CMBS Loan Relief for Hotels – September 2020 Update
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
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 […]
Opportunity Zones: What Are They and How Can Hotel Owners Take Advantage of This Program?
Opportunity Zones may be the biggest news in the world of economic development since the establishment of the 1031 Exchange. The Tax Cuts and Jobs Act of 2017 introduced the Opportunity Zones program which offers generous tax advantages, delivers enormous benefits to private-sector investors, and promises economic growth for low-income communities. Although this program is […]