Hotel Loan Restructurings & Refinancings Webinar
The discussion aimed to provide hotel owners in NYC insights into how lenders and borrowers are currently renegotiating/restructuring their existing loans given the distressed state of the market, and further shed a light on the lending landscape for hospitality.
Crain’s New York Business: Council bills aim to salvage the wreckage of city’s multibillion-dollar tourism industry
A package of bills in city council is taking aim at New York’s pandemic-racked multi-billion dollar tourism industry.
Fox 5 New York: NYC hotels left reeling by pandemic call for relief
Fall is typically the best time of year for tourism in New York City, but this year the hotel and hospitality industry has been left reeling by the pandemic.
The National: UN General Assembly kicks off in New York, without the assembly
On a crisp, early, autumn day in New York City, the sun glistens off Le Corbusier and Oscar Niemeyer’s famed UN Secretariat Building. The glass facade reflects the cloudless sky.
AP News: Virtual UN Meeting Saps NYC of Yearly Hubbub, Cash Infusion
In a normal September, leaders of nations big and small would converge on New York this week, giving the United States’ largest city a chance to show itself off as a crossroads of the world.
Investopedia: U.S. Hotels in Survival Mode as Capacity Disappears
Sixty-seven percent of U.S. hotel owners report they will only be able to last six more months at current projected revenue and occupancy levels without any more government relief. This statistic comes from a new survey by the American Hotel & Lodging Association (AHLA) conducted September 14-16 with more than 1,000 respondents.
Pix11 NY: NYC hotel industry one of many reeling from pandemic, asking for help
This time last year New York City had the foot traffic — and restaurant and hotel traffic — from the United Nations General Assembly.