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Center Square New York: Hotel Association of New York City says members seeing occupancy rates in single digits, some on verge of closure
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AP News: Tourists few, NY gift shops struggle but don’t lose (heart)
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Million Acres: Where Are Hotels Hurting The Most?
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The Real Deal New York: 80% of NYC hotels backing CMBS loans show signs of distress Occupancy rates have improved since April, but only reflect establishments still open
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Real Estate Daily Beat: Pandemic puts NYC Hotels on the brink
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GLA News: Labor Arbitrator Orders NYC Hotels To Pay $500 Million To Employees Affected By Pandemic
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The Daily Caller: Arbitrator Orders NYC Hotels To Pay $500 Million To Employees Affected By Pandemic
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CGTN: Global Business Daily: Gaming wars, Tencent profits soar, Pfizer boss cashes in
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PYMNTS: Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?
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The Real Deal New York: New York City hotels put strain on $3.1B in CMBS loans
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Financial Times: New York’s hotel crisis puts pressure on $4bn mortgage bond sector
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Industry Leaders: New York Hotels Facing Foreclosures as Business Still In Doldrums
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