Reprinted with permission from ProPublica
In March, as lawmakers raced to put together a massive stimulus package to cope with the pandemic-related shutdowns sweeping the country, a New York company that invests in hotels deployed a Washington lobbyist for the first time. The lobbyist's mission was to secure an exception in the emerging relief program for small businesses so that hotel chains would become eligible.
The company, EOS Investors, had more than 500 employees, putting it above the limit in the original proposal by Sens. Susan Collins (R-ME), and Marco Rubio (R-FL). But if the cap for hotels were set for each location instead of companywide, then EOS could benefit at several of its properties, like the collection of resorts that EOS had recently acquired in Kennebunkport, Maine.