Joshua Bernstein and Andrew Robins, who serve as co-chairs of the Hospitality Sector Team, along with Ronald Kornreich, wrote an article in Hotel Business guiding hotels forced to close due to the COVID-19 pandemic.
“The hospitality industry is being devastated by the impact of the coronavirus outbreak. As social distancing is becoming the new normal, airlines cancel flights, and state and local governments impose travel restrictions and institute quarantines, many hotels are dealing with unprecedented turmoil and are confronting a decision that was unthinkable just a few weeks ago – whether to shut down. Hotel closures raise many issues and need to be implemented carefully to avoid creating additional adverse consequences. While every closure needs to be considered in light of its unique facts, there are some things hotel owners should do now as part of a hotel closure/suspension analysis.”