Whether privately owned, leased, managed, or franchised, the COVID-19 pandemic has had such a devastating impact on the hotel sector that few are making money. Matthew Pohlman, who acts on behalf of a number of multinational hotel operators, investors, developers and private equity firms in the Europe, the Middle East and Africa region as a partner in Goodwin's Real Estate group, said hotel operators operating under leases with a significant fixed-rent component would welcome a shift to turnover-based leases in the current environment. Read the S&P Global Market Intelligence article here.