• Apply through an authorized bank or credit union beginning April 3.
• You can find the list of SBA-approved lenders in each state or region here.
• You can access the application form here.
• More information is available here.

AAHOA is working around the clock to provide its members with the latest updates on upcoming webcasts, resources, and communications to keep you abreast of the latest news and information about the COVID-19 pandemic, especially as it relates to the hospitality industry. We are updating the AAHOA website several times a day and sending out daily email updates as the situation evolves, so be sure to check it often.

The 2020 AAHOA Convention & Trade Show has been rescheduled for August 9-12 at the Orange County Convention Center in Orlando, FL. For answers to your questions regarding event registration, hotel registration, and more, check aahoa.com/convention. Also, continue to monitor our website regularly for further updates and other information, including a list of frequently asked questions.

As health and government officials urge social distancing to help prevent the spread of the coronavirus, now is a great time to take advantage of AAHOA's all-new, all-encompassing Certificate in Hotel Ownership^TM (CHO). This reimagined CHO is a fully customizable all-digital platform that offers an in-depth look into 12 learning tracks: Investment & Development, Front Office, Financing, Hotel Ownership, Human Resources, Accounting, Major Support Departments, Leadership, Legal & Compliance, Revenue Management, Sales & Marketing, and Technology. If you sign up by 11:59 p.m. ET on August 8 using promo code CHOLAUNCH20, you can earn your certificate for as little as $149, so don't wait! Learn more here.

Join us for the Regional Conference & Trade Show closest to you for access to top vendors, incredible networking opportunities, and region-specific industry updates you won't see anywhere else. Open to all hoteliers, and AAHOA Lifetime Members receive a free gift for attending. For the most up-to-date listing of all our upcoming events, check the events calendar.

SunTrust Robinson Humphrey reports, “Economy (-43.5%) was the relatively strongest chain scale for branded hotels; Luxury was the weakest at -94.8%. Upscale (-82.9%) underperformed the industry average; Upper Midscale (-76.9%) outperformed. Last week's lodging results were as we expected, with RevPAR y/y declines incrementally more negative. We assume continued deterioration of RevPAR in the next few weeks as more hotels close and various local/state governments that have not enacted lockdown policies take more stringent actions on nonessential activities.”

 

As North America’s leading hospitality procurement services provider, Avendra offers AAHOA Members competitive pricing from its 800+ supplier contracts. Earn huge savings on engineering, rooms operations, administrative, replacement FF&E, and more! Visit www.avendra.com or call 866-AVENDRA and start saving today!

Available in more than 50 countries, Rheem’s water heating product line innovates advanced technology and all-new ways to deliver just the right temperature while saving energy and water, and supporting a more sustainable future. This year, Rheem launched an initiative called "A Greater Degree of Good," which includes aggressive goals to re-imagine its products and global manufacturing operations to reduce its environmental footprint. For more info on Rheem’s sustainability initiative and cutting-edge water heating solutions, visit www.rheem.com.

AAHOA Members can receive monthly reports that track and compare the valuation levels, trading levels, and credit profile of each of the U.S. publicly traded Hotel C-Corps and Hotel Real Estate Investment Trusts. It includes pro forma adjustments for any announced acquisitions, dispositions, financings, and other corporate actions. All data is based on publicly available information, including equity research analyst estimates. Contact Jonathan Falik for more info.

Hoteliers have to navigate the COVID-19 pandemic on many different levels. From ensuring health and safety for their employees to managing the risk to their businesses, the new coronavirus hits every aspect of the hotel industry. Hospitality pros offer advice on how the industry can manage this difficult time.

The CARES Act has passed, but the hotel industry may need more help to come out of the COVID-19 pandemic on top. Moody’s Investors Service reported, "The coronavirus outbreak continues to halt normal business activity worldwide, with no clear turning point yet." In order to weather the storm of this pandemic, hotels will need serious financial assistance.

Hotel brands have banded together to encourage financial aid during the COVID-19 pandemic. However, not all hotels will be treated equally. Publicly traded companies will be more likely to receive assistance first, meaning small and family-owned businesses may need to pursue other avenues of assistance.