As the hotel and hospitality industries are hammered by the Carona Virus, associated projects have been significantly impacted. All phases of project inception and execution are impacted. Cash strapped hotel operators are pausing renovation projects, the availability of municipal and county services (e.g. Title Searches and Permitting) have been, in some areas, reduced, and job-site safety concerns impact productivity and client engagement.
Over time, these issues will be resolved and normalcy will return. However, the longer the pandemic related shutdown drags on, the longer the recovery will take.
Read more at: CoStar