Hospitality Sector Team Co-Chair Andrew Robins was quoted in a Law360 article discussing that while vaccines are rolling out and leisure travel is picking up, not every hotel will bounce back following the COVID-19 pandemic. The pandemic has cast a light on the difference between large conference center hotels and smaller properties, and has also underscored the important distinction between driving and flying to hotels. Those and other factors will determine the fate of various U.S. properties. While some hotels may not reopen, they are likely to be repurposed for residential use, according to experts.
"There are a lot of hotels that were essentially obsolete before COVID and that is the place where I think you're going to see a lot of … adaptive reuse," Robins said. "We haven't seen a ton of it, but I believe it's coming."