As a hotel industry, we have faced—and overcome—incredibly challenging times before. United with owners and our trade associations, we will come out of this stronger than ever.
To better serve all hotel owners, we’ve compiled these helpful resources on COVID-19.
Last updated on 1/11/2021.
It’s important to stay informed as the landscape surrounding the Coronavirus may change rapidly. We recommend you follow:
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Please click here for an overview of the changes to PPP pursuant to the Act, updated today with the latest links and guidance available. As a reminder, applicants in the hotel industry may receive a maximum loan amount of 3.5 times their average monthly payroll costs (vs. 2.5 times for most other industries), with the total loan amount capped at $2 million.
Please refer to our previous guides on the CARES Act here.
Wyndham hosted a CARES Act webinar on April 3, which you can watch here.
View our side-by-side comparison of the PPP and EIDL loans to help you determine if one or both are right for you. While the current guidance is that it is possible to apply for and receive both a PPP loan and an EIDL loan, they cannot be used to cover the same expenses.
Best practices for PPP loan forgiveness: Once you’ve been approved for a PPP loan, read this document for some helpful tips and suggestions on properly allocating and tracking your expenses to position yourself for the maximum amount of forgiveness under the program.
Here is a brief video on the Paycheck Protection Program (PPP).
If you’re interested in learning more about the PPP and EIDL loan processes, including what to expect after you’ve applied for the loans, we recommend listening to this webinar hosted by the law firm Seyfarth Shaw.
In early May, the Federal Reserve will launch a $600B program to support lending to small and medium-sized businesses. For Wyndham’s summary of the MSLP, including eligibility criteria and program terms, click here.
We offer suggestions on how to approach this situation in the checklist below, which compiles tips from the Centers for Disease Control and Prevention (CDC) and World Health Organization (WHO), but please review any local requirements or recommendations from health authorities before enacting any measures for handling encounters with potentially infected persons.
We understand one of your biggest priorities is the health and safety of your employees. Click here for guidance provided by the American Hotel & Lodging Association (AHLA).
For resources about Coronavirus and what cleaning products are suggested for use by the Environmental Protection Agency (EPA) visit the Ecolab COVID-19 Resource Library here.
Please check out both upcoming AAHOA COVID-19 webinars (open to all hoteliers) as well as past recordings on the AAHOA website
Please check out the following past AHLA COVID-19 webinars: