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Hotel REITS Feel the Pinch as Groups Cancel Rooms Over Coronavirus Fears

Performance Projections for the Year Take a Hit
The owner of Gaylord Texan Resort & Convention Center in Grapevine, Texas, has reported group cancellations across its hotel properties over coronavirus fears. (CoStar)
The owner of Gaylord Texan Resort & Convention Center in Grapevine, Texas, has reported group cancellations across its hotel properties over coronavirus fears. (CoStar)
CoStar News
March 10, 2020 | 9:39 P.M.

Hospitality real estate investment trusts are starting to say just how rough their balance sheets are looking as industry groups cancel and delay meetings and conventions over coronavirus fears.

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News | Hotel REITS Feel the Pinch as Groups Cancel Rooms Over Coronavirus Fears