Skip to content

Search

Latest Stories

Groups demand more action from Congress on stimulus

AHLA, USTA want Congress to overcome political differences to pass a bill

A FAILURE TO act by Congress on more federal assistance for hotels suffering from the COVID-19 pandemic’s economic impact drew fire from the American Hotel and Lodging Association. They were not alone in their concern.

“We cannot express our frustration enough that our public servants care more about protecting their own jobs than they care about the jobs of the people they are elected to represent” Chip Rogers, AHLA’s CEO, said in a tweet.


On Sept. 30, AHLA joined nearly 200 other groups in sending a letter to Congress asking legislators to pass another round of stimulus before they leave Washington, D.C., for the campaign trail.

Failure to do so could lead to millions of workers being furloughed or terminated, the letter said. Those workers and others also could lose their unemployment insurance pandemic benefits and the companies that had employed them could close forever. State and local governments will have to curtail critical services due to a decline in tax revenue, AHLA said.

“It’s time for Congress to put politics aside and prioritize the many businesses and employees in the hardest-hit industries. Millions of jobs and the livelihoods of people who have built their small business for decades are just withering away because Congress has done nothing,” Rogers said. “America’s hotel industry is on the brink of collapse. We can’t afford to let thousands of small businesses die and all of the jobs associated with them be lost for many years.”

In mid-September, the U.S. Travel Association sent its own letter to Congress implore it to take immediate action on the stimulus. Otherwise, even more jobs will be lost, USTA said.

On Oct. 2, USTA reiterated that call to action and announced its COVID RELIEF NOW Coalition.

“Today’s discouraging jobs report is further evidence that our economy will continue to struggle without comprehensive federal assistance, and if it does not happen now a full recovery will likely be delayed for years,” USTA said in the new statement. “The need for further legislative relief for businesses, workers and local governments continues to be desperate. That need will only be met by a bill that is crafted under a deal by the two sides and can pass both chambers.”

More for you

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
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
Stonebridge hotel management expansion
Photo credit: Stonebridge Cos.

Stonebridge adds Statler Dallas to managed portfolio

Summary:

  • Stonebridge Cos. added the Statler Dallas, Curio Collection by Hilton, to its managed portfolio.
  • The hotel, opened in 1956 and relaunched in 2017, is owned by Centurion American Development Group.
  • The property is near Main Street Garden Park, the Arts District and the Dallas World Aquarium.

STONEBRIDGE COS. HAS contracted to manage the Statler Dallas, Curio Collection by Hilton in Dallas to its managed portfolio. The hotel, opened in 1956 and relaunched in 2017, is owned by Centurion American Development Group, led by Mehrdad Moayedi.

Keep ReadingShow less
Peachtree EB-5 approval
Photo credit: Peachtree Group

Peachtree’s FL development gets EB-5 approval

Summary:

  • Peachtree secured EB-5 approval for a Florida multifamily development project.
  • The 240-unit community in Manatee County is backed by $47 million in construction financing.
  • It is Peachtree’s fourth EB-5 project approval since launching the program in 2023.

PEACHTREE GROUP RECENTLY secured EB-5 approval from U.S. Citizenship and Immigration Services for Madison Bradenton, a 240-unit multifamily development in Bradenton, Florida. It also raised $47 million in construction financing with a four-year term for the project on a 10.7-acre site in Manatee County.

Keep ReadingShow less