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Hotel Asset Managers Fret About Flexibility of Brands, Lenders As Pandemic Drags On

Survey Finds Many Expect to Miss Budget Projections
The membership of the Hospitality Asset Managers Association claims third-party managers have been more flexible partners through the downturn than brands, and they also expect lenders’ patience is waning. (Getty Images)
The membership of the Hospitality Asset Managers Association claims third-party managers have been more flexible partners through the downturn than brands, and they also expect lenders’ patience is waning. (Getty Images)
Hotel News Now
October 16, 2020 | 3:31 P.M.

With a majority of the Hospitality Asset Managers Association’s membership expecting greater than 50% declines in revenue per available room compared to their budgets this year, members of the association’s board said owners have some tough decisions ahead of them.

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