Hotel Sellers Use Car-Sales Model to Finance Lodging Deals

The Wall Street Journal Feb. 23, 2021 Banks, owners offer cheap rates and sometimes require little money down to unload unprofitable hotels The lodging industry is under such stress that some property sellers are willing to lend to prospective hotel buyers the way auto dealers finance vehicle sales: Offer cheap rates and sometimes with little…

Read more

Marriott Bets on Resorts as Industry Eyes Vacation Demand

Bloomberg February 9, 2021 Marriott International Inc. is expanding its foray into all-inclusive resorts, adding nearly 7,000 rooms in the Caribbean and Central America in a move highlighting how hotel giants are plotting a recovery from the Covid-19 travel bust. Marriott has struck a deal to add 19 resorts owned by Sunwing Travel Group, including…

Read more