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Craig Ganz, partner at Ballard Spahr in Los Angeles (left) and Chris Payne, partner at Ballard Spahr in Denver. (Courtesy photos) Craig Ganz, partner at Ballard Spahr in Los Angeles (left) and Chris Payne, partner at Ballard Spahr in Denver. (Courtesy photos)

When travel shut down and consumers were forced to shelter in place at the outset of the global pandemic, hospitality took a major hit.

Through takeout service and limiting guests and events at hotels, some businesses were able to survive the last year. However, a startling number of hotels and restaurants were forced to shut their doors for good. As of September 2020, nearly 100,000 restaurants closed permanently in the United States, according to a report published by the National Restaurant Association. Hotels have not fared much better. According to a report published by the American Hotel & Lodging Association, 57,180 U.S. hotels have closed since the beginning of the pandemic.

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