CHLA Partners With Adesso Capital to Expedite Relief Funds for Hotels

California Hotel & Lodging Association | April 20, 2023

SACRAMENTO, Calif., April 20, 2023-- The California Hotel & Lodging Association, which represents the state's 6,000 hotels and their 238,000 employees, is partnering with Adesso Capital to assist lodging owners with expediting federal relief funds for operating capital, payroll, inventory, or other expenses. With this partnership, California hotels can work with Adesso to file for the Employee Retention Credit (ERC), a tax credit available to businesses that suffered reduced operating capacities or loss of revenue from COVID-19 restrictions. The credit stems from payroll taxes paid in previous years and offers up to $26,000 back per W-...