Embattled hotel owners are looking for a $10 billion cut of the federal bailout package, after the government’s paycheck lifeline program dried up within a matter of days. Industry groups representing more than 55,000 hotels across the country asked Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell to carve out a special facility from the $600 billion Main Street Lending Program to help cover a year’s worth of securitized mortgage payments. “Many hotels
source https://therealdeal.com/2020/04/17/hotel-industry-wants-10b-stimulus-carveout-to-avert-snowball-effect-of-foreclosures/
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