cecil p. staton
AAHOA Elects New Secretary and Board Members
AAHOA | August 18, 2020
ATLANTA, Ga., Aug. 18 – Bharat Patel, CHO, of Sarasota, Fla., is the new AAHOA Secretary. Patel is the owner of Gulf Coast Hospitality Solutions, LLC. Previously, Patel served as Florida Regional Director on AAHOA’s Board of Directors. A record-setting number of eligible voters voted in this year’s election. The announcement came at the conclusion of AAHOA’s 2020 Virtual Convention & Trade Show. AAHOA members also elected the following individuals to the Board of Directors: Arkansas Regional Director: Chintu (Danny) Patel Florida Regional Director: Rahul I. Patel Georgia Regional Director: Vikesh (Vik) Zaver Greater...
America’s Hotel Owners Optimistic About HOPE Act
AAHOA | August 3, 2020
WASHINGTON, D.C., August 3, 2020 – AAHOA President & CEO Cecil P. Staton issued the following statement in response to the introduction of the Helping Open Properties Endeavor (HOPE) Act of 2020, a bill to provide relief to small businesses, like hotels, who hold commercial mortgage-backed security (CMBS) loans. The legislation would require the Department of Treasury to establish a facility to guarantee certain preferred equity investments in CMBS borrowers impacted by COVID-19: “Many of AAHOA’s members, the small business owners who run local hotels, use CMBS loans. This crisis hit them hard, and there is no other relief for th...
