Since the COVID-19 outbreak, demand for hotel rooms remains low, and the resulting loss of revenue is leading to foreclosures. According to a May 2020 report by Trepp, LLC, over 500 hotels are currently in foreclosure. While these assets may appear attractive to opportunistic investors, the extraordinary circumstances of the coronavirus pandemic demand extraordinary due diligence. Buyers wishing to capitalize on discounted hotel properties should employ the due diligence assessments recommended for all property acquisitions, plus additional assessments to address risks associated with COVID-19. Read the complete breakdown here on GlobeSt.com.
September 11, 2023
New York, NY — Partner Engineering and Science, Inc., a leading environmental due diligence consulting firm specializing in the commercial real estate industry, is pleased to announce the addition of […]
August 30, 2023
The New SBA SOP 50 10 7: Environmental Policy Updates On May 10, 2023, the U.S. Small Business Administration (SBA) issued the newest Standard Operating Procedure (SOP) 50 10 7, […]
June 15, 2023
Learn More About the Long-Term Success in the Convenience Store Industry Partnering with Greg Cushard, Frank S. Romeo, Jr.’s article appears in GlobeSt.com on June 15, 2023 The acquisition of Convenience […]
