NYC Real Estate Icons Like Cipriani Struggle As Omicron Surges
Real Estate partner Neil Shapiro was quoted in Bloomberg discussing the prolonged recovery of hospitality in the face of omicron as we come to the end of 2021.
Neil said, "All of the hotels that were hoping for a big December after a bad 18 months are not going to get the Christmas presents that they necessarily hoped for. Once you have an empty hotel room, you never get that back."
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