hospitality industry

Should Hotel Owners Brace For Higher Tax Assessments?

As we emerge from the global shutdown, the hotel and hospitality industry is coming back strong. There is also a growing sentiment among assessors throughout the country that COVID is over and we are quickly returning to prepandemic economics. This, too, can have a significant impact on assessed values. In some cases, they could double. CLICK ON THE HEADLINE FOR MORE

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Pandemic Puts N.Y.C. Hotels on the Brink: ‘A Complete Washout’

Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed to be temporary, but six months later, with no potential influx of visitors in sight, a wave of permanent closures has begun. CLICK ON THE HEADLINE FOR MORE

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Prediction: Demand For Hotels, Retail Will Not Return To Pre-Covid Levels \’For Awhile\’

Compared to World War III, as well as a Category 5 hurricane, the pandemic has been pummeling the economy since March. And the prediction for the future? It’s not going to look like 2019. Not for a while. CLICK ON THE HEADLINE FOR MORE

Prediction: Demand For Hotels, Retail Will Not Return To Pre-Covid Levels \’For Awhile\’ Read More »