Released: September 22, 2020

‘Tsunami’ of hotel closures is coming

Source: Hugo Martin - L.A. Times (Paid Registration)

The Luxe Rodeo Drive is the first L.A.-area luxury hotel to go out of business because of the pandemic. An unusually high loan delinquency rate may mean more hotel closures are likely to follow.

Read Full Article: ‘Tsunami’ of hotel closures is coming