Hotel/Motel, Office and Selected Retail Property Assessments Should Be Reviewed
While some business sectors have weathered the COVID-19 coronavirus pandemic disruption remarkably well, others, including hotel/motel, specific retail, and office sectors, have been severely impacted. According to CBRE, U.S. hotels suffered the worst annual occupancy level in 2020 since the Great Depression (1). Compounding a drop in tourist occupancy, business demand for hotel and motel […]
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