Hotel owners often take out a lot of debt to buy a hotel or build one from scratch. Paying back that debt is a big cost.
“Really, payroll is one huge expense, and the other big expense is your debt service,” said Shaiza Damji, an owner of 360 Degree Hotel Group , which runs six hotels in Washington state near the Canadian border.
Damji said paying back her debt is getting harder. The Canadian border is closed to nonessential travel , and tourism revenue is drying up.
Other things to check out:
Haüskey launches industry leading Digital Condo Assignment Marketplace | Business Wire
"We are proud to launch the first digital condo assignment marketplace and centralize the highly demanded Assignment Business," said Neel Kawale, CEO and Founder of Haüskey. "Haüskey's Condo Assignment Marketplace simplifies the Assignment sale transaction for all parties involved with the added incentive of buyers receiving Haüskey's signature cash back commission rebates."
Haüskey's Condo Assignment Marketplace allows consumers, agents and prospective buyers to list and purchase condo assignments remotely and securely through Haüskey's Digital Platform. Clients can list properties on the platform, accept offers and buyers can make secure bids through the platform, removing the typical home buying process which includes physical presentations and face-to-face meetings.
City, Grace Marketplace to close homeless encampment by Monday | Covid-19 | alligator.org
Grethel is Metro Editor and an Arabic and journalism junior at UF. She also speaks Spanish and Arabic.
Shopportunist: Navigate the Facebook Marketplace to buy, sell
Online garage sale pages and buy-and-sell groups started surfacing many years ago but Facebook officially streamlined the social media swap meet movement in 2016 when it introduced Marketplace.
So often I come upon some treasure, promptly type a terse, “Is this still available” and wait. Seconds later, a ding and then disappointment: “You’re second in line,” “Someone is on their way” or “It just sold.” Late, once again.
Not to change the topic here:
Airbnb begins process to go public - Marketplace
Airbnb became one of the most valuable startups ever and became profitable for a couple of years before going into the red last year.
Erik Gordon: So, [that 2012 law] gave little companies a chance to test the water, keep things secret until almost the last minute when they decide to really go forward. I think all of the benefits are on the side of the companies, not the investors.
David Brancaccio: All right, Airbnb, now, during a pandemic. But maybe it’s not so weird. I was just looking, if you’re trying to find a vacation rental here in the last week of August coming up in the East, at least, it’s pretty booked up. Airbnb is actually having a bit of a boom.
Apple reaches $2 trillion market value as tech fortunes soar - Marketplace
The iPhone maker reached the $2 trillion milestone in Wednesday's early stock market trading when its shares surpassed $467.77.
The stock later backtracked to close at $462.83, but it didn't diminish a remarkable achievement that came just two years after Apple became the first U.S. company with a $1 trillion market value. It comes amid a devastating pandemic that has shoved the economy into a deep recession and caused unemployment rates to soar to the worst levels since the Great Depression nearly a century ago.
The last days of work at a bar that is going to shut down - Marketplace
Last month, there were 2.6 million fewer people employed in bars and restaurants than there were in February. But as small businesses struggle to survive the pandemic, more of those job losses are becoming permanent.
"We're going to try to hold out until the end of this week and then call it quits," Wight told Marketplace. "We decided to make that call before the money ran out completely."
Back in February, we profiled bartender Neil Cairns, one of their employees, as part of a series about the American labor force called the United States of Work .
Hopatcong Marketplace - August 22nd features "Superheroes & TV Characters"
The Hopatcong marketplace continues to exceed everyone's expectations as they had 41 Vendors last week and heavy traffic through the marketplace.
First of all, the Marketplace was heavily Traveled by the residents of the entire Hopatcong Lake Community as the only Farmer's Market produce, fruit and Local Businesses, and Crafters.
Second, the Marketplace official Mascot was represented and was inspecting the job that the DEP did on mowing the lawn as he marched along the fence line, it seemed that he found several areas of grass line that was in to be need to be nibbled to ensure an even look.
Happening on Twitter
@realDonaldTrump You're a liar. Here's video I found of Eric Trump saying "I've been to China many times—I love Chi… https://t.co/QL0G4uFPLM funder Thu Aug 20 13:18:32 +0000 2020
Once again we have caught out the Home Office. There are many other hotels in non-major city locations. Please… https://t.co/1mf925eAHE Nigel_Farage Sun Aug 16 16:45:55 +0000 2020
Now show us the checks for many, many times that that the government has made out to your golf clubs, hotels, and o… https://t.co/6vOAq4Wv8u chrisgeidner (from DC, he/him) Sat Aug 15 15:53:37 +0000 2020
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