Skip to content

Search

Latest Stories

AAHOA, AHLA congratulate President Biden, press for relief

The new administration’s plan to speed vaccination distribution, provide small business loans endorsed

AAHOA, AHLA congratulate President Biden, press for relief

AS JOE BIDEN took his oath to serve as the 46th U.S. president, the nation’s hoteliers were looking forward to what policies the new administration would bring to benefit the industry. In particular, two of the country’s major hospitality industry associations look forward to the next round of COVID-19 relief.

Along with congratulations, AAHOA and the American Hotel & Lodging Association emphasized in their statements the need to support the distribution of vaccines against the virus and financial assistance for small businesses. The statements echoed one released previously by the U.S. Travel Association.


“We look forward to the vision and leadership offered by the Biden administration as our nation works to contain the COVID-19 pandemic and get our economy back on track. The ambitious plan to vaccinate 100 million people in the next 100 days, if achieved, would give a much-needed boost to consumer confidence that could lead to a resumption of travel, tourism, and in-person events,” said Cecil Staton, AAHOA president and CEO. “Such a significant increase in vaccinations and testing will go a long way towards alleviating the uncertainty that surrounds the viability and safety of resuming these pre-pandemic activities. Small business owners are struggling with the pandemic’s economic fallout, and the plan outlined by President Biden looks to target those industries, such as hospitality, that are experiencing a disproportionate amount of hardship.”

Chip Rogers, AHLA president and CEO, also said he was looking forward to working with the new Biden administration.

“Today’s peaceful transfer of power marks a new chapter as our country moves forward together. Over the last year, our nation, and the world, has faced incredible difficulties, but we are resilient, and working together we can overcome these historic challenges,” Rogers said. “As an industry, we continue to face historically low occupancy rates, massive job loss, and record hotel closures. Our industry needs help to retain and rehire our associates, revive our local communities, and restart our economy. While the vaccine rollout has begun, it will likely take months to widely distribute, and travel is not expected to return to 2019 levels until 2023. We urge Congress and the new Administration to come together on a longer-term stimulus package that will ensure our industry survives so that the men and women who are the backbone and heart of hospitality can get back to work and unleash the power of the American dream.”

More for you

Trump reviewing 55 million us visas
Getty Images

Trump reviewing 55 million visas

Summary:

  • The Trump administration says it is reviewing more than 55 million visa holders.
  • Reviews cover a wide range of visas for law enforcement and overstay violations.
  • The administration also suspended worker visas for foreign commercial truck drivers.

THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.

Keep ReadingShow less
Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
  • The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
  • The company promotes retroactive CPACE funding for commercial real estate development.

PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.

Keep ReadingShow less
Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
  • The U.S. leads with 6,280 projects; Dallas tops cities with 199.
  • Nearly 2,900 hotels are expected to open worldwide by the end of 2025.

THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.

Keep ReadingShow less
HAMA Launches 20th Student Case Competition in USA
Photo Credit: iStock

HAMA launches 20th student case competition

Summary:

  • HAMA is accepting submissions for its 20th annual student case competition.
  • The cases reflect a scenario HAMA members faced as owner representatives.
  • Teams must submit a financial analysis, solution and executive summary.

THE HOSPITALITY ASSET Managers Association is accepting submissions for the 20th Annual HAMA Student Case Competition, in which more than 60 students analyze a management company change scenario and provide recommendations. HAMA, HotStats and Lodging Analytics Research & Consulting are providing the case, based on a scenario HAMA members faced as owner representatives.

Keep ReadingShow less