AHLA and SBA Secure PPP for Hotel Industry

AHLA | June 15, 2023

Eligibility changes protect loans to tens of thousands of hotels WASHINGTON (June 15, 2023) – American hotels will benefit from an important update to the Paycheck Protection Program (PPP). Following months of collaboration with the American Hotel & Lodging Association and hotel owners across the country, the Small Business Administration (SBA) issued new PPP eligibility guidelines today. The update clarifies that hotel owners who utilized third-party management companies and participated in PPP are eligible for PPP loan forgiveness for payroll expenses they paid via a management company. The changes SBA announced today will ens...