Articles tagged “ashford hospitality”

The Delicate Balance for Hotel Owners in This Crisis Between Defaulting and Protecting a Portfolio

The Delicate Balance for Hotel Owners in This Crisis Between Defaulting and Protecting a Portfolio

Cameron Sperance, Skift

Braemar Hotels & Resorts may have a $3 billion lighter mortgage debt load than Ashford Hospitality Trust, but it still needs to find a way to buy time and protect assets, many of which are still temporarily closed.

2 weeks ago

Debt Woes Mount for Hotel Company Tied to Coronavirus Relief Loan Controversy

Debt Woes Mount for Hotel Company Tied to Coronavirus Relief Loan Controversy

Cameron Sperance, Skift

Ashford Hospitality Trust is running out of relief options for its billions of dollars in mortgage debt, and selling or giving back assets to lenders seems almost certain.

2 weeks ago

Luxury Hotel Group Caves to Pressure, Returns $59 Million in Relief Funds

Luxury Hotel Group Caves to Pressure, Returns $59 Million in Relief Funds

Cameron Sperance, Skift

Bigger companies are returning PPP funds, but that doesn't mean small hotel operators are having an easier time getting relief from the downturn in travel.

1 month ago

Luxury Hotel CEO Steps Down Amid Coronavirus Relief Loan Pushback But Controversy Lingers

Luxury Hotel CEO Steps Down Amid Coronavirus Relief Loan Pushback But Controversy Lingers

Cameron Sperance, Skift

Douglas Kessler's resignation only addresses one part of a luxury hotel portfolio tied to Monty Bennett receiving tens of millions of dollars in small business relief.

1 month ago