The coronavirus pandemic has disrupted the global supply chain. With most whole goods and components coming from China, the U.S. hospitality industry began to scramble in January to keep the supplies coming. Manufacturing has resumed in China as the crisis has reportedly eased there, but the outbreak has yet to reach its peak in the read more
The coronavirus crisis has paralyzed much of the U.S. hospitality industry. One area that also is reflecting the shock is the hotel transaction market. While deals that were financed will probably close as planned, other agreements are put on hold as lenders stop underwriting and both buyers and sellers have a heightened level of caution in such an uncertain time. This report is part of Long Live Lodging’s ongoing Special Report on the Coronavirus and its impact on the hotel industry.