U.S. hotel profitability metrics cratered during April, reported STR, Hendersonville, Tenn. During April, the sector saw total revenue per available room fall nearly 93 percent year-over-year and gross operating profit per available room fall 116.9 percent to a $17.98 loss per room.
Tag: COVID-19
April Commercial Property Prices Grow, Volume Drops
Real Capital Analytics, New York, said commercial real estate prices have not yet been decimated by the COVID-19 pandemic–but volume certainly has felt its effects.
MBA Advocacy Update: June 8, 2020
MBA remains actively engaged with decision-makers at all levels of government to help shape the response to the effects of the pandemic on the mortgage market. Last week, the Senate passed legislation that would ease restrictions on the SBA’s Paycheck Protection Program, which President Trump signed into law on Friday.
(#MBALive) Cybersecurity in a Remote-Work Environment
Security worries have grown as more people work remotely due to the pandemic, so it is more important than ever to consider security considerations for the teleworking environment.
Investors Prefer Debt Investment During COVID-19 Era
Real estate debt investment has become more attractive relative to equity investment during the COVID-19 pandemic, institutional investors say.
Office Employees Value Flexibility in COVID-19 Era
U.S. employees are re-examining their relationship with their offices due to COVID-19, said CBRE Hana, New York.
Most Employers Favor Phased Return to Workplace
Most companies plan a gradual, cautious approach to bringing employees back to their workplaces as governments begin to lift restrictions tied to COVID-19, said CBRE, Los Angeles.
Moody’s Analytics Forecasts 11% Drop in Retail Rents This Year
Pressured by rising e-commerce even before the COVID-19 crisis and now burdened with wide-scale store closures, retail rents could drop 11 percent in 2020, said Moody’s Analytics, New York.
Pandemic Slows Real Estate Market
Clever Real Estate, St. Louis, Mo., found a slowing real estate market as homeowners planning to sell begin to pull homes off the market and potential buyers start holding off due to the pandemic.
HUD Announces New CARES Act Mortgage Payment Relief Guidance
HUD announced new mortgage payment relief guidance under the CARES Act for borrowers with multifamily mortgages insured by FHA or borrowers participating in other HUD multifamily housing programs.