May 2021
Feature Article
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Protracted Recovery Expected for U.S. Hotel Sector
It is no secret that COVID-19 has negatively impacted commercial real estate across all asset classes, but arguably, no sector has suffered greater harm than hospitality and lodging assets. The economic devastation wreaked on the hospitality industry by the global pandemic beginning in March 2020 spared no hotel owner-operator, with both business and leisure demand […]
More from this Issue
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Pandemic Is Particularly Inhospitable to the Hospitality Industry
This issue of the Journal of Corporate Renewal focuses on hospitality, which unquestionably was one of the hardest hit sectors during the COVID-19 pandemic. With almost no warning during early March 2020, hospitality owners, lenders, management companies, and investors were hit with an unprecedented contraction of revenue that reverberated among all stakeholders. Each stakeholder has […] -
Empowering People Empowers the TMA Brand
TMA is not just a name or any association; it is a brand. And like all brands of distinction, the power behind the brand is fueled by, and fuels, the audience it serves. The TMA brand is characterized by what I call “actionable optionality,” because, like the brand itself, TMA is an organization in motion. […] -
Hope of Putting the Pandemic Behind Us Is Blooming
Greetings! I hope this issue of the JCR finds you vaccinated or well on the path toward it! Spring is in the air, and the whole world seems to be blooming with the hope of putting COVID-19 behind us. Even with the overwhelming amounts of pollen we have where I live, the air smells fresher, […] -
Protracted Recovery Expected for U.S. Hotel Sector
It is no secret that COVID-19 has negatively impacted commercial real estate across all asset classes, but arguably, no sector has suffered greater harm than hospitality and lodging assets. The economic devastation wreaked on the hospitality industry by the global pandemic beginning in March 2020 spared no hotel owner-operator, with both business and leisure demand […] -
10 Strategies for Hotel Owners/ Operators to Navigate the Recovery
Hospitality was one of the first industries to be impacted by the pandemic, and it will likely be one of the last to recover. With business and international travel all but suspended and leisure travel significantly restricted, the industry in 2020 experienced its worst performance since the Great Depression. While occupancy has improved from March […] -
Hotels: Restructuring, Disruption, and Transformation Strategies for Post-Covid-19 Execution
After the worst recorded year ever for hotel performance, 2021 appears to potentially offer some hope, though challenges for the industry remain. As of January 2021, U.S. hotel occupancy stood at 40%, downby 30.6% from a year ago; average daily rate (ADR) was at $90.3, down 28.1% from a year ago; and revenue per available […] -
Apartment-Hotels, Other STRs Emerge to Challenge Traditional Hotels
The pandemic has ravaged businesses in every sector across the world. One of the hardest hit areas has been the hospitality industry. When nearly universal stay-at-home mandates were instituted, travel came to a halt, leading to unprecedented turbulence and a disproportionate impact on the lodging sector. After hotel occupancy and revenue per available room (RevPAR) […] -
Spain’s Hotel Industry Reeling from Pandemic’s Impact on Tourism
One of the engines of the Spanish economy is tourism, attracting in a good year about 85 million visitors, almost double the country’s entire population. The Covid-19 pandemic has had the most detrimental impact in memory on Spain’s hotel sector, a key pillar of the tourism industry, which registered an aggregate drop in bookings of […] -
Great Expectations: Joseph Richman
Q: How did you gravitate into turnaround/restructuring work? Richman: I always had some familiarity with the turnaround industry. My father is an attorney, but I wasn’t necessarily interested in the turnaround and restructuring world for my career. I studied political science and psychology, and went to graduate school, where I did some economics work. I spent […] -
Newcomers: May 2021
Arizona Joel F. Newell Atlanta Bryan Hatfield, Context Business Lending, LLC Suzanne G. Soboeiro, Troutman Pepper Hamilton Sanders LLP Eugene F. Walsh, Renasant Business Credit California – Northern Renga Samy Kevin P. Smith California – Southern Justin Carter, CBC Business Credit Cathrine M. Castaldi Peter Hill, Sherwood Partners Inc. Kyle A. Lewis Tamara McGrath, FTI Consulting Zoe Schackel, […]
Snapshot Article
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