Should Hotel Owners Brace For Higher Tax Assessments?

Mar 02, 2022 No Comments by

As we emerge from the global shutdown, the hotel and hospitality industry is coming back strong. There is also a growing sentiment among assessors throughout the country that COVID is over and we are quickly returning to prepandemic economics. This, too, can have a significant impact on assessed values. In some cases, they could double. CLICK ON THE HEADLINE FOR MORE

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Pandemic Puts N.Y.C. Hotels on the Brink: ‘A Complete Washout’

Sep 28, 2020 No Comments by

Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed to be temporary, but six months later, with no potential influx of visitors in sight, a wave of permanent closures has begun. CLICK ON THE HEADLINE FOR MORE

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Prediction: Demand For Hotels, Retail Will Not Return To Pre-Covid Levels ‘For Awhile’

Aug 24, 2020 No Comments

Compared to World War III, as well as a Category 5 hurricane, the pandemic has been pummeling the economy since March. And the prediction for the future? It’s not going to look like 2019. Not for a while. CLICK ON THE HEADLINE FOR MORE

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As Business Trickles Back, Hotels Compete On Cleanliness

Jun 22, 2020 No Comments

From masked clerks at the front desk to shuttered buffets, hotels are making visible changes in the wake of the pandemic. Used to competing on price or perks, they are now competing on cleanliness. CLICK ON THE HEADLINE FOR MORE

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