COVID-19 offers warnings on hospitality contracts

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By Anthony Cavanaugh and Jiah Park (October 4, 2021, 5:39 p.m. EDT) – The global COVID-19 pandemic has hit the international hospitality industry particularly hard, resulting in forced shutdowns and a long, protracted recovery.

It is often the hotel owner who bears a disproportionate share of the economic risks of operating a hotel and, therefore, is particularly vulnerable to events such as the pandemic.

It is against this backdrop that hotel owners should take a close look at the agreements that govern the investment and operation of hotels to learn the lessons of the pandemic and protect themselves against such vulnerability in the future. For example, in the context of buying and selling hotel properties, the pandemic has highlighted issues that …

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