With four weeks remaining before the scheduled close of the program, federal officials have announced the end of the Paycheck Protecting Program, noting funding ran out Tuesday, The New York Times reports.

While many expected the program to run out of money before its May 31 end date, some lenders were caught off guard with how quickly it closed.

A Tuesday alert from the National Association of Government Guaranteed Lenders read: “It is our understanding that lenders are now getting a message through the portal that loans cannot be originated. The PPP general fund is closed to new applications.”

Officials with Host Hotels & Resorts announced the acquisition of the 444-room Four Seasons Resort Orlando at Walt Disney World Resort for $610 million in cash, according to a news release. The deal for the 289-acre property translates to $1.4 million per key and a 4.7% capitalization rate.

Host President and CEO James Risoleo said his company's ability to do the deal off market "underscores the benefits of our prudent and disciplined capital allocation approach."

After a year of next-to-no demand for Hawaii hotels, the state is seeing a tourism resurgence with hotel occupancies nearing 50%, The Wall Street Journal reports. Occupancy in the state hit 49% for the week ending April 24, according to data from CoStar's hospitality analytics firm STR.

While that still lags nationwide occupancy of 57%, hoteliers are happy to bid farewell to the days of occupancy in the lower teens.

The newspaper reports the difference is noticeable in Hawaii.

“Earlier in the pandemic, I used to be able to find street parking in Waikiki. Now it’s getting difficult with more mainland tourists coming back,” Austin Bunag, a resident of Honolulu, told the news outlet.

The newspaper also reports more foot traffic can be seen across properties like the Hyatt Regency Waikiki Beach Resort & Spa.

Hoteliers still await the return of international demand, though, as Hawaii is traditionally a favored destination for Japanese travelers.

After a 2020 where many were stuck at home for the holiday, hotels are gearing up for a return in Mother's Day demand this year, HNN's Dana Miller writes.

Various hotels, including The Rose Hotel Chicago O'Hare, Tapestry Collection by Hilton, are offering special packages to court that demand. The Rose is offering a package of a high tea experience, breakfast for two, "MOMosas" for purchase, live music, free overnight parking and a Chicago Savings Pass for the Fashion Outlets of Chicago.

"We felt that mixing the food and beverage offerings with a local musician and partnering with the Fashion Outlets of Chicago would cover our bases," said Rachel Westberg, director of sales and catering at The Rose Hotel.

According to the Boutique Hotel Report 2021 from The Highland Group, no segment of boutique hotels saw "more than a slight decline in [revenue per available room] index in 2020 compare to 2019," indicating boutiques held on to their share of demand through the pandemic. And many segments saw index gains during that period.

"Overall, the boutique hotel segment fared somewhat better than comparable hotels against the impact of the [COVID-19] pandemic," the report notes, adding boutique and lifestyle hotels continued to open through the pandemic, increasing their room share.