In an industry as volatile as hospitality, and especially in the context of hotel management, financial difficulties are often an unavoidable reality. With the advent of global crises, changing market dynamics, or simply ill-fated ventures, many hotel assets eventually find themselves in a state of distress. How leaders respond to these situations can greatly influence the trajectory of the asset’s recovery or further decline. The distressed hotel assets situation requires strategic leadership, showcasing a blend of financial acuity, negotiation skills, and the ability to motivate and manage human resources effectively.
