Travel

What Happens When a Massive Wave of Hotels Default?

ThreeIfByBike / Flickr

Some hotels like Chicago’s Palmer House (pictured) are facing foreclosure, but real estate attorneys see alternative options for struggling owners. ThreeIfByBike / Flickr

 

Skift Take: The hotel industry is struggling under months of cratered occupancy and revenue. But there may be a way to avoid foreclosure with the bank — as long as your hotel was doing fine before the pandemic.

— Cameron Sperance

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