Skip to content

Search

Latest Stories

The latest round of federal economic stimulus against the COVID-19 pandemic’s impact stalled in the House

Hotel industry officials urge lawmakers to set aside politics, raise amount of loans to small businesses

A THIRD PHASE of federal economic aid for the economy to mitigate the impact of the COVID-19 pandemic has stalled in the House of Representatives. While Congress continues to debate the bill, AAHOA is asking them to put politics aside.

The Senate’s Coronavirus Aid, Relief, & Economic Security Act failed in the House Sunday as Democrats complained it didn’t do enough to help workers. House Speaker Nancy Pelosi announced that she would not support the CARES Act and instructed members to produce their own version of the legislation, according to the American Action Forum.


Democratic Sen. Elizabeth Warren said there is "great unhappiness" among Democrats about the bill, specifically the inclusion of a proposed $500 billion fund for distressed companies, according to CNN.

"This is not a bipartisan proposal," Warren said. "This is a Republican proposal."

Cecil Staton, AAHOA’s president and CEO, urged lawmakers to set aside politics.

“This is a critical time for America’s small businesses and workers. They simply cannot wait. Congress must come together and do the right thing,” Staton said. “While we believe that the CARES Act does not provide enough relief to small business owners or their employees, it is a step towards where we need to be. Millions of Americans face unemployment, and businesses face a devastating liquidity crisis. Our economy is imploding, and the costs of partisan gridlock have never been greater.”

Specifically, Staton said the maximum on loans made available to hotels and other small businesses to cover payroll and operating costs needs to be raised.

“This bill proposes a multiplier of 2.5 the average monthly payroll. America’s hoteliers are seeking for the maximum loan amount available to be four times the annual average monthly operating expenses, with a cap of $10 million, to ensure that they can meet their employees’ needs, meet operational costs, and continue to pay the mortgages on their properties,” he said. “The failure to advance the legislation beyond a procedural vote is a grim reminder that partisan politics is capable of trumping the American people’s needs.”

A day before the CARES Act stalled, the U.S. Travel Association had praised the progress being made on the bill while pressing for its passage.

“It is critical that the Phase 3 relief package include strong measures to preserve the jobs of travel workers both during and while recovering from this catastrophic national public health disaster,” Roger Dow, USTA president and CEO, said in the statement. “The amount of liquidity made available to businesses must be bold at this dire time—at least $250 billion or more. Also, measures must be included to ensure that: businesses are better able to utilize the SBA loan option quickly; to offer loan forgiveness coupled with employee retention; and to provide access for properties and facilities with 500 employees. Without this help, as many as 4.6 million employees in travel-related jobs could lose their jobs in the next six to eight weeks.”

Last week, Dow joined Chip Rogers, American Hotel & Lodging Association president and CEO, and the CEOs of major hotel companies in meeting with President Trump to discuss the economic impact of the COVID-19 pandemic.

More for you

Howard Johnson 100th anniversary

HoJo marks centennial with throwback

Summary:

  • Howard Johnson is marking its 100th anniversary with fried clam–shaped soaps.
  • The soaps pay homage to an iconic HoJo menu item.
  • Available at select hotels and for online purchase starting Oct. 3.

HOWARD JOHNSON BY Wyndham marks a century with one of its most famous menu items, the fried clam strip. The brand is introducing limited-edition HoJo’s Original Fried Clam Soap, available at select Howard Johnson hotels across the U.S. and for online purchase beginning Oct. 3.

Keep ReadingShow less
HAMA Fall 2025 survey results

Survey: Hotels expect Q4 RevPAR gain

Summary:

  • More than 70 percent expect a RevPAR increase in Q4, according to HAMA survey.
  • Demand is the top concern, cited by 77.8 percent, up from 65 percent in spring.
  • Only 37 percent expect a U.S. recession in 2025, down from 49 percent earlier in the year.

MORE THAN 70 PERCENT of respondents to a Hospitality Asset Managers Association survey expect a 1 to 3 percent RevPAR increase in the fourth quarter. Demand is the top concern, cited by 77.8 percent of respondents, up from 65 percent in the spring survey.

Keep ReadingShow less
Peachtree Group DST Mansfield Texas

Peachtree adds Mansfield, TX, industrial asset to DST

Summary:

  • Peachtree launched new DST with 131,040‑square foot industrial facility in Mansfield, Texas.
  • The property was acquired at $180 per square foot.
  • Peachtree completed $320M in debt-free transactions across multiple markets since 2022.

PEACHTREE GROUP LAUNCHED its latest Delaware Statutory Trust with the acquisition of a newly built 131,040-square-foot industrial facility in Mansfield, Texas. The company has completed about $320 million in debt-free transactions since launching its DST program in 2022, according to its statement.

Keep ReadingShow less
American Franchise Act announced in U.S. Congress to protect hotel franchising and jobs

House unveils act to boost franchise business

Summary:

  • House introduces AFA to boost franchise model and hotel operations.
  • The act establishes a joint employer standard.
  • AHLA backs the bill, urging swift adoption.

THE HOUSE Of Representatives introduced the American Franchise Act, aimed at supporting the U.S. franchising sector, including 36,000 franchised hotels and 3 million workers nationwide. The American Hotel & Lodging Association, backed the bill, urging swift adoption to boost the franchise model and clarify joint employer standards.

Keep ReadingShow less
Noble Investment Group Mobile Alabama

Noble breaks ground on StudioRes in Mobile, AL

Summary:

  • Noble broke ground on StudioRes Mobile Alabama at McGowin Park.
  • The 10th StudioRes expands Noble’s long-term accommodations platform.
  • Noble recently acquired 16 WoodSpring Suites properties through two portfolio transactions.

NOBLE INVESTMENT GROUP broke ground on StudioRes Mobile Alabama at McGowin Park, a retail center in Mobile, Alabama. It is Noble’s 10th property under Marriott International’s extended stay StudioRes brand.

Keep ReadingShow less