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Your Daily AAHOA Update for Wednesday, Dec. 2, 2020

Today's Top Stories

Promising News Out of Capitol Hill: Bipartisan Group Working on Interim Stimulus Package

There is a renewed, collaborative effort by moderate members of the House and Senate to revive stimulus discussions. As you know, both the Republicans and Democrats have been entrenched with their demands and dollar figures for the past few months. We had hoped the election results would have provided certainty, but that has not happened because of the remaining races in Georgia. The groups' efforts in the House and Senate could create an interim stimulus package. The details are far from settled, but we do know they likely will include several of our most important provisions, including:

PPP 2.0 (and could likely include a threshold of lost revenue of 35% during a look-back period chosen by the business owner year-over-year)
Easing forgiveness barriers and eliminating tax penalties on PPP
Added resources for EIDL
Temporary liability shield from exposure related suits

We also are informed that our push for additional bank forbearance is likely to be included. It could expand the CARES Act's relief measure for banks for an additional 6 months or up to a year. Unfortunately, it does not look like the additional lending facilities or liquidity proposals, including those that address CMBS issues, are yet in the discussions. The AAHOA team will be heavily involved in these conversations moving forward – continuing our advocacy efforts on behalf of hoteliers all over the nation.

Politico: Coronavirus Urgency Grips Divided Capitol

After months of stalemate, there’s finally a flurry of congressional activity as the coronavirus crisis worsens. But with lawmakers proposing dueling measures and Hill leaders divided over the best path forward, a major relief package approved in December remains elusive. A bipartisan congressional group struck a broad coronavirus compromise on Tuesday, a significant breakthrough after months of failed negotiations. And House Speaker Nancy Pelosi restarted her talks with Treasury Secretary Steven Mnuchin after they fell apart before the November election.

Read Full Article

Last Chance! Our Final Regional Conference & Trade Show of 2020 Is Tomorrow!

To quote four-time Grammy winners Boyz II Men, we’ve come to the end of the road. The final event in our 2020 Regionals Series, AAHOA Alabama, Florida, and Georgia Regional: A Virtual Experience, kicks off 2-6 p.m. EST tomorrow, December 3. This final regional will include a special update on the critical January 5 Georgia runoff election for control of the U.S. Senate. The results of this runoff will affect hoteliers all over the country, so even if you don’t live in Georgia, you’ll want to hear this important update.

Register Now

Kalibri Labs: Ahead of the Curve – State of the U.S. Recovery

The pandemic has changed the industry. Some of the changes are temporary, some will become permanent. To that end, Kalibri Labs just released Ahead of the Curve: Top 50 U.S. Markets, which informs hoteliers on what’s happening in your specific area. To discuss the findings, Cindy Estis Green and Mark Lomanno from Kalibri Labs, Antoine Vialle from ForwardKeys, and Bram Gallagher from CBRE will host a virtual event at 11 a.m. EST Thursday, December 10 to discuss the overall impact of the COVID-19 pandemic on the hotel, airline, and travel sectors.

Download the Report

What Members Are Saying...

“Thank you and everyone on the team for all the hard work you do for all the members, much appreciated.”

– AAHOA Lifetime Member

Upcoming AAHOA Events & Webcasts

Webcast

Getting Back to Business: How to Navigate PPP Loan Forgiveness

Many AAHOA Members received Paycheck Protection Program (PPP) loans to continue paying their employees during the COVID-19 pandemic. Borrowers may be entitled to loan forgiveness if the funds were used for eligible costs in accordance with the guidelines – but there are some restrictions. Join us at 3 p.m. EST Monday, December 7 to learn more about PPP loan forgiveness to help determine whether or not your loan will be forgiven. Plus, find out about the possible risks you may face if you fail to comply with PPP guidelines.

3-3:30 p.m. EST Monday, Dec. 7, 2020

Register Now

Virtual Event

North Pacific Region: Nevada Property Tax Discussion Sponsored by O'Connor & Associates

Join us as O'Connor & Associates updates AAHOA Members in Nevada on what they need to know regarding property taxes in the COVID-19 era. North Pacific Regional Director Kamalesh (KP) Patel will host the event with guests O’Connor & Associates’ Andrew Choy, Director of National Hotel Property Tax, and Abraham Tieh, Director of National Commercial Property Tax.

4 p.m. EST | 1 p.m. PST Tuesday, Dec. 8, 2020

Meeting ID: 956 7283 3845 | Join By Phone: 301-715-8592

Event Link

Webcast

Getting Back to Business: I Want to Win the Ball Game – The Owner/GM as the Hotel’s Chief Financial Officer

The hotel industry is currently facing an unprecedented challenge. How do you take control and guide your team to success amid the uncertainty? This webinar will help you understand the role of the CFO in ensuring a high-performance hotel environment. Join us to learn more about revenue, expenses, and restoring your bottom line in a post-COVID era.

3-3:30 p.m. EST Tuesday, Dec. 8, 2020

Register Now