The COVID-19 pandemic and its travel restrictions are ravaging the hospitality industry worldwide in ways that Marriott International Inc. CEO Arne Sorenson described as worse for business than the aftermath of 9/11 or the financial crisis of 2008 and 2009.
Real estate partner Tom Gryboski of Morris, Manning & Martin, in Atlanta, who is chair of the firm’s hospitality practice group, said his clients, who include large institutional investors, are grappling with cascading cancellations and the need for furloughs and layoff due to the novel coronavirus pandemic and mandatory closures.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]