The hospitality sector is experiencing a comeback after Covid-19 caused steep declines in revenue.
But as travel demand picks up, some hotels find they are in a tight spot. Having exhausted their reserves during the pandemic, there is little left to cover the bills, let alone invest in upgrades.
“Out of crisis comes opportunity,” said Mit Shah, founder and CEO of Noble Investment Group, a company that builds and buys hotels. Since March 2021, it has acquired $2 billion in assets.
Listen…
