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AAHOA

Update for Wednesday, July 8

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

  • CMBS Loans: Delinquency rate surges for the third month; nears all-time high
  • Charity Golf: Charlotte tournament to be AAHOA's first live event in months
  • ALIS: Summer Update Series goes virtual in response to COVID-19
  • AAHOA Industry Partners: Deals, resources to help hoteliers recover from pandemic
  • Baird/STR: Hotel stock index falls 5.3% in June; rising virus cases likely the cause

CMBS Delinquency Rate Surges for the Third Month; Nears All-Time High
At one point in June, it appeared that a new all-time high for CMBS delinquencies would be reached. However, when the final numbers were posted, the July 2012 high remains the peak for the time being (10.34%). According to Trepp, the leading provider of information, analytics, and technology to the CMBS, commercial real estate, and banking markets, the CMBS Delinquency Rate in June is 10.32%, a jump of 317 basis points over the May number.

About 5% of that number represents loans that are 30 days delinquent, while another 3.2% are now 60 days delinquent. See full report here.

Charlotte Charity Golf Tournament Will Be AAHOA's First Live Event in Several Months

Join North Carolina Regional Director Akshat Patel and local host Jay Trini Patel at the 2020 Charlotte Charity Golf Tournament on August 1-2 at The Golf Club at Ballantyne in Charlotte, AAHOA's first in-person event in several months. The tournament is being held on one of North Carolina's premier courses and will benefit 11 charities.

Because the well-being, health, and safety of all attendees is AAHOA's No. 1 priority, all necessary precautions are being taken to provide a safe environment. Register today as a player or sponsor and help make an impact.

ALIS Summer Update Series Converts to Virtual Event in Response to COVID-19

Due to the recent spike in COVID-19 cases in several states, the ALIS Summer Update Series is being converted into a virtual series, with the leadoff event being New York on July 13. AAHOA Chairman Biran Patel will be a featured panelist in both the Nashville (July 16) and Dallas (July 20) events, the former of which AAHOA President & CEO Cecil P. Staton will moderate. To participate, you will have to register for each webinar individually.

Registration for the ALIS Summer Update virtual series is now free, so register for as many programs as you would like.

AAHOA Industry Partners Offering Deals, Resources to Help Hoteliers Recover from Pandemic

As hoteliers all over America are preparing for the welcome return of guests and staffs, AAHOA’s Industry Partners are offering many exclusive discounts, promotions, and resources designed with our members in mind. Check out our Exclusive Deals page on the AAHOA website – with new deals and offers added each week – to learn more about the members-only deals available from AAHOA’s Industry Partners. We’re sure you’ll find some that are just right for you!

Baird/STR Hotel Stock Index Falls 5.3% in June; Rising COVID-19 Cases Likely the Cause
The Baird/STR Hotel Stock Index fell 5.3% in June to a level of 3,060. Year to date through the first six months of 2020, the stock index was down 41.9%. "Hotel stocks were volatile in June as the broader reopening trade continued into the early part of the month; the Hotel Brand and Hotel REIT Sub-Indices were up more than 19% and nearly 37%, respectively, through six trading days,” Michael Bellisario, senior hotel research analyst and director at Baird, said.

“However, the momentum reversed course, and hotel stocks finished the month approximately 5% lower as rising coronavirus case counts in several states dampened investor sentiment and negatively impacted travel-related stocks.” See full report here.