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AAHOA

Update for Monday, June 1

AAHOA is bringing you the latest information as it relates to COVID-19 and your business.

Help AAHOA help hotel owners by sharing this update with owners in your network, whether they're AAHOA Members or not. Turn to AAHOA's Facebook, LinkedIn, and Twitter accounts for the latest.

 

CONTENT FOUND IN THIS UPDATE
 

  • Industry Advocacy: Wyndham CEO wears AAHOA pin, advocates for hoteliers in White House roundtable
  • PPP: Get help navigating the loan-forgiveness process
  • Letter: Urge the Senate to support the PPP Flexibility Act
  • Webcasts: Learn how to prepare for returning guests and about hotel valuation post-COVID-19
  • Virtual Event: AAHOA YP Directors, others discuss hotel forecasting, performance
  • YP Event: CHLA’s Bijal Patel, other young industry pros discuss asset management
  • Avendra: AAHOA Club Blue Industry Partner Avendra creates back-to-business handbook
  • Summit: AAHOA Members Azim and Navroz Saju, Marion County groups discuss how to assure guests it’s safe to return
  • Today’s Hotelier: June issue now available; includes exclusive interview with Radisson Hotel Group CEO
  • #AAHOASTRONG: Nineteen women hoteliers make more than 1,000 care packages for women’s shelters
 

Wyndham President & CEO Advocates for Industry Issues in White House Roundtable

Wyndham Hotels & Resorts President & CEO Geoff Ballotti joined President Trump and other industry executives for a roundtable discussion on Friday to discuss how to safely reopen America’s workplaces. Ballotti advocated for issues important to AAHOA members, including the PPP Flexibility Act introduced by the House of Representatives. “The PPP Act has been monumental… [Our franchisees] view the [PPP] as an absolute lifeline,” Ballotti said.

“This is going to be a long recovery although we’ve remained open.” Tune in at 35:40 to hear Ballotti’s full remarks.

 

Get Help Navigating the PPP Loan Forgiveness Process
Do you need clarity on how to seek PPP loan forgiveness? Do you need help navigating the process? In this video, PPP Loan Forgiveness: A Step-By-Step Explainer, Neil Bradley, Executive Vice President and Chief Policy Officer at the U.S. Chamber of Commerce, walks you through all the essential steps, including forgiveness calculations and repayment terms. Watch now. You can also download the chamber’s step-by-step guide to PPP loan forgiveness here.

Urge Senate Leaders to Support the PPP Flexibility Act

On Thursday, May 28, the U.S. House of Representatives voted to pass the Paycheck Protection Program (PPP) Flexibility Act, legislation that makes favorable changes to the PPP. The bipartisan vote was nearly unanimous at 417-1. Encourage Congress to support the PPP Flexibility Act now. We need you to sign this letter to your representatives and senators urging them to support the legislation.

The Senate is simultaneously considering its own version of the bill as the House bill heads to the Senate for consideration.

The Senate could choose to pass an amended version of the House bill or, if the Senate’s version is passed, a conference committee may be called to resolve differences.

 

The House version of the PPP Flexibility Act would give small businesses more time to use their PPP loans by extending the eight-week period in which they have to use the funds to qualify for loan forgiveness to 24 weeks. It also provides more flexibility by changing the ratio of payroll costs; the new ratio would set limits for at least 60% of funds to be used on payroll and no more than 40% on other costs. In addition, the legislation would allow businesses that receive PPP loan forgiveness to defer payroll taxes.

 

Tomorrow: Learn How to Prepare Your Hotel for Returning Guests

As the nation continues to march toward fully reopening, hoteliers must be prepared to the meet heightened expectations about health and safety of returning guests. Join us at 11-11:30 a.m. EDT tomorrow, June 2 for Hotel Owners & Conquering COVID: Health and Safety Precautions to Protect Your Guests and Your Business to learn what steps you need to take to meet those expectations.

 

Tomorrow: Learn About Real Estate Valuation Post-Pandemic, Liquidity Strategies

How should hospitality real estate be valued in a post-COVID-19 landscape? Join us at 3 p.m. tomorrow, June 2 with leaders from Hodges Ward Elliott for Hotel Owners & Conquering COVID: Post-COVID Hotel Transactions & Liquidity Strategies and Sources to hear real-time market intel, methodology, and examples. And since having sufficient liquidity to ride out the recovery also is essential, you’ll also learn about liquidity strategies and other sources to explore.

Virtual Event: AAHOA YP Directors Discuss Hotel Forecasting, Performance
Join Purvi Panwala, AAHOA Young Professional Director Eastern Division, and Miraj S. Patel, AAHOA Young Professional Director Western Division, at 3 p.m. EDT Wednesday, June 3 for AAHOA Young Professional Hotelier Virtual Event Series: Hotel Forecasting, Performance Post-COVID-19. They will be joined by Eric Guerrero, HVS Managing Director, Brokerage & Advisory, Houston; and Luigi Major, HVS Managing Director, Partner, Los Angeles. Register now.

 

YP Event: Bijal Patel, Other Young Pros Discuss Asset Management Amidst the COVID-19 Pandemic
AAHOA Lifetime Member and CHLA Chairman Bijal Patel will join a panel of young industry professionals to share their insights at 4 p.m. EDT Wednesday, June 3 in the Next Generation in Lodging’s Industry Overview Series. In Episode 2 of the series, Patel and other next-generation leaders will discuss how the COVID-19 pandemic is impacting hotels from an asset management perspective. Learn more and register here.

 
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Avendra Creates ‘Ramp-Up’ Handbook for Post-COVID-19 Recovery

AAHOA Club Blue Industry Partner Avendra has created a back-to-business handbook for companies reopening and/or recovering from the fallout of the COVID-19 pandemic. Some of the key objectives of the guide are to provide information on the best practices for COVID-19 sanitation and operations; a checklist with advice and recommendations to ensure all ramp-up tasks are completed for each department; tips on operational efficiencies for cost containment; and more. Download the handbook.

 

Summit Addresses Consumer Safety Concerns As Businesses Begin to Reopen
If you reopen, will they come or will they stay away out of fear for their health and safety? That was the central question being asked Thursday night at a reopening summit organized by AAHOA Members Azim and Navroz Saju through their HDG Hotel Development and Management Group in Marion County, FL. “We’re focused on keeping our employees healthy, our guests healthy,” said Navroz Saju, CEO of HDG, which operates 18 hotels in Central Florida. Navroz said the state’s reopening was important, but that building consumer confidence is essential.

Carol Dover, President and CEO of the Florida Restaurant & Lodging Association, said her group is implementing COVID-19 safety training classes and certification and will start promoting the training effort to the public in the coming weeks to try and assuage customer concerns about dining out or staying in a hotel.

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New Issue of Today’s Hotelier Out Today!

The June 2020 issue of Today's Hotelier magazine is now available! In this issue, we continue to explore the impact of COVID-19 on America’s hotel owners, including an exclusive interview with Radisson Hotel Group CEO Jim Alderman. In his interview with Today’s Hotelier, he speaks about starting his position in the midst of a crisis, his personal relationship with AAHOA, how Radisson is helping owners through COVID-19, and more. Read the article.

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Women Hoteliers Make 1,000+ Care Packages for Women’s Shelters in OH, KY

Last week, 19 women hoteliers provided supplies for 1,000 care packages created for women’s shelters in Ohio and Kentucky, which includes basic items such as hand sanitizers, wipes, soap, shampoo, conditioner, toothpaste, toothbrushes, feminine hygiene products, lotion, snacks, bandages, and much more. AAHOA celebrates and thanks these hoteliers for donating their time efforts and truly exemplifying what it means to be #AAHOASTRONG!

Thank you, Shila Patel, Nila Patel, Hina Patel, Asha Patel, Lina Patel, Smita Patel, Pratixa Das, Falguni Patel, Sarju Patel, Mona Bhog, Surekha Patel, Pritty Patel, Sunita Patel, Reena Patel, Meghna Patel, Sangita Patel, Manisha Kalyan, Dimple Patel, and Jigisha Patel!