Renovating in a pandemic downturn

This public health-led recession has been very different from other recent downturns that were more financially based. It has led to a very strong “buyer” market for both debt and equity. Like prior downturns, many opportunistic distressed hotel funds have been formed and are flush with cash. Contributed by Kim Gauthier and Eliot Lamb, hotelAVE, Providence, Rhode Island Deployment of cash for a return does not have to only come from a transaction; owners can also make strategic investments in their properties to improve returns. Hotel renovations have become a marketing tactic and a way for a property to rebrand…
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