Facing a Historic Wave of Hotel Foreclosures, Industry Leaders Sign onto Hope Act
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Date
2020-08-24
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Volume Title
Publisher
Corporate Events News
Abstract
The Hope Act is urging Congress to utilize existing CARES Act funding towards small businesses operating in commercial real estate. This is a bi-partisan legislation aimed to provide temporary liquidity to keep hotels operating in enhance for equity interest in hotel property.
Description
Keywords
HOPE Act, COVID-19, U.S. Hotels, Hospitality Industry, Pandemic Response