COVID-19 credit crunch could shrink hotel pipeline
The sun sets over the Hyatt Centric hotel at One Beale Aug. 7, 2020. Construction continues for the project despite the concerns from the coronavirus-plagued economy that many similar projects are facing. (Patrick Lantrip/Daily Memphian)
Some experts expect fewer hotels to be built in Memphis over next couple years because of tight credit market for projects with no clear path for recovery from COVID-19.
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hotel and lodging industry travel and tourism industry credit shortage Hotel Development Chuck Pinkowski American Hotel and Lodging Association One Beale The Walk on Union Downtown Memphis Commission Loews Convention Center HotelWayne Risher
Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.
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