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Your Daily AAHOA Update for Wednesday, Nov. 11, 2020

Today's Top Stories

Have a Minute? Take the AAHOA Member Post-Election Survey

In order for AAHOA to most effectively advocate on your behalf, we're collecting valuable information from our members in advance of the remaining congressional session to share with policymakers. It will only take a few minutes of your time, so please take a moment to fill out this quick survey. Your thoughts and insights would be greatly appreciated and will help guide our outreach efforts to the appropriate elected officials and agency employees as we advocate on your behalf.

Take the Survey

Read Full Report

Trepp: CMBS Special Servicing Rate Sees Slight Decline in October After Hitting 2020 Peak

Following the 2020 year-to-date peak in Trepp's CMBS special servicing rate seen in September, the number has since inched down. The CMBS Special Servicing rate reduced 20 basis points in October, coming in at 10.28%, compared to 10.48% in September. This change can be attributed in part to loans that have been granted forbearances and are now being transferred out of special servicing and returned to the master servicer.

Upcoming AAHOA Events & Webcasts

Virtual Event

AAHOA Update on California

Proposition 15

Join us on Friday as our AAHOA Government Affairs Team and Lynn Mohrfeld, President & CEO of CHLA, give AAHOA Members an update on Proposition 15, which was defeated at the polls. Prop 15 would have amended the California State Constitution to require commercial and industrial properties, except those zoned as commercial agriculture, to be taxed based on their market value rather than their purchase price.

Meeting ID: 934 7141 1744

Join by Phone: 301-715-8592

Passcode: 089275

11 a.m. PST (2 p.m. EST) Friday, Nov. 13, 2020

Event Link

Webcast

The Business Case for Black Leaders at Your Hotel Company: Stats, Opportunities & Practical Strategies

COVID-19 and current events have placed a magnifying glass on diverse and inclusive actions, especially towards Black people. Join us to explore the latest findings from the Black Representation in Hospitality Industry Leadership 2020 report released by Castell Project. Learn how to better understand the critical need to increase Black participation in the hospitality industry and steps we can take right now to implement a diverse and inclusive culture.

1-2 p.m. EST Tuesday, November 17

Register Now

Regional Conference

TOMORROW: AAHOA North Central and Upper Midwest Regional: A Virtual Experience

AAHOA's 2020 Regional Series marches ever onward tomorrow with the AAHOA North Central and Upper Midwest Regional: A Virtual Experience (2-6 p.m. CT). Attendees will hear from Stacey Nadolny, Managing Director, Senior Partner, HVS; Phil Hugh, Chief Development Officer, Americas, Radisson Hotel Group; Shreyas (JR) Patel, President, Helix Hotels; Michael Jacobson, President & CEO, Illinois Hotel & Lodging Association, and many more! And don’t forget: All Regionals are FREE, and you can attend as many as you like!

2-6 p.m. CST Thursday, Nov. 12, 2020

Register Now

Upcoming Industry Events & Webcasts

Webinar

From the CDC: Healthy Workplaces – Tips and Tools for Operating your Business

Join the CDC for an upcoming webinar covering updates on the COVID-19 response, including new resources for businesses and other private-sector organizations. Dr. Cliff McDonald, Acting Chief Medical Officer for the CDC COVID-19 Emergency Response, will share the latest scientific information and what everyone should know about protecting themselves and others. In addition, they’ll discuss general business guidance and the Resuming Business Toolkit.

3-4 p.m. EST Monday, November 16

Learn More

Webinar

USTA’s Assessing Recovery: The Role of COVID-19 Testing in the Recovery of Travel

The full recovery of travel will depend on many factors, but what role can swift, reliable, and available testing have to accelerate the return of safe travel? Join the U.S. Travel Association to explore testing in the context of the travel industry and learn about the different types of tests being used today, as well as the latest efforts in the U.S. to slow the spread of COVID-19. We will also hear from MGM Resorts International on how testing being used on location is essential to rebuilding employee and consumer confidence and restarting meetings and events.

12 p.m. EST Thursday, November 12

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Live Webcast

A Conversation with Dr. Ben S. Bernanke

Register for a lively discussion with Dr. Ben S. Bernanke, former Federal Reserve System chairman from 2006 to 2014. Hessam Nadji, CEO of Marcus & Millichap, and Robert E. Hart, CEO of TruAmerica Multifamily, will host a comprehensive discussion with Bernanke spanning the economic outlook, ramifications of the election results, and factors impacting commercial real estate.

4 p.m. EST (1 p.m. PST) Wednesday, November 18

Register Now