Why Hilton and Other Hotels May Not Like This Joe Biden Tax Proposal

Hennem08  / Wikimedia

The 1031 exchange is a popular real estate investor tool used to defer taxes on the sales of hotels like the Waldorf Astoria (pictured) by trading up for new ones. Hennem08 / Wikimedia

Skift Take: The so-called 1031 exchanges are tax deferrals on profitable real estate that, at face value, seem like a no-brainer to repeal and generate revenue. But the coronavirus pandemic’s negative impact on hotel building values should cause Washington to reconsider eliminating the provision.

— Cameron Sperance

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Wyndham Plans to Woo Independent Hoteliers Closer to When the Bills Come Due

Wyndham Hotels & Resorts

Wyndham executives expect a wave of new franchise agreements to come later this year, as independent hotel lenders look to position assets for stronger brand awareness. Wyndham Hotels & Resorts

Skift Take: Wyndham isn’t hiding its plan to capitalize on distressed independent hotels and add them to the brand portfolio, but the hotel company can’t ignore the problem of rising coronavirus cases in markets that led the U.S. into a travel recovery.

— Cameron Sperance

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Wyndham Destinations Looks to Put Millennials Into Urban Timeshares

Wyndham Destinations

Wyndham Destinations continues an urban push with a new timeshare resort slated for Atlanta (rendering above). Wyndham Destinations

Skift Take: Wyndham Destinations’ ongoing urban push, including a new resort slated for Atlanta, is out to prove this travel sector isn’t like your grandparents’ old timeshare in the Bahamas.

— Cameron Sperance

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