The COVID-19 pandemic has emptied hotels.
Occupancy rates have plummeted. Owners and operators are laying off staff and closing hotels.
Continue Reading Hotels Provide Sanctuary on the Front Lines; Saving Grace in the Time of Crisis
Total Vacancy: Hotels Searching for Answers in Wake of COVID-19
Every business in the United States has been forced to confront the halting effect of COVID-19. No sector of the economy has felt the impact more than the hospitality industry. Hotels saw a drop in occupancy when travel advisories began to trickle in, but subsequent governmental shutdowns and mandatory closures have pushed occupancy rates into a free-fall.
Continue Reading Total Vacancy: Hotels Searching for Answers in Wake of COVID-19
Commercial Real Estate Tips of the Week: Practical Answers from Sheppard Mullin’s Coronavirus Task Force
Well, it’s been quite a week for all of us! Our national real estate team has compiled the top COVID-19 questions we received from our clients. The following is a summary of our guidance and suggested action items:
Continue Reading Commercial Real Estate Tips of the Week: Practical Answers from Sheppard Mullin’s Coronavirus Task Force
California Executive Order Permits “Commandeering” Hotels
California Governor Newsom yesterday issued an executive order that reserves the right to commandeer hotels and other similar facilities to serve as facilities for dealing with individuals affected with Covid-19.
Continue Reading California Executive Order Permits “Commandeering” Hotels