Hospitality Industry: A Deep Dive into Its Recovery and Lingering Distress

Join Patrick Potter as he, along with David Levy of Keen-Summit Capital Partners, moderates a discussion on the hospitality sector with 45-year industry veteran Frank Nardozza, chairman and CEO of REH Capital Partners LLC, a national investment and advisory services firm focused on hospitality investment, finance and consulting.

Hosted by ABI's Real Estate Committee, participants will dive into the hospitality field, which has endured profound changes since the pandemic, both positive and negative. Pent-up demand for travel, flexible work schedules and strong consumer spending are driving demand in some sectors, while remote work has fundamentally changed business travel, which is straining occupancy and profits at properties that historically have relied on this steady stream of business. There are significant pockets of distress among hotel owners, particularly those facing maturing mortgage loans at a time of higher borrowing costs and more stringent lender underwriting requirements. This is against a backdrop of slowing hotel industry revenue growth, sticky inflationary pressures on labor and operating expenses, and sharp increases in property insurance costs.

The program will conclude with a live question-and-answer session.

For more information and to register, please visit the ABI event page.