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7 COVID 5.15

Webcast Series: Hotel Owners & COVID-19

In the wake of the impact of COVID-19 on the hospitality industry, AAHOA is bringing you a series of webcasts that will keep you informed and help determine next steps for your business. AAHOA is making these webcasts available to the industry, so be sure to share with those in your network, whether they're an AAHOA Member or not. 

Here’s what one recent attendee had to say about our COVID-19 webcast series:

"I really appreciate that AAHOA is bringing industry leaders who are providing feedback in dealing with these matters and can speak to their experiences. Their candid and straightforward responses are what is needed in these times of unknown. AAHOA is one of very few trusted sources for me. The fact that you all have quickly provided members information in a concise manner is impressive. I applaud you all for stepping up your initiatives to help us in these times."

AAHOA Chairman Biran Patel on AAHOA's COVID-19 Hotelier's Webcast Series
Biran Webcast Video Slides

Title

Date 

Time 

Description 
Getting Back to Business: Deducting Hotel Renovation Costs for Maximum Tax Reduction
 September 22

11-11:30 a.m. EDT

Presenter: Tony Perricelli, CPA, Senior Manager, Bauknight Pietras & Stormer (BPS)

The CARES Act passed earlier this year included a retroactive adjustment to the tax treatment of improvements and renovations made to existing properties beginning in 2018. Rather than slowly depreciating the cost of improvements over 39 years, many of these costs can be deducted all at once in the year the improvements are completed. Attend this webinar to learn what types of improvements and renovations qualify, strategies to lower your 2020 tax bill, and possible ways to amend prior year returns to gain this benefit.

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Getting Back to Business: How Organizations Mitigate Internal and External Threats
 September 22 3-3:30 p.m. EDT

Presenter: Dr. Michael A. Stone, Management and Programs Analyst, Stakeholder Engagement Division, Cybersecurity and Infrastructure Security Agency 

In addition to potential external threats of violence, all organizations are vulnerable to the threat that insiders may use their access to compromise information, disrupt operations or cause physical harm to employees. When mitigating a threat, organizations are encouraged to establish and maintain a comprehensive insider threat program that protects physical and cyber assets from intentional or unintentional harm. Attend to hear an overview from the Office of Security Programs of several programs and resources available with brief discussions on behavioral indicators, empowering employees, active shooters preparedness, and emergency action plans.

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Getting Back to Business: What’s Next as EIDL, PPP, and Other COVID Relief Programs Are Coming to an End?  September 24  11-11:30 a.m. EDT  Presenter: Paul Darrow, Founder and President, PHD Financial

As occupancy continues to increase, many hoteliers still face financial challenges due to the impacts of COVID-19.  Disaster relief funding programs are coming to an end and Congress is debating next steps. Join us to hear from an industry expert who will discuss if you should restructure or refinance your dept, and what your next steps may be.

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Getting Back to Business: Why Cleaning for Health Matters to Your Hotel Guests (Part 2)

September 24

1-1:30 p.m. EDT 

Presenter: Frank Baldwin, Manager of Business Development, ProTeam

As travel picks up amid COVID-19, hotel guests expect a new standard of clean. Listen to cleaning professionals discuss cleaning trends in the hotel industry and the importance of good indoor air quality for an exceptional guest experience. Learn about common particulates found in hotels, what "Cleaning for Health" means for your guests, and how CDC experts define “clean” and the steps hoteliers can take to achieve those standards.

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Getting Back to Business: Threats and Bombing Prevention – How to Keep Your Hotel Safe September 24  3-3:30 p.m. EDT 

Presenter: Douglas J. DeLancey, CPP, Branch Chief, Counter-IED Strategy, Integration and Communications, Office for Bombing Prevention, DHS

Public health actions, such as social distancing, can make people feel isolated and lonely and can increase stress and anxiety. Everyone reacts differently to stressful situations. Preparation is the key to success, and the key to safety. Improvised explosive devices (IEDs) continue to be a threat to critical infrastructure across the nation, as 2019 saw 2,912 incidents, ranging from bomb threats to devices functioning. Commercial facilities—including hotels and lodging—saw the second-greatest number of incidents across all sectors, amounting to a 119% increase in incidents over 2018 in the sector. With the continued threat of IEDs, it is critical for owners and operators to be effectively prepared. Join the Branch Chief of the Department of Homeland Security’s Office of Bombing Prevention to hear more about real threats to the hotel industry and preventative actions you can take now.

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Getting Back to Business: Strategies for Brand, Independent, and Brand to Independent Hotel Conversions September 29  3-3:30 p.m. EDT 

Presenter: Jeremy Pinkerton, Managing Partner, Anthony Melchiorri Consulting

The current landscape of the hospitality industry requires hotel owners to ensure they are taking advantage of all revenue and cost reduction opportunities. In today’s economic climate, hoteliers are drilling down on expenses and potentially moving away from their brand to an independent hotel. Join us to review maximizing your brand opportunities as well as the due diligence process of converting your property from a brand to an independent hotel.

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Conquering COVID-19 Webcast Series

COVID 9 5.7

Forbes Travel Guide Providing Free Live Webinars for Hospitality Industry

The COVID-19 pandemic has severely impacted hospitality worldwide – resulting in widespread furloughs, layoffs, and closures of businesses across the industry. As an extra resource for hospitality professionals during this time, Forbes Travel Guide is providing complimentary live training webinars and videos to help you continue to prepare for the brighter days ahead.



 
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