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Amy Patterson

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Amy Patterson

Partner

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16 June 2020

Amy Patterson writes for Hotel Owner on the key CVA challenges facing the hotel sector

  • QUICK READ

In a sector that has been one of the most significantly impacted by the economic effects of COVID-19, how hotels emerge from lockdown is, understandably, at the forefront of all stakeholders' minds.

While hotels are able to reopen from 4 July, the question of how quickly they are able to return to profitability given the myriad of operational issues that they will face is vexed. For some, a degree of financial restructuring will be inevitable. One (of many) options, certainly for leased hotel structures, may be the implementation of a company voluntary arrangement (CVA). But do they leave landlord creditors worse off?

Read the full article first published in Hotel Owner on 15 June 2020.

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