Service Properties Trust (SVC) sent Marriott a payment shortfall notice on 122 hotels, allowing Marriott 10 days to pay the $11m delinquency. If Marriott fails to make payment, SVC will terminate the agreement and transfer the hotels to flag affiliation with Sonesta International Hotels Corp., of which SVC owns 34%. Th ...

The first six months of 2020 have seen dramatic declines in RevPAR, the closure of many hotels, and the furloughing of many hotel employees. Government support has been provided to hotel staff and owners in many countries. Now that the measures are easing, the number of permanent job losses is likely to increase. As th ...

Independent, state-run ecolabels are characterized by transparent criteria and sound third-party verification, as opposed to greenwashing. "Greenwashing" is a collective term for PR strategies of companies to give themselves or their products and services a green, environmentally friendly, sustainable image. It is misl ...

Companies making "green claims" should substantiate these against a standard methodology, to assess their impact on society and the environment.  The European Commission has launched consultation to regulate green claims in marketing and combat "greenwashing" and is targeting the opinion of the general public and key s ...

The 2030 Agenda for Sustainable Development establishes 17 goals adopted by UN member states as the action plan to achieve sustainable development. Each country must establish its action plan on implementing the UN SDGs and the integration of sustainable development in policymaking at the national level. Environmental, ...

A project stakeholder is any individual or group that can affect, be affected by or believe to be affected by a project during its life cycle and/or its output and can influence its success. A development project has multiple stakeholders with varied and often conflicting interests. A project participant is any person ...

US president-elect Joe Biden has promised to reenter the Paris Agreement, ending the US opposition to the UN SDGs under Donald Trump’s presidency. Elected on an ambitious climate platform, Biden promised a $2tn clean energy revolution. He will govern with Kamala Harris as vice president, who as former attorney general ...

Feasibility studies are conducted by developers to analyze and confirm the optimal product to maximize market penetration, performance and the internal rate of return on investment (ROI). They are generally undertaken to provide objective and reliable information for the decision whether or not to pursue the projects. ...

Investors in hotel property own the site and building as well as the hotel FF&E and OS&E. The owners of the hotel businesses are the hotel owners, who occupy and use the hotel properties and profit from their operation. The degree of management and control they desire over the management and operation of the pr ...

This article explores how circular procurement of equipment adds value to all parties along the supply chain. The circular economy offers opportunities to manufacturers, dealers, resellers, authorized third-party refurbishment companies, service companies, and rental and leasing companies. Furniture, fixtures, and equi ...

The review of the year 2018 and outlook 2019 discusses topics ranging from public sector borrowers, financial institutions, securitization, corporate debt, equity capital markets, emerging markets, and derivatioves. Its themes for 2019 include Brexit, the end of QE, Europe versus the populists, sustainable finance, ban ...

Fed flexibility on balance sheet normalization could have far-reaching consequences. Tech stock valuations suggest fears that trade war is morphing into tech war.  A more dovish Fed spells respite for highly indebted EM borrowers.  There has been unprecedented growth in green syndicated lending – not just green bonds – ...

The EU budgets for 2021-27 aim to boost recovery from the COVID-19 crisis and advance EU societal objectives, including the European Green Deal.  The €1.8 trillion package reflects a 30% climate target on all EU spending, the EU 2030 emissions reduction target, halving the Just Transition Fund (JTF).  It turns the Euro ...

Sustainability and digital processes are the future for 74% of the responding surveyed hotel investors, owners, leaseholders and developers. While owners of hotel properties are struggling with loss of rent, defaults and the risk that the hotel asset class will be downgraded, going forward investors, owners and operato ...

Sustainability linked loans induce borrower achievement of ambitious, predetermined performance objectives and promote sustainable development.  The borrower’s sustainability performance is measured against sustainability performance targets (SPTs) as set against key performance indicators, external ratings and/or equi ...