Mother Nature’s wrath can be manifested in any size, shape or form. Whether it be from hurricanes, tornadoes, earthquakes, snowstorms, fires, or floods, the impact of a natural disaster can be immeasurable, and impact the hospitality industry greatly.
Unfortunately, it is oftentimes only after a disaster strikes that management begins to think about a disaster plan. The stakeholders, including management, vacationers, residents, and owners alike, are left thinking “what could we have done differently?”
In this guide, you’ll learn how to create a disaster plan, prepare for business continuity in the event of a disaster, managing the aftermath, and more!
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Real estate professionals and investors will inevitably encounter situations where selling a property becomes necessary. The classification and accounting treatment can significantly impact their financial statements. ASC 360, under US GAAP, requires that long-lived assets be classified as held for sale in the period in which all of the held-for-sale criteria are met. Once all…
The Internal Revenue Service (IRS) has released interim guidance in Notice 2026-16, outlining a major new tax incentive for the manufacturing sector. The guidance implements a 100% special depreciation allowance under IRC §168(n) for certain commercial real property classified as Qualified Production Property (QPP). This provision—enacted as part of the One Big Beautiful Bill Act…
A great hotel stay is not just about clean rooms or friendly service. Guests today want to feel welcome and cared for. Whether they travel for work or fun, they want the stay to feel easy and personal. The best hotels make guests feel comfortable from the moment they arrive until the moment they leave….
