Commentary

Unfortunately, this much-needed announcement has been marred by a departure from standard language, causing tax and legal professionals to debate the nature of the relief that the Notice granted.

Because of devastating hurricanes, Florida hoteliers have experience in navigating massive drops in demand and extended recovery periods.

"We fully expect plaintiffs to try to make out a Labor Law 200 or 241(6) violation against owners and general contractors should a worker contract coronavirus and develop significant complications resulting in a prolonged period of unemployment."

Since the COVID-19 concerns took root in the US and over the past three weeks, SRS' National Net Lease Group has had more than $200 million of new deals placed under agreement over this time frame.

As the COVID-19 pandemic nears its one-month mark, it's a good time to take a critical look at your strategy.

A commercial purchaser should incorporate in the contract's risk of loss clause the specific consequences of a pandemic.

While a rumored extension seems likely, investors should take a conservative approach and proceed as if no extension will be granted, with the understanding that they may get lucky.

Q1 2020 transactions totaled $1.97 billion and included approximately 7,600 hotel rooms with an average sale price per room of $259,000.