Originally published in November 2008 on HotelLawBlog.com, then updated in 2010 for our Lenders Handbook for Troubled Hotels, we have updated this article through May 2020 to assist industry friends in dealing with distressed loans provoked by the COVID-19 crisis.
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Transaction Gives HRI Full Rights to Hard Rock Hotel & Casino in Las Vegas, Affiliates and Branding
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Lefty's Famous Cheesesteaks Hoagies & Grill brand has now expanded to five new communities in the Michigan market in 2020, reporting record-breaking grand openings in Ann Arbor, Woodhaven, Auburn Hills, Vernor and Taylor.
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InterContinental Hotels Group (IHG) has signed a Management Agreement to bring the Crowne Plaza brand to the historic city of Lucknow, in northern India.
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Due to the historic drop in travel demand and the expected slow pace of recovery, Hyatt has made the extremely difficult decision to implement layoffs and restructure roles across its global…
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CHICAGO (May 8, 2020) – In recognition of the extraordinary care they provide to their community, American Airlines (NASDAQ: AAL) and Hyatt Hotels Corporation (NYSE: H) today announced American…
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The lawsuit states that the owner is attempting to seize upon the disruption created within the hotel industry by the current COVID-19 pandemic as an opportunity to prematurely and wrongfully terminate the HMA upon manufactured and false grounds.
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Many smaller hotel companies will have no choice but to combine with their larger counterparts in order to survive post-COVID-19, creating a more consolidated industry in the process, says GlobalData.
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CHICAGO (May 6, 2020) – Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported first-quarter 2020 financial results. Net loss attributable to Hyatt was $103 million, or $1.02…
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Everything from density concerns to elevator capacity, and guest room sizes are challenges to overcome. This will all hinge on the industry’s ability to reassure guests that safety and security are paramount.
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