Illinois hotel industry asking for federal bailout funding, warns hotels could close

  • 📰 fox32news
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Illinois Hotel and Lodging Association is asking for a bailout or else they're warning there could be no vacancies at all, and hotels would close.

They are asking state officials to allocate $250 million in federal rescue plan money to the hotel industry.was the worst performing hotel market of any city in the US with occupancy just around 25-percent.

FOX 32 spoke with the CEO of Sable at Navy Pier Bob Habeeb, who would like to hire Chicagoans. But right now they can only accommodate 100 employees — when they essentially could hire 400."If you think of it in the human sense, it's like if you haven't been working for two years, we've dug ourselves into a financial hole and just being normal won't be enough for us to make measurable improvement on the hole we've dug ourselves into," Habeeb said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 547. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ask the Association to pressure resignations of Lightfoot & Pritzker.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines