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.