The hospitality industry was among the hardest-hit by the pandemic. The road to recovery looks long, but one lender is ready to get back in the game.
Some restaurateurs are asking for more upfront free rent on new leases to give them a buffer to ramp up capacity.
Local hoteliers are still awaiting the return of several key metrics.
The emergence of the omicron variant may not spell doom for hotels, but it means a worse-than-expected holiday season and prolonged recovery for the industry.
Hotel finance experts see more distress coming in the market this year as occupancies remain low and forbearance agreements expire.
Restaurateurs and developers from The Wharf, Capitol Riverfront, National Harbor, Georgetown and Alexandria said they have seen business improving this year.
City officials are exploring possibilities for partial upgrades ahead of the Olympics.
The D.C. market has lagged its peers in coworking growth, but demand for spaces has picked up, and operators like Industrious are now looking to expand.
Airport retailers are facing at least three to four years before passenger volumes return to normal.
Hotels, malls, movie theaters and more of the industries hit hardest by the pandemic experienced unprecedented growth in March, driving REIT values up.
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