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What recovery could look like for big-box hotels

The reopening of the economy may mean it’s a good time to be a big hotel brand, but it’s still not a great time to be a big hotel. With full group business recovery projected to take from two to five years, a lot of prime interior hotel real estate will be looking pretty vacant. Sloan Dean, CEO and president of Remington Hotels, sees a number of short-term hurdles. “Some [smaller] conferences were pushed back to Q4 2020, but there’s already a chance 10% won’t occur even if they have dates,” he said. “As for big events with thousands of…
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