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Distressed hotels webcast scheduled for July 1

Topics include acquisitions, a receivership boom and legal advice

THE INFORMATION MANAGEMENT Network is organizing a free webcast, “Distressed Hotels Insights,” on July 1 at 12 p.m. ET. There will be four panel discussions on topics such as acquisition and value-add strategies for distressed hotels; anticipating a boom in receivership; sourcing debt and equity; and legal ins and outs of distressed hotel transactions.

The webcast’s target audience comprises hotel owners, developers, private equity groups, management companies, receivers, lenders, bankers, special servicers, attorneys and other service providers to know the latest developments in this space, said IMN in a statement.


IMN is a global organizer of institutional finance and investment conferences. Hosting over 60 global events annually, these conferences are the catalyst for information exchange and deal transacting, by providing a platform that informs, engages and delivers a competitive edge.

May’s delinquencies on commercial mortgage backed securities loans, including hotels, rose to 7.15 percent from 2.29 percent in April, according to the Trepp research firm.

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Hospitality Leaders Call For End to U.S. Government Shutdown
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Hospitality leaders call for end to shutdown

Summary:

  • Hospitality leaders urged a vote on the Senate-passed bill to end the government shutdown.
  • The hotel industry has lost an estimated $1.2 billion in economic activity.
  • The House is set to vote this evening on the Senate-backed bill, according to CNN.

LEADERS FROM THE American Hotel & Lodging Association, Airlines for America, U.S. Travel Association and the National Restaurant Association urged the House of Representatives to vote on the Senate-passed agreement to end the government shutdown. Meanwhile, senators approved a funding package to reopen the federal government and sent the deal to the House.

The House is set to vote this evening on the Senate-backed bill, according to CNN. Speaker Mike Johnson must secure support from his narrow GOP majority but told reporters he is “optimistic.”

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