 2020 presidential election less than a month away, countless hotel owners worry they won’t survive the holidays without additional economic relief. The American Hotel & Lodging Association (AHLA) surveyed 1,000 hotel owners, operators, and employees at […]

CMBS Loan Relief for Hotels – September 2020 Update

cmbs

Back when the first CMBS loan relief was offered, no one could have predicted how little it would help. Its 90-day deferral of payments got hotels through April, May and June only. Then June rolled around with no end in sight and so a second wave of CMBS loan relief arrived in the form of […]

Hotel Finance: Attrition and Cancellation Fee Revenue

Hotel Property for Sale

Rising costs mean that a lot of hotel property owners are finding ways to better manage their finances-such as imposing attrition and cancellation fees. Why it’s Happening A lot of the available online booking programs make it easy for consumers to book multiple lodgings and then cancel before the period where cancelation fees apply. This […]