Impact of COVID-19 on hotel lease agreements

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Impact of COVID-19 on hotel lease agreements

25 March 2020

The effects of the coronavirus on the global economy cannot yet be foreseen, but the hotel industry is already suffering from mass cancellations and a sharp decline in booking numbers. Many operators are therefore considering temporarily closing hotels or reducing rents in order to at least reduce running costs.

What is the basic situation regarding the closure of hotel operations by the tenant? Can the landlord insist on a duty to operate/pay rent? What are the exceptions?

We give you practical recommendations on how to cope with the current situation and prepare for the future.

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