Impact on Hotel Industry employees

[Bob Floss II]

I'm representing a seller to close on their townhome and both the husband and wife work in the hotel industry. They shared with me that of the 300,000 Marriott employees, 80% have been placed on furlough. I've heard that term used but never really understand the impact on the employee. They employer pays them enough to maintain their health benefits, but they have no take home pay. Their jobs are waiting for them when the furlough is over, but they are on their own for income until they return. The furlough for Marriott will be for 60 to 90 days. 

I imagine it's the same for all the MGM properties and other hotel chains.