Press Release | Khan Properties Group
After 13 years of dedicated service, Masudur Khan, has withdrawn as a member of Seaside Lodging Hospitality LLC, Doel Hospitality LLC, and City Center Hospitality LLC, which operate the Inn at Seaside, River Inn, and the SaltLine Hotel. Khan will be focusing on new business ventures in real estate development and hospitality as the Founder and CEO of Khan Properties Group.
An award-winning hotelier and developer specializing in the hospitality and multifamily industries since 2009, Khan has grown his portfolio through dedication to providing the highest quality service to the hotel’s guests and developing properties to meet the current and future demands of the hospitality and housing markets. "We are deeply grateful for his skill, heart, and soul that he has put into developing and transforming our Seaside community. Now it's time for him to lead the way with his new ventures" says his current team at Khan Properties Group.
About Khan Properties Group:
Formed in 2020, Khan leads a team of industry experts he has formed to expand into the multifamily development and hospitality markets across the Pacific NW. Khan Properties focuses on a hybrid model of housing and hospitality specializing in renovation and expansion of existing properties as well as new construction projects. Additionally, Khan Properties Group has expanded its real estate portfolio into retail and food & beverage. Khan and his group are exploring partnerships with nationwide companies to further innovate and expand the residential and hospitality offerings in the area. Current projects and ventures include Ocean Crest Resort (Moclips, WA), Gilbert Block (Seaside, OR), and three multifamily developments in Seaside. The Ocean Crest Resort acquisition in Moclips, WA was awarded as a top three finalist for Acquisition of the Year by AHLA at the 2021 American Lodging Investment Summit (ALIS).
The COVID pandemic has impacted virtually every business in every category, but none so much as the hospitality industry. Restaurant owners and lodging operators are facing the most daunting challenge in anyone’s memory, and with many outdoor dining spaces closed for the winter, the forecast is even more uncertain.
My heart breaks every time I see another restaurant or lodging establishment close its doors for good. I think of the jobs that are lost and the dreams that are dashed. I think of the communities that are diminished in so many ways.
The Oregon Restaurant & Lodging Association doesn’t want to see even one more of our members shut down—so we’ve launched a program that comes to the rescue of Oregon restaurant and lodging establishments.
It’s called the COVID Cash Lifeline™, and it’s designed to deliver exactly what our state’s restaurants and lodging establishments need to recover and return to business as usual.
COVID Cash Lifeline™ Part 1: the Easy ERC™
The Employee Retention Credit (ERC) is a federal initiative designed to help entrepreneurs. Eligible businesses retroactively qualify for up to $26,000 per W-2 employee and will need to prepare and file amended Form 941s.
Sound complicated? Most small business owners think so—which is why less than 25 percent of eligible businesses have filed for the potentially hundreds of thousands of dollars in COVID relief for which they qualify.
And it doesn’t help that some of the CPAs who work for restaurant and lodging operators are unaware of the ERC or don’t understand the eligibility requirements.
The Easy ERCTM is the answer.
With the Easy ERCTM, busy business owners can turn to our COVID Cash Lifeline™ partner Adesso Capital to file for their ERC funds.
Adesso’s team of tax experts can estimate how much ERC money a restaurant or lodging operator qualifies for with a ten-minute phone call to our COVID Cash Lifeline™ ERC Support Center at 888.856.0630.
Then the Adesso team handles the entire complex and time-consuming filing process. They take care of all the ERC paperwork while business owners focus on running their establishments. Then Adesso monitors the progress of the filing until the owner receives their funds.
Adesso has helped thousands of restaurants and small businesses across the U.S. secure tens of millions in ERC funding, with an average of $125,000 in ERC assistance per filing.
What kind of difference would a cash infusion of $125,000 make for a struggling restaurant or lodging establishment?
COVID Cash Lifeline™ Part 2: Immediate Cash
Financing is so hard to come by for restaurant and lodging operators. Big banks turn down 75 percent of loan applications for small businesses. And even those entrepreneurs fortunate enough to get financing have to wait. And wait.
Now the wait is over.
Working with Adesso Capital, Oregon restaurant and lodging operators can get the cash they need in as little as two days. Adesso Capital offers innovative business financing options and preferred rates from its network of lending partners.
And while restaurant and lodging operators await the receipt of their ERC funds, they can get a head start on that money with an ERC advance loan. Business owners can borrow against their anticipated ERC relief funds and put their money to work right away.
COVID Cash Lifeline™ Part 3: Concierge Treatment
I can’t think of anyone who works harder than a restaurant or lodging operator. They’re at it 24 hours a day, seven days a week ensuring our favorite dish tastes just the way we like it, our evenings out are magical, and our overnight stays hit the mark.
It’s payback time.
Our COVID Cash Lifeline™ gives these hard-working entrepreneurs the personal attention and responsive service they can’t get from big banks or traditional lenders. The tax experts and lending professionals at Adesso Capital will show them the four-star service they deserve but so rarely receive.
Our Commitment to Oregon Restaurant and Lodging Operators
Every restaurant and lodging operator is a hero of mine.
It’s time these hard-working folks had a hero of their own, and our COVID Cash Lifeline™ is a good place to start.
We’re going to keep at it so we can ensure that Oregon’s restaurant and lodging establishments come through the pandemic and come back stronger than ever. | Jason Brandt, President & CEO, Oregon Restaurant & Lodging Association
COVID Cash Lifeline™ and Easy ERCTM are trademarked by Adesso Capital. AdessoCapital.com/ORLA
The Oregon Health Authority (OHA) announced today Oregon will remove general mask requirements for indoor public places no later than March 31. This would include restaurant customers and employees.
OHA shared in a release, "By late March, health scientists expect that about 400 or fewer Oregonians would be hospitalized with COVID-19, the level of hospitalizations the state experienced before the Omicron variant began to spread. Mask requirements for schools will be lifted on March 31."
State health officials say Oregon "needs to keep mask requirements in place for now as COVID-19 hospitalizations crest and Oregon’s health care system strains to treat high numbers of severely ill patients."
Officials at OHA also filed a permanent rule requiring masks indoors in public places. This new rule replaces a temporary rule that expires tomorrow, February 8. As a reminder, the filing of a permanent rule was the only way health officials could extend the current temporary mask rule past its expiration date and until mask rules would no longer be needed to reduce transmission of COVID-19 and prevent the Omicron crisis from further overwhelming Oregon’s health care system.
For questions or for more information, contact your Regional Representative.