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Only 17% Of New York Restaurants And Bars Paid Full July Rent
News

Only 17% Of New York Restaurants And Bars Paid Full July Rent

... are refusing to budge on lease renegotiation. The NYC Hospitality Alliance surveyed 500 restaurants, bars and nightlife establishments ... and conflicting local policies, is making their path to recovery even more challenging.  Contact Miriam Hall at miriam. ...

Aug 03, 2020
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chicago skyline
News

Moody's: Some Office, Hotel Loans Are Redefaulting In Warning Sign For Market

... the delinquency rate could be set to grow — although if hospitality demand improves that may offset the challenges in other sectors ... many appear to still have lower cash flows and uncertain recovery paths.” A handful of once-delinquent hotels have also ...

Apr 04, 2022
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Less Than 10% Of NYC Restaurants Paid Full Rent In December
News

Less Than 10% Of NYC Restaurants Paid Full Rent In December

... New York City’s restaurants, bars, and nightlife venues,” NYC Hospitality Alliance Executive Director Andrew Rigie said in a statement. “While ... Leader Chuck Schumer to continue to push for a $25B recovery fund that is part of President Joe Biden’s rescue ...

Feb 16, 2021
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Convention Season Heating Up In 2021, But Slow Vaccine Rollout Could Upend It Again
News

Convention Season Heating Up In 2021, But Slow Vaccine Rollout Could Upend It Again

... doesn’t fully recover this year, Habeeb said he believes recovery is inevitable. Just as office users are finding that Zoom ... through two sessions in a row.” Habeeb said Chicago’s hospitality industry has other reasons for optimism, especially in the downtown ...

Feb 03, 2021
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Sacramento Capitol
News

Polarizing Bill Allowing Tenants Out Of Leases Falls Apart

... nonprofits — a result that will undermine our economic recovery and inflict countless boarded-up storefronts on our neighborhoods ... of tenants and tenant interests like the Bay Area Hospitality Coalition. Proponents argued emergency legislation was needed to ...

Jun 18, 2020
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You're On Mute: The Crossover Moment That Says The Old Normal Is Not Gone Forever
News

You're On Mute: The Crossover Moment That Says The Old Normal Is Not Gone Forever

... only game in town, and a return to pre-pandemic hospitality is undoubtedly on the rise, comes from two other just ... , the Pret figures indicated. There is also mounting evidence of recovery in the hotel sector, particularly in international travel. The UK ...

Feb 16, 2022
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The New York Stock Exchange
News

Hotel REITs Ended The Year On A Better Note Than Office

... declined significantly at the end of February but their recovery has been less dramatic, perhaps because questions remain about ... malls were already facing major headwinds. Office, multifamily and hospitality will all depend on a swift return to normalcy. “ ...

Dec 16, 2020
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Colin Jost, Pete Davidson Buy Staten Island Ferry For Entertainment Space, Event Venue
News

Colin Jost, Pete Davidson Buy Staten Island Ferry For Entertainment Space, Event Venue

... owners find a place for it. Hospitality and event venues are facing a long road to recovery in New York City, after ...

Jan 21, 2022
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Houston Hotels Have Largely Bounced Back, But A Big Chunk of Business Remains In Doubt
News

Houston Hotels Have Largely Bounced Back, But A Big Chunk of Business Remains In Doubt

Houston already leads the state in hotel recovery, according to Houston First, which markets Houston tourism. Vice President ... -developed hotel at 1070 Dallas that closed in 2021, citing hospitality challenges due to the pandemic. “We're in touch with ...

Jan 20, 2022
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D.C. skyline
News

D.C.'s Projected Tax Revenue Drops By $212M As Slow Reopening Continues

... on D.C.'s reopening timeline, indicating that retail and hospitality businesses will continue to struggle.  In April, he had ... and Economic Development, said the forecasts show the path to recovery will be much longer than originally anticipated. "COVID-19 ...

Sep 30, 2020
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