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...
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...
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%, down by 30.6% from a year ago; average daily rate (ADR) was at $90.3, down 28.1% from a year ago;...
Checking in at a Hotel
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...
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...
Subchapter V, ABCs  Are Key Tools for Troubled SMBs
As economic calamities in the U.S. dominate the headlines, and the media focus relentlessly on the supposed demise of the retail, hospitality, and other industries, businesses of all sizes are forced to contemplate their futures. In particular, small and medium-size businesses (SMBs), as well as...
Bankruptcy Courts Appear ‘Good Faith Debtor’ Friendly in Subchapter V Cases
Pursuant to the Small Business Reorganization Act of 2019 (SBRA), which became effective on February 19, 2020, Chapter 11 of the U.S. Bankruptcy Code was amended to include new Subchapter V. Through newly added Bankruptcy Code Sections 1181-1195, “small business debtors” should be able to...
What Turnaround Professionals Need to Know About Subchapter V
As most turnaround professionals know, federal legislation in response to the coronavirus pandemic created a limited window for more businesses to qualify for what is intended to be a faster, less costly, and simpler route through bankruptcy. This route exists through the Small Business...
The Role of the Trustee in Subchapter V Cases
The addition of Subchapter V to Chapter 11 of the U.S. Bankruptcy Code is an important innovation that introduces significant cost savings, allowing small business debtors an opportunity to reorganize. Most notably, Subchapter V transforms the role of the trustee from one of prosecutor to that of...
Spiral Image center says Come In We're Open
The Small Business Reorganization Act of 2019 (SBRA) became effective on February 19, 2020, bringing with it a new reorganization tool for small business debtors: Subchapter V of the U.S. Bankruptcy Code. Subchapter V streamlines the Chapter 11 bankruptcy process for small business debtors,...