SBA Re-Opening PPP to Small Lenders on January 15 and All Lenders on January 19
Lenders with $1 Billion or less in assets along with community financial institutions are accepting applications for PPP loans. These loans will become available to all other lenders on Tuesday, January 19, 2021.
John Muehlbauer Appointed CEO of the IHG Owners Association
The IHG Owners Association announced that John Muehlbauer has been appointed to the role of chief executive officer. Muehlbauer will continue to uphold the Association’s mission of maximizing owners’ investments in their IHG-branded hotels.
Hotels to Receive Long-Awaited Relief as Part of New $900 Billion Aid Package
The $900 billion coronavirus relief deal delivers some of the hotel industry's top requests, including additional funding for the Paycheck Protection Program, extensions on several tax relief measures and more.
Euan McGlashan, an IHG Owners Association Global Board member and co-founder & CEO of Valor Hospitality Partners, explores the various challenges owners currently face as they begin transitioning from survival to recovery.
Creativity tapped to stretch leisure season past summer
Hoteliers in the U.S. would typically see business travel pick up in the fall, but now they are left strategizing ways to stretch the summer leisure season to offset the loss of corporate demand because of the COVID-19 pandemic.