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Can the government commandeer hotels to fight COVID-19?

With the COVID-19 pandemic in full swing, can the government take private hotel rooms to expand the capacity to care for individuals with or exposed to the virus? Governmental entities at every level are taking unprecedented steps to fight the COVID-19 pandemic as they work to slow transmission of the …

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March U.S. Leading Barometer Envisions Recession Probability at 100%

e-forecasting.com’s economic Leading Analytic, eLA™, a composite of seven forward-looking predictive analytics, fell 4.2 percent in March, following an increase of 0.1 percent in February.  Only two of the seven components – individually modeled by data science techniques – had a positive contribution to the aggregate barometer. Combined with current …

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SalesAndCatering.com, the Best Tech Fit for the Times

Social distancing may be good for the country, but it is having a major impact on the hotel industry. With STR reporting occupancy down an average of 50 percent nationally operators are refocusing priorities and revising forecasts. This is new territory. Hotel companies and properties are stepping up to create …

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Prism to retain full corporate staff during pandemic

Dallas-based Prism Hotels & Resorts, a full-service hotel management, investment and advisory services company, is retaining 100 percent of its corporate team during the COVID-19 pandemic, according to President/CEO Steve Van. The decision stems from the company’s long-standing commitment to delivering results and maintaining excellence in any economic climate. Prism …

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New San Francisco hotel features advanced guest Wi-Fi

Hotel Internet Services, a full-service provider of internet services and solutions for the hospitality industry, has announced the successful implementation of a cutting-edge guest Wi-Fi network at Hotel Caza in San Francisco’s Fisherman’s Wharf. As a new construction project, Hotel Caza required the installation of all network components necessary to …

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WorkJam secures funding for innovation, expansion

WorkJam, a digital workplace solutions provider for organizations with front-line employees, announced the close of an oversubscribed $50 million USD Series C round led by Canadian venture capital firm Inovia Capital, with participation from Fonds de Solidarité FTQ and Claridge. All existing investors also participated in the round, including Lerer Hippeau, Blumberg Capital, …

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Download HM’s Financing Guidebook

For the right owner or developer, capital is still strong in the United States real estate market, according to experts. However, lenders are beginning to tighten requirements for equity, sponsorship and brand types, which means they are getting pickier. With so many deals chasing money, the current landscape is causing …

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