Hotel Industry Crisis: 8 Do’s and Don’ts for Distressed Hotels

Jim Butler | March 24, 2020

By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 19 March 2020 Hotel industry crisis: 8 Do’s and Don’ts for distressed hotels by Jim Butler and Guy Maisnik JMBM’s Global Hospitality Group® As the COVID-19 crisis grows in the US and elsewhere outside China, hotels and restaurants are among the businesses hardest hit. In select markets like Seattle and San Francisco, hotels are reporting single digit occupancies and crushed ADRs. Many hotels do not have the cash flow to keep their doors open. The major hotel companies are talking of furloughs for tens of thousands of hotel employee...