Phoenix, May 2021 – NewGen Advisory (NGA) created a task force to help hotel owners and alternative use buyers during the pandemic. The initiative tapped
The skies are undoubtedly sunnier for many hotel owners and investors as vaccines are rolling out and businesses open up. A perfect example of this
It’s true… the Covid-19 pandemic has dealt a major blow to the hospitality industry. With tourism stifled and convention centers abandoned, many hotel owners have
In 2019, hotels across the country experienced a tremendous bull run from the last recession. Capital was abundant, supply was plentiful, and demand was high.
“Less is more”, as Coco Chanel used to say, may no longer apply exclusively to the fashion world. In light of the “new normal” brought
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
The hospitality industry evolves at a rapid rate. That hasn’t been more truthful than with recent global events that shape all aspects of lives. The
The pandemic has upended numerous elements of all areas of business. This is especially true for the hotel industry and all who inhabit it. One
In 2019, the employment of travel agents rose by 2.3%. Even during the pandemic, travel agents continue to be in high demand. The year 2021 will
The travel industry went into a tailspin due to the COVID-19 pandemic. As hotel owners welcome the new year, however, they may entertain some cautious
The decline of hotel occupancy in 2020 is not news. Even though occupancy rates have increased since the Coronavirus outbreak, recovery is still uncertain. Hotel
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