LODGING LEADERS

261 | Let’s Make a Deal: Coronavirus crisis alters hotel transaction landscape

LODGING LEADERS

The U.S. hotel industry has practically grinded to a halt in the wake of the coronavirus crisis. As Lodging Leaders shared in our previous report, Episode 260, hotel business performance has declined to unprecedented levels.

Another area of the industry that the COVID-19 pandemic is impacting is hotel transactions. Properties remain on the market, but lenders have stopped underwriting new deals for the time being. So, if you’re eager to buy a hotel, bring your cash.

In this episode of Lodging Leaders we examine the current state of the hotel sales market. We feature Carter Willcox, sales associate with Mumford Company, and Daniel Lesser, president and CEO of LW Hospitality Advisors.

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