Marriott moves portend future job cuts – a pandemic legacy?

Before his death, former Marriott CEO Arne Sorenson wondered at the beginning of the pandemic if job cuts would hinder the hotel industry’s ability to recover. But now that the […]

NY Times: Hotel owners with risky debt and Trump ties seek bailout

In a remarkable new story, the New York Times reports what Bailout Bandits has been saying for a while: hotel CMBS debt holders are looking for an expensive, controversial federal […]

If CMBS short investors made a windfall from the pandemic, should CMBS holders get a bailout?

On Monday, the New York Times reported on investors who had shorted commercial real estate loans – that is, they had bet big against holders of commercial real estate debt, […]

Is HOPE dead? After debunking by reporters, CMBS bailout bill attracts few cosponsors and industry criticism

Back in June, Congressman Van Taylor (R-TX) promoted a letter in support of a bailout for commercial real estate, in particular the hotel commercial mortgage-backed securities (CMBS) market. Along with […]

Pioneer of CMBS slams potential government bailout: CMBS “a forum for mostly the greedy and risk-loving, or the clueless, none of whom deserve a bailout”

In the 1990s Ethan Penner was the primary driver in the creation of the Commercial Mortgage-Backed Securities market while at Nomura Securities. In doing so he created a market which […]

Keeping it clean? Hotel industry demanding tax breaks for cleaning equipment while promoting a job-killing plan to reduce cleaning staff

In the midst of the largest federal bailout in US history, the hospitality industry has stepped up to demand a slew of subsidies, one of the latest of which is […]

Washington Post details how hospitality industry has failed to support workers with PPP funds

A blockbuster story from the Washington Post details how hospitality industry employers who received millions in Paycheck Protection Program (PPP) funds have not passed the money on to workers in […]

Trump and hotel lobby singing in harmony: a hotel bailout is for the little guys, we promise!

Chip Rogers, President and CEO of the American Hotel & Lodging Association, the country’s biggest hotel lobby, recently spent what he called “one of the most interesting sixty minute time […]

The hotel lobby goes to bat for big hotel owners saddled with CMBS debt

If you listened to the American Hotel and Lodging Association (AHLA), the nation’s hotel lobbying giant, you might get the impression that U.S. hotels were primarily threatened by unsustainable debt […]

AHLA’s Chip Rogers: Saying the quiet part out loud

Close readers of this blog (yes, we have a few!) might have noticed a theme: what hospitality industry leaders say doesn’t always match what they do. A case in point […]