As the leader of one of the largest U.S. hotel REITs, Pebblebrook Hotel Trust CEO Jon Bortz is among many who have felt the grim impact of Coronavirus.
Pebblebrook has temporarily closed 85% of its hotels across the U.S. The domino effect from those closures have forced its operators to furlough most of their employees across Pebblebrook’s entire hotel portfolio.
Bortz, along with several members of the AHLA Executive Board of Directors, went to the White House in March to appeal to the Trump administration for a $150B bailout for the hospitality industry while a stimulus bill was being drafted. The resulting $2 trillion relief package will certainly help the ailing lodging industry, but Bortz thinks more is needed to navigate from survival mode to recovery, which he expects will take longer than initial forecasts predicted.
Join Bisnow, Bortz and hundreds of hotel industry professionals on April 22 at 3pm as we look to provide answers to some of the toughest questions and issues facing the hotel industry today.
Can’t attend live? You should still register! We’ll be sending out the recording to all registrants.
Agenda
How will Government and Fed assistance - like the $2 trillion CARES Act relief package - impact the overall hotel industry? And is it enough?
What does the industry need to move from survival mode into recovery mode?
With Pebblebrook suspending its resort and hotel operations, Bortz will forgo his salary. What other cost-cutting measures could hotel companies take?
As Chair of the AHLA Executive Board of Directors, what initiatives - like Hospitality for Hope - does Bortz think the industry should be aware of and involved with?
Chairman, President & CEO at Pebblebrook Hotel Trust
Jon Bortz has served as Pebblebrook Hotel Trust's Chairman of the Board, President and Chief Executive Officer since our formation in October 2009. Mr. Bortz served as President, Chief Executive Officer and a Trustee of LaSalle Hotel Properties, a...
Eugene "Gene" J.M. Leone is a Partner in the Global M&A Practice Group and a member of the Real Estate Industry Group, based in the Chicago and New York offices. Gene represents some of the most recognizable names in real estate and has a track...