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Covid-19 coronavirus: advice for the U.S. hospitality industry

03 апреля 2020

The Covid-19 coronavirus crisis continues to impact the US hospitality industry in dramatic ways. Shelter-in-place orders and non-essential business closures are in effect across the US (and around the globe), domestic and international travel have been severely reduced, along with US hotels revenue and US restaurant sales. 

This alert synthesizes the support available to owners and operators of US hospitality companies in responding to this evolving Covid-19 crisis, including: potential sources of federal relief available to such owners and operators;   US employment law considerations; US tax law considerations; force majeure, material adverse effect, and other affirmative defenses for nonperformance; credit facility and liquidity-related issues; landlord and tenant considerations; and business interruption insurance coverage.