Here's everything we know about Monty Bennett, the Trump megadonor whose hotel conglomerate got the most in coronavirus bailout loans
A group of companies controlled by Monty Bennett received at least $58 million in loans under the Paycheck Protection Program, the most of any recipient. While some public companies have returned their PPP funds following backlash, Bennett's companies have announced they would be keeping the money. "Without the PPP program, no other programs exist to help larger hotel ownership companies survive the crisis and bring their employees back to work. We believe it is just as important to bring employees back to work at larger companies like AHT and BHR as it is at smaller companies," Bennett's companies wrote in a statement posted to Ashford Hospitality Trust's website on Saturday. Here's everything else we know. Visit Business Insider's homepage for more stories . Backlash has grown over the last week as news has broken that major public companies including Shake Shack and Ruth's Chris Steak House received and later returned millions of dollars under the Paycheck Protection Program. But the biggest overall recipient of funds under the program has been a group of hotel companies controlled by Monty Bennett, which together received at least $58 million in loans.
Here's everything we know about Monty Bennett, the Trump megadonor whose hotel conglomerate got the most in coronavirus bailout loans
A group of companies controlled by Monty Bennett received at least $58 million in loans under the Paycheck Protection Program, the most of any recipient. While some public companies have returned their PPP funds following backlash, Bennett's companies have announced they would be keeping the money. "Without the PPP program, no other programs exist to help larger hotel ownership companies survive the crisis and bring their employees back to work. We believe it is just as important to bring employees back to work at larger companies like AHT and BHR as it is at smaller companies," Bennett's companies wrote in a statement posted to Ashford Hospitality Trust's website on Saturday. Here's everything else we know. Visit Business Insider's homepage for more stories . Backlash has grown over the last week as news has broken that major public companies including Shake Shack and Ruth's Chris Steak House received and later returned millions of dollars under the Paycheck Protection Program. But the biggest overall recipient of funds under the program has been a group of hotel companies controlled by Monty Bennett, which together received at least $58 million in loans.