03.06.2023

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General News

David Neff was quoted in "Remote Work Threatens Business Hotels’ Recovery, Boosting Default Risks" an article in The Wall Street Journal,* regarding persistently low occupancy rates for business-focused hotels driving down their property values and its results.

 

Still, a bigger surge in hotel bankruptcy filings is unlikely because of factors including high costs associated with the process, said David, a lawyer specializing in hotel bankruptcy at Perkins Coie LLP. “If things go south, many of them will just hand the keys back [to the lenders],” David said.

 Read the full article on The Wall Street Journal.*

 

*Subscription-based publication