WASHINGTON—U.S. hotels can benefit from an update to the Paycheck Protection Program (PPP). Following months of collaboration with the American Hotel & Lodging Association and hotel owners across the country, the Small Business Administration (SBA) issued new PPP eligibility guidelines. The update clarifies that hotel owners who used third-party management companies and participated in PPP are eligible for loan forgiveness for payroll expenses they paid via a management company. The changes SBA announced will ensure […]

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