Hotel Profits Be Gone - Hello Hospital Dorm
ASTOUNDING! The Four Seasons reinvented itself in a matter of days to house hospital workers, total combined 2.3 million rooms!
American Hotel & Lodging *** (AHLA) said 15,000+ hotels have signed up to provide temporary housing for emergency and healthcare workers.
[Eventually they need profits right?]
Some hoteliers take sba loans from the care act, (cap on loans is $250k times mthly payroll costs,) some lose $ or close their doors, some just hope the economy picks up, or new legislation is created....
I wonder what percentage of hotels are going to go out of business...or worse?