A Message from Our Leadership on COVID-19

“As a result of the Covid-19 crisis, we will be watching for special opportunities to acquire hotel properties that meet our investment criteria at discounted prices.” - Jack Moran, President & CEO, NLL



“While price adjustments related to the recent pandemic have not yet taken effect, we believe attractive acquisition opportunities will present themselves near term.” - Jay Gaydosh, Senior VP & CFO, NLL



“A number of owners of excellent properties, built post-recession, are now facing expensive brand-mandated property improvement plans (PIP’s), and many will want to sell their properties rather than refinance or infuse large sums of equity. Also, some owners do not have the skills and experience in managing large-scale PIP projects.” - George Pappas, Executive VP, NLL



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COVID Impact on Hotels Has Been Uneven

Jack Moran, President & CEO The pandemic’s impact on the hotel market in California and Arizona has been severe but uneven, according to a new report from CBRE. The report shows, for example, that occ

The Sunbelt Continues to Draw People andCapital

Jack Moran, President & CEO It appears that the pandemic has accelerated the out-migration of people AND capital from the densely populated Northeast region of the U.S. to the lower cost, lower densit

Investment Considerations in Unprecedented Times

The first half of 2020 will go down as one of the most challenging times for American business. There has been much discussion as to the immediate impact of the Hospitality and Lodging Industry – whic

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