The Asian American Hotel Owners Association (AAHOA) announced today that it has already secured a record level of booth sales for the Trade Show at AAHOACON23, April 11-14, 2023, making it the largest in AAHOA history.
America’s hoteliers welcomed the Small Business Administration’s (SBA) announcement of a much-needed expansion of the Economic Injury Disaster Loan (EIDL) program that will provide small business owners with additional resources as the Covid-19 pandemic continues to hinder the nation’s economic recovery.
AAHOA Statement on Murder of Vernon Motel Owner Zeshan Chaudhry
AAHOA, the nation’s largest hotel owners association, applauded President Biden signing the American Rescue Plan (ARP) into law. The $1.9 trillion stimulus package funds several key initiatives such as increased testing, vaccination, and vital economic assistance that will support an expedited recovery for the hospitality industry.
AAHOA President & CEO Cecil P. Staton issued the following statement today following the inauguration of President Joseph Biden as the 46th President of the United States:
Extraordinary Engagement Smashes Goal in Under 24 Hours
AAHOA President & CEO Cecil P. Staton issued the following statement in response to the murder of hotel owner Yogesh Patel of Cleveland, Miss.
AAHOA President & CEO Cecil P. Staton issued the following statement in response to the introduction of the Helping Open Properties Endeavor (HOPE) Act of 2020, a bill to provide relief to small businesses, like hotels, who hold commercial mortgage-backed security (CMBS) loans.
In a letter to Congressional leadership, AAHOA highlighted the unique challenges facing hotel owners, from the liquidity crisis that has plagued the industry since pandemic’s start to the limitations and complications hoteliers encountered while attempting to seek relief from earlier stimulus efforts such as the Paycheck Protection Program (PPP).
AAHOA expressed optimism for the prospect of relief for borrowers with Commercial Mortgage-Backed Security (CMBS) loans after nearly 100 Members of Congress sent a bipartisan letter to Treasury Secretary Steve Mnuchin and Federal Reserve Chairman Jerome Powell asking them to create a relief fund for CMBS borrowers and to use their authority to grant broad assistance to the commercial real estate sector.