PPP Loan Funding
Omni Hotels & Resorts Paid Out Over $50 Million in Payroll Expenses Directly to Its Associates
Omni Hotels & Resorts | January 4, 2021
Funds were appropriately used as intended by legislation As a privately held company, Omni Hotels & Resorts generally does not disclose financial information; however, as the president of a company I love so dearly, I cannot sit idle as our integrity is attacked. UNITE HERE, a union representing a limited number of Omni’s employees, has implied that Omni Hotels has misused government funds or otherwise abused the Payroll Protection Program loan program. This is simply not true. As we all know, COVID-19 has swiftly and significantly impacted the entire world, and has wreaked havoc on the hospitality industry. As a result, I, along ...
Report: Hotels Require More PPP Loan Funding To Save Jobs
AHLA | April 28, 2020
WASHINGTON (April 28, 2020) – The American Hotel & Lodging Association (AHLA) released a new report today showing the average small business hotel will require additional funding from SBA loans under the Paycheck Protection Program (PPP) in order to rehire employees or prevent further layoffs and keep their business open. AHLA also sent an urgent letter today to Congress asking for additional funding for SBA loan program and several technical updates to the CARES Act to help these hoteliers keep their doors open and save jobs. “The CARES Act is an historic effort to meet the most serious health and economic challe...
