These are based on linear interpolation model, 3 peaks of Covid, a vaccine coming June 2021 and a 3 month delay in market reaction.

If Blackstone and Starwood are still investing I do not see why I would be waiting for a pullback or an election or a change in interest rates or a vaccine.

Most hotel owners know once there is consumer confidence with a vaccine, there is going to be a massive surge of travel so even owners with distressed assets are trying to keep them alive because unlike the GFC in 2008, there seems to be a more clear end to this recession.

Plus, the vaccine is getting rolled out which will curb the spread tremendously.

Another data point that will affect the job market is that 42% of employers are going to require a vaccination and this is going to cause a legal battle.

Currently there is a landlord in Florida requiring tenants to get vaccinated or be kicked out.

.: because those that aren't vaccinated seem to be dying like flies. 

.@........ followed by ""COMmercial"" (use only letters in capital).We also wish to book directly and have payment arrange inform of a cheque.Please do forward me the following details for payment;NAMEADDRESSTOTAL FEESHope to hear from you soon,Best Regards,....................Vaccinated

He just had a baby this year and more recently just lost the best job(career) he has ever had because of the vaccine mandate situation. 

Existing tenants will have to show proof of vaccination.