How George Floyd s death is fueling a push for affordable housing in mostly White parts of D C thetelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetelegraph.com Daily Mail and Mail on Sunday newspapers.
Saying goodbye to the hotels that closed due to COVID-19
Feb 2, 2021
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
It’s been a year since we all first heard the words “novel coronavirus,” and the pandemic has lasted longer than many of us had expected. Hotels worldwide have struggled to keep their doors open and entice travelers to visit whether for the day for a quiet workspace, a staycation for a simple change of scenery or a stop along a road trip route.
Bloomberg
Hotels operators across the country are filing for bankruptcy at a faster pace amid a resurgence of Covid-19 infections that clouds the outlook for sustained recovery. More bankruptcies might be on the horizon as lenders lose patience with defaulting property owners.
A unit of Eagle Hospitality Real Estate Investment Trust, which owns a portfolio of corporate, leisure and airport hotels across the country, filed for bankruptcy protection Monday in Delaware amid a collapse in travel due to the pandemic. It followed Marriott Wardman Park in Washington, which filed for court protection from creditors last week, joining the bankruptcies of two hotels in Brooklyn in December and Manhattan’s Martinique New York in September.