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Premiered Apr 15, 2020
In these unprecedented times, hotel owners and operators are taking aggressive and necessary steps to manage hotel operations with minimal customer demand. In many cases this has involved shut down of hotels or suspension of substantially all normal cause operations. This has been necessary to manage highly challenged cashflows and to pocket employees and customers. Borrowers have reached out to lenders and servicers and asked for concessions and relief. Many lenders have granted or will grant some interim relief.