Even with more intensive cleaning, the less-contact approach to combating the virus may lower hotel costs, the executives said, especially if front desk staff is reduced in favor of cell phone check-in procedures.
"If the flaring pandemic causes further slowing in states reopening and reinstituting lockdowns, that would present a headwind to the recovery," according to the chief economist for JLL.
The frequency of senior housing M&As and deal values were down in Q2, according to public data collected by Irving Levin Associates. The publisher also noted M&A deals may continue to falter before it rebounds.
The suburbs around the windy city are well positioned to meet the changing needs of tenants, landlords and businesses in the wake of the COVID-19 pandemic.