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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Jack Moran, President & CEO The combination of business and leisure travel – a new term called “bleisure” – could be a trend that is here to stay. Business travels have slowly, but steadily, have been

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