Hersha Hospitality will return its PPP loan money
HERSHA HOSPITALITY TRUST is taking several steps to reduce its financial burden and keep most of its 48 hotels open, though it still had...
STR forecasts total recovery from pandemic by 2023
THE ECONOMY CRASHED suddenly as a result of the COVID-19 pandemic, but it could be years before it sees a full recovery from the...
Greene leaving AAHOA for new position
KEN GREENE IS leaving his position as president and CEO of AAHOA to begin a new job with Dallas-based IBF Hospitality. AAHOA already has...
Report: Extended-stay hotels on top in first half of 2020
EXTENDED-STAY HOTELS in the U.S. have seen their steepest declines ever in occupancy and other performance metrics since the COVID-19 pandemic shut down the...
New legislation would hold federal per diem rates at pre-pandemic levels
NEWLY PROPOSED LEGISLATION would require the General Services Administration to take into consideration the economic impact of the coronavirus when setting future per diem...
GSA releases FY 2021 per diem rates
THE U.S. GENERAL Services Administration has released its fiscal year 2021 per diem rates for federal government travelers. Government travel is important to the...
NewcrestImage sells Frisco, Texas, Hyatt House
JUST A WEEK after opening a new Hyatt House hotel in Oregon, NewcrestImage has sold its Hyatt House near Dallas. Proceeds from the sale...
Two Vision Hospitality boutique hotels win ‘StayBoutique Awards’
TWO BOUTIQUE HOTELS owned by Vision Hospitality Group, The Grady Louisville Downtown in Louisville, Kentucky, and the Kinley Cincinnati Downtown in Cincinnati, have won...
Proposed legislation offers HOPE to CMBS loan holders
PROPOSED LEGISLATION COULD offer relief for hoteliers with commercial mortgage backed securities loans. CMBS loans carry stricter rules that make it more difficult for...
Survey: Future travelers willing to accept inconveniences for safety
PERHAPS THE MOST frightening thing about the COVID-19 pandemic is the fact that information on the virus seems to change from day to day....
