by: Tam Ging Wien
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The unprecedented worldwide COVID-19 pandemic had delt a heavy blow to the U.S. hospitality sector. Stringent lockdowns, movement controls restrictions, and boarder closures all led to rapid deterioration of the business environment and the worse hospitality sector downturn in history.
ARA US Hospitality Trust (“ARA H-Trust”) released its full year FY2020 results last week, it was clear that the trust had not been spared from the pandemic....
