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Meet the Money® 2014

ADA defense and compliance

EB-5 financing

Workouts, bankruptcies & receiverships

Hotel Management Agreements

Hotel Franchise & License Agreements

Hotel industry trends

This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer. Please contact me at Jim Butler at jbutler@jmbm.com or 310.201.3526.

Published on:

07 May 2015

Meet the Money® 2015 – Information, deals, reflection, and celebration
Conference presentations now available

JMBM’s Meet the Money® 2015, held at the Sheraton LAX in Los Angeles, wrapped up its 25th national hotel finance and investment conference this week. The hotel lawyers in JMBM’s Global Hospitality Group were fortunate to celebrate such a significant milestone (25 years!) at a time when the hotel industry is breaking all-time records – RevPar, Occupancy, Rooms Sold, Room Revenue, Transaction Value, you name it.

Hotel fundamentals are strong, interest rates rate are low, demand is strong, and hotel investors are happy! There was general consensus that the good times will continue for at least another year or two, and some think it could last even longer. It was truly a great pleasure to hear about all of the profitable and creative deals that are going on.

While everyone acknowledged that it’s a great time to be in the hotel industry, there was plenty of healthy reflection about lessons learned from the Great Recession as well as discussion about preparing for the inevitable downside of the current cycle.  Our speakers – a Who’s Who of the hotel world – represented an experienced and disciplined approach to hotel finance and investment.

You can read more about the conference in the column written by Stefani C. O’Connor in Hotel Business: With Eye to Horizon, Industry Optimism Remains at Meet the Money Conference.

Select Presentations Now Available for Free Download

We are pleased to share with you some of the presentations from the conference. To view a list of presentations, go to Hotel Industry Presentations on HotelLawyer.com.

Individual presentations include:

2015 LIIC Top Ten. Mike Cahill, CEO and Founder of Hospitality Real Estate Advisors (HREC), compiles the annual Lodging Industry  Investment Counsel (LIIC) Top Ten, which reveals the challenges and investment trends identified through an annual survey of LIIC members.

Hotel Sector Update and Forecast. Mark Woodworth, President, PKF Hospitality Research. At Meet the Money® – JMBM’s national hotel finance and investment conference – Mark says that (1) there are no threats from the factors that historically have brought an end to the good times, (2) the fundamentals are solid across the vast majority of markets, (3) elevated industry growth will persist comfortably through 2016 and likely beyond, and more…

Hotel Industry Trends and Predictions. Stephen Rushmore, Jr., CEO and President, HVS. Stephen Rushmore uses industry numbers to predict that (1) supply and demand will be in equilibrium towards the latter part of 2016 or early 2017 for the USA, (2) hotel values are beginning to taper, (3) west coast markets to show the greatest value increase through 2019, (4) 40% of markets won’t appreciate above anticipated inflation over next four years, and more . . .

US Hotel Industry Performance – What Lies Ahead. Vail Brown, Vice President, Global Business Development & Marketing, STR. Vail begins her presentation at Meet the Money® with some eye-popping industry records, then covers supply progress, occupancy acceleration, customer mix and revenue growth. She says we are now “walking on sunshine” . . . See why.

California Hotel Perspective. Alan Reay, President, Atlas Hospitality Group presented an overview of California Hotel transactions and makes some fascinating comparisons — and distinctions — between 2006 and 2014 hotel transactions. He provides information on specific transactions and gives us his 2015 forecasts for sales, median price per room and hotel development. Look at the sales at prices per room over $1 million!

Hotel values and cap rates. Suzanne Mellen, Senior Managing Director, HVS. In this presentation made at Meet the Money®, Suzanne explains the current ideal conditions for a strong year of hotel transactions, and why the market is on track for transaction activity that will be stronger than 2014 and higher than the peak of 2006. See why she expects values to peak within the next two to three years, and see what role cap rates and values play in hotel transactions.

Economic Outlook — Europe, China, the Dollar, Marriage, Inequality and Rent (and what they might mean for real estate). Richard Green, Chair, Lusk Center for Real Estate, University of Southern California.  Economist Richard Green explains the miracle of the Euro, why we should be bullish on China and worried about the dollar’s effect on the US economy, and how education and marriage affect the future of housing and retail. He wonders what all of this and income inequality means for the hotel industry – more travel or less? More luxury or economy hotels and fewer in between? Interesting as always!

If you were unable to attend the conference, you can go to MeetTheMoney.com to view the agenda, and the impressive list of sponsors and speakers. We hope you will join us next year!

Dates for Meet the Money 2016®: Mark your calendars now for the 2016 Meet the Money® national hotel finance and investment conference: May 2-4, 2016 in Los Angeles.


This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We’ve done more than $68 billion of hotel transactions and have developed innovative solutions to unlock value from hotels. Who’s your hotel lawyer?


Our Perspective. We represent hotel owners, developers and investors. We have helped our clients find business and legal solutions for more than $68 billion of hotel transactions, involving more than 1,500 properties all over the world. For more information, please contact Jim Butler at jbutler@jmbm.com or +1 (310) 201-3526.

Jim Butler is a founding partner of JMBM, and Chairman of its Global Hospitality Group® and Chinese Investment Group™. Jim is one of the top hospitality attorneys in the world. GOOGLE “hotel lawyer” and you will see why. Jim and his team are more than “just” great hotel lawyers. They are also hospitality consultants and business advisors. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them.

Published on:

05 May 2015

The 2015 LIIC Top Ten: Hotel Investors Bask in Rare & Glorious Sunshine

Each year at Meet the Money® – the national hotel finance and investment conference, Mike Cahill announces the “LIIC Top Ten” – a profile of investment sentiment and attitudes for the hotel industry that is gathered through an annual survey of the Lodging Industry Investment Council (LIIC). LIIC is the hotel industry think tank whose members own or operate billions of dollars of hotel investments and involves all aspects of the industry. In fact, 60% of LIIC hotel owners successfully purchased a hotel in the last 12 months, and 47% currently have additional acquisitions under a purchase and sale contract.

Along with Mike Cahill of Hospitality Real Estate Advisors (HREC) and Sean Hennessey of Lodging Investment Advisors, I am pleased to be one of the co-chairs of LIIC. I am grateful to Mike Cahill for analyzing the survey results which result in the annual LIIC Top Ten.

Mike reported that the 2015 survey resulted in the most positive outlook of the hotel industry for the foreseeable future, since the LIIC surveys began!  Yes, there are concerns – the interest rate environment, the strength of the dollar, new supply among others – but for now, expectations are being met or exceeded, and LIIC members expect more of the same in the near future.

Appropriately titled, “Carpe Diem: Hotel Investors Bask in Rare & Glorious Sunshine,” you can click here to see Mike’s presentation. You will find it interesting. CONTINUE READING →

Published on:

28 April 2015

Meet the Money® 2015 Spotlight

Rich Clark, Managing Director of Arthur J. Gallagher & Co.

Rich Clark, Managing Director of Arthur J. Gallagher & Co.

The Hotel Law Blog is highlighting some of our Meet the Money® 2015 sponsors as the national hotel finance and investment conference approaches. In the Q&A below,, describes how the risk management company approaches the unique needs of hospitality companies.

You can hear from Rich and 100 other speakers at Meet the Money® 2015, coming up May 4-6 in Los Angeles. The window of opportunity for hotel deals and development is wide open, and the 25th year of our conference will help you make the right choices and meet the right people to add value to your deals in 2015 and beyond. Register now at www.MeetTheMoney.com.


Jim Butler: Tell us a little bit about yourself. Where are you from? How did you get into the insurance business and hospitality. When did you join AJ Gallagher and come to your present position? What are responsibilities at AJ Gallagher now?

Rich Clark: I am originally from Nashville, Tennessee, and started in the insurance business out of college as an underwriter with an insurance carrier. I moved to the broker side five years later to a firm in Memphis, and moved to Houston in 1985 with a national broker. Two years later, with a group of guys from New York, I opened a new brokerage firm with offices in New York, Hartford, Irvine and Houston. We sold this company to Arthur J. Gallagher in 2001, which is when I joined.

I began specializing exclusively in hospitality in 1992—three of my hospitality clients have been with me for more than 20 years. In late 2001, we launched the Real Estate and Hospitality practice for Gallagher. We later decided to create a separate hospitality practice due to the big differences in hospitality from the other asset classes within real estate. I am the National Practice Leader for Gallagher Hospitality, and a part of the newly formed Global Hospitality Practice. I remain involved in the real estate practice, and am also a Regional Director for the Gallagher Property Insurance Practice.

Jim: Tell us about some of your current or recent engagements. Who are you working with and what are you doing? How are you and your team spending your time?

Rich: We have been successful in developing insurance and risk management solutions for hotel REITS and funds that are extremely active in acquiring assets right now. We also focus on management companies and have some proprietary products for property crime and cyber.

AJG Hospitality provides coverage for approximately 6,000 hotels and 800,000 rooms. These include Ownership and Management groups. We have a dedicated team that focuses exclusively on hospitality, and training programs to enhance loss prevention and hospitality-specific claim advocacy. We do a lot of contract reviews of insurance provisions for refinancing and acquisitions. We’re also very active in the resort space.

Jim: What new initiatives are you excited about for your company in 2015? Have you developed any new products that owners and operators should know about? Anything new for developers?

Rich: In response to recent, high-profile data breaches in the hospitality industry, we have developed a cyber security product for owners who do not manage their properties — REITS and funds specifically. They can be assured that they are protected regardless of what coverage the management company does or does not carry. We have a proprietary property Insurance program for the small to middle-size owners and operators, which provides much broader coverage and better pricing than they could obtain elsewhere. We also have many enhancements in our property form, including PIP upgrades and code issues, and loss of revenue due to events like oil spills, workplace violence, and infectious diseases.

We place coverage for a number of construction wrap placements for developers that covers all parties involved in a project, including the general contractor. developer and subs, in one Insurance placement. Coverage is broader and the cost is less than purchasing through the various contractors involved, and construction defects are covered as well.

We also have a political risk/terrorism product that provides business interruption coverage for hotels within a specific radius of a covered event–the Boston Marathon bombing, for example. Practically all of the current products, including TRIA, require damage to the hotel for any coverage to apply. This is a unique Gallagher Hospitality exclusive product.

Jim: Any tips you have for hoteliers in as they plan for the future? Either traps people are falling into or opportunities missed? Any problems you have solutions for?

Rich: Cyber security is now on the radar screen. There are no standard products, so hoteliers need to choose a broker that is experienced in hospitality–particularly in the cyber security area–and make sure they are getting the right product.

Legionella and mold are also areas where we have seen some large claim activity. We have specific coverage solutions for those areas. We partner with carriers and underwriters that understand the hospitality space, and we’re able to get a good claim result even if there is a gray area involving coverage. Our claim team has many years of experience dealing with claims from major storms and mold to employment practices, carbon monoxide, legionella and construction defects. We have relationships with remediation contractors, construction consultants, adjusters and coverage attorneys to get the best claim result possible.

Jim: Your company was recognized this year by Forbes as one of America’s Best Employers and by Ethisphere as one of the World’s Most Ethical Companies. How does your company’s culture affect the way you do business?

Rich: The Gallagher Way is a book written by Bob Gallagher, former Chairman of Arthur J. Gallagher. The principles by which we operate are described in-depth in the book, and they drive everything we do. The culture at Gallagher is unique in the insurance brokerage industry and is a constant focus for us. This is our 4th year for the Ethical Company award and our first Forbes award. We are extremely proud of those, and we all work hard to ensure the standards required by both of those organizations are upheld. Our culture is what sets us apart from our competitors, along with our business model, which focuses on industry practice groups which put our industry experts at the forefront of client service. Since I joined in 2001 we have grown from 4,500 employees to over 20,000 today. Our culture has not only survived—it’s stronger than ever. Many merger partners join Gallagher because of our culture.

This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We’ve done more than $68 billion of hotel transactions and have developed innovative solutions to unlock value from hotels. Who’s your hotel lawyer?

Our Perspective. We represent hotel owners, developers and investors. We have helped our clients find business and legal solutions for more than $68 billion of hotel transactions, involving more than 1,500 properties all over the world. For more information, please contact Jim Butler at jbutler@jmbm.com or +1 (310) 201-3526.

Jim Butler is a founding partner of JMBM, and Chairman of its Global Hospitality Group® and Chinese Investment Group™. Jim is one of the top hospitality attorneys in the world. GOOGLE “hotel lawyer” and you will see why. Jim and his team are more than “just” great hotel lawyers. They are also hospitality consultants and business advisors. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them.

Published on:

27 April 2015

Meet the Money® 2015 Spotlight

Rob Palleschi, Global Head Full, Service Brands of Hilton Worldwide

Rob Palleschi, Global Head Full,  Service Brands of Hilton Worldwide

The Hotel Law Blog is highlighting some of our Meet the Money® 2015 sponsors as the national hotel finance and investment conference approaches. In the Q&A below, Rob Palleschi, Global Head, Full Service Brands of Hilton Worldwide, discusses how he got started in the hospitality industry, and what the global brand is expecting in 2015.

You can hear from Rob and 100 other speakers at Meet the Money® 2015, coming up May 4-6 in Los Angeles. The window of opportunity for hotel deals and development is wide open, and the 25th year of our conference will help you make the right choices and meet the right people to add value to your deals in 2015 and beyond. Register now at www.MeetTheMoney.com.


Jim Butler: Tell us a little bit about yourself. How did you get into the hospitality business? What are responsibilities at Hilton now?

Rob Palleschi: I started working in the hotel business in high school, at the front desk and as a night auditor. Later, I went to Johnson & Wales University for Hotel/Restaurant Management…and here I am. I’ve been in the hospitality industry for over 25 years, and I currently oversee all aspects of Hilton Worldwide’s flagship brands and a portfolio of over 550 hotels through the world. I’ve also overseen the DoubleTree brand in the past, strategizing development, implementation, and enforcement of brand standards.

Jim: Talk about some of Hilton’s current metrics – numbers of hotels, brands, pipeline both domestically and internationally. How many hotels are managed by Hilton and how many franchised?

Rob: Right now, Hilton has 713,000 rooms in 4,316 hotels worldwide, with 502,000 of those rooms franchised and 211,000 managed. About 75% of those rooms are in the United States.

Our current pipeline is the largest in the industry—240,000 rooms and 1,432 hotels. We have 126,000 rooms under construction, as well as 130,000 franchised and 110,000 managed rooms coming online. A little more than half of our current pipeline is international—134,000 rooms are outside the U.S.

Jim: What initiatives or campaigns does Hilton have now? Anything to assist developers and owners?

Rob: We’re doing some fee ramp-ups for the Home 2 Suites, Embassy Suites, Canopy, and Curio brands. We’re also targeting growth in some strategic markets–for example, downtown Los Angeles, Seattle, Vancouver and Montreal. Hilton is also focused on our development of resorts in the Caribbean, Ski Resorts, and some additional destination markets.

Jim: Tell us about your newer brands and how they are coming.

Rob: Both Hilton’s Curio and Canopy are doing very well. We have already opened 5 Curio properties, and have over 20 signed deals in the USA & Europe in various stages of development. Our newest brand, Canopy, will open its first property later this year, also boasting over 20 new deals.

This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We’ve done more than $68 billion of hotel transactions and have developed innovative solutions to unlock value from hotels. Who’s your hotel lawyer?

Our Perspective. We represent hotel owners, developers and investors. We have helped our clients find business and legal solutions for more than $68 billion of hotel transactions, involving more than 1,500 properties all over the world. For more information, please contact Jim Butler at jbutler@jmbm.com or +1 (310) 201-3526.

Jim Butler is a founding partner of JMBM, and Chairman of its Global Hospitality Group® and Chinese Investment Group™. Jim is one of the top hospitality attorneys in the world. GOOGLE “hotel lawyer” and you will see why. Jim and his team are more than “just” great hotel lawyers. They are also hospitality consultants and business advisors. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them.

Published on:

30 March 2015

Meet the Money® National Hotel Finance & Investment Conference
May 4-6, 2015 in Los Angeles


The window of opportunity is open – choosing the right deals

LOS ANGELES–Meet the Money® 2015 will mark the 25th year that hotel owners, operators, developers, consultants, investors, brands, lenders and other capital providers convene in Los Angeles to explore opportunities for hotel development and deals.

“Industry fundamentals are strong, interest rates are low, debt and equity are flowing, and overseas investors are lining up to invest in hotels,” said Jim Butler, Chairman of JMBM’s Global Hospitality Group®. “The window of opportunity is wide open. The challenge now is to choose the right deals for you and your company.”

Meet the Money® 2015 will include presentations on how developers are using new financing sources, such as crowd funding and EB-5 financing, as part of the capital stack for new projects. Industry experts will share up-to-the minute information on valuation, buying, selling, repositioning, and financing hotels.

This year, Meet the Money® will offer a new Monday afternoon session—the Resort Development Workshop: Mixed Use and Shared Ownership. Hosted by Platinum Sponsor Interval International and the Global Hospitality Group®, the Resort Development Workshop will explore mixed-use and shared ownership with industry experts across a diverse mix of disciplines, focusing on the business models and opportunities for hoteliers, developers and investors. CONTINUE READING →

Published on:

18 March 2015

Click here for the latest articles on EB-5 Financing. 

 

The buzz continues on EB-5 financing for development projects.

EB-5 financing is an important and viable source of construction financing for hotels, hotel enhanced mixed-use, and other development projects. Five years ago, when JMBM started helping hotel developers with EB-5 financing, many worried about whether this is a legitimate and reliable financing source.

Now, after billions of dollars of development have been funded with EB-5, this type of financing is regarded as mainstream, and is used by many institutional players including government entities such as port authorities, major hotel brands like Marriott and Hilton, and some of the largest owners of hotels such as the Related Companies and Silverstein Properties.

As an active source of EB-5 funding for select developers, JMBM’s Global Hospitality Group® team has been busy too. We caught up with Jim Butler and Jonathan Bloch for an update on recent developments in this area as summarized in the Q and A below.

Q: How much EB-5 financing has JMBM sourced for its clients?

Our team has sourced more than $700 million of EB-5 funding for our developer clients.

  • In 2014, our team sourced and closed more than $200 million in EB-5 mezzanine loans for our clients.
  • To date in 2015, our team has sourced more than $475 million in EB-5 mezzanine loans for our clients which are signed deals expected to fund before the end of the year.
  • And there is about another $100 million in the pipeline that does not yet have a signed commitment.

Over the last 5 years we have worked on more than 60 EB-5 projects, primarily representing developers in getting EB-5 financing — projects all over the country, including high profile locations in California, New York, and Texas, but also in more bread-and-butter locations including Nebraska and Maryland.

Q: That is more than $700 million sourced by JMBM. What do you mean by “sourced”?

The “sourcing” is a process. What we do depends on the client. Typically, we help the client position and structure itself and the project for optimal EB-5 financing — presenting the best profile to get the fastest and most certain funding of the largest amount feasible. It includes identifying and introducing our client to one or more appropriate funding sources, negotiating a term sheet, and taking the deal through funding closing. CONTINUE READING →

Published on:

12 February 2015

Succession planning for the family-owned hospitality business: protecting your family and your business

The hospitality industry has been kind to families over the centuries, providing a good living for many, and significant wealth for others.

Whether your family owns a hotel management company or hotels — involved with one or two small properties or a large chain of hotels — the responsibilities of your family-owned business are as profound as the advantages.

Ensuring that the business continues to operate and provide for the family and others whose livelihood depends on it after one’s retirement or death is important. It is one of the critical responsibilities of the founders and senior management of the family-owned hotel business. Will family members want to keep running the business, and be prepared to do so? Will they want to sell the business? Keep the business and hire outside management?

Providing for continuity and certainty

Business detests uncertainty. It has a bad effect on all concerned, including business partners, employees, customers, vendors and other stakeholders. Succession planning helps eliminate unnecessary disruptions and uncertainties.

Recently, I was interviewed  by Brendan Manley, a contributor to STR’s Hotel News Now, about this issue.  In his article, Brendan made the point that “The timeline for a change in succession also is critical, because hotels are a 24/7 concern that require constant care and attention. Operators might hope for a quick, clean change in ownership in the event of an owner’s death, while grieving family members might desire a gradual change. Striking a balance between those two attitudes is yet another delicate tightrope one must walk.”

Addressing these kinds of difficult issues in advance, in a succession plan, is difficult to do. But many closely-held business owners embrace the responsibility and get help from experts who can walk them through various scenarios and outcomes.

CONTINUE READING →

Published on:

03 February, 2015
Click here for the latest articles on ADA Compliance & Defense.

New Resource: The ADA Compliance and Defense Guide

Download your free copy now!

The Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the latest publication in our We Wrote the Book™ series : The ADA Compliance and Defense Guide, a practical handbook for owners and operators of hotels, restaurants, golf courses, spas and sports facilities, banks and other financial institutions, retail stores, shopping centers, theaters, sports arenas, and other places of “public accommodation,” as defined by the Americans with Disabilities Act (ADA).

Co-authored by JMBM’s Global Hospitality Group® Chairman, Jim Butler, and JMBM’s ADA Compliance and Defense Group Chairman, Martin H. “Marty” Orlick, the Guide reflects the complexities and ever-expanding requirements of the ADA. For a limited time, it is available for free download at www.HotelLawyer.com as described below.

About The ADA Compliance and Defense Guide, Understanding, preventing and defending claims and enforcement actions under the ADA

It will not surprise U.S. hotel owners and operators to learn that that business owners and operators in the U.S. have been subjected to more than 20,000 ADA civil lawsuits and DOJ enforcement actions since the ADA was enacted in 1991 – and most of those lawsuits were filed in the last 5 years. JMBM’s Global Hospitality Group® provides practical ADA compliance and defense advice for owners and operators. This book is an example and was written specifically to help owners and operators understand the challenges they face, encourage preventative compliance, and to prepare to defend ADA lawsuits.

Written in plain language, the Guide includes information on requirements for accessible websites, service animals, pool lifts, auxiliary aids, and the importance of developing company-wide ADA policies and procedures. Through numerous case studies, the Guide also addresses Department of Justice investigations and private plaintiff litigation. CONTINUE READING →

Published on:

28 January 2015

Click here for the latest articles on EB-5 Financing. 

This article was first published by EB5Investors.com on January 28, 2015.

 

Polis Bill Reform EB-5 Immigrant Investor Program

With the regional center program set to expire in September 2015, the EB-5 industry has been given new life in the form of the American Entrepreneurship and Investment Act of 2015. The Act was introduced today by Congressmen Jared Polis (CO-02) and Mark Amodei (NV-02), and is a follow-up to last year’s bill of the same name. The bill would make the regional center program permanent and allow for continued job creation and a more reliable stream of foreign capital.

“Our nation has always been at its strongest when we attracted the best and brightest minds to help build and invest in our economy,” said Rep. Polis. “The EB-5 visa program is an important tool that brings innovation and investment to the United States, and this bipartisan bill will improve and make permanent the program so that foreign investment and talent will continue to flow into our businesses, and strengthen our economy.”

“This bi-partisan, pro-investment, pro-growth and pro-jobs bill is one piece of the legislative solution to reform legal immigration,” said Rep. Amodei. “As stated in Article I, Section 8, Clause 4 of the Constitution, ‘The Congress shall have power to… establish a uniform rule of naturalization.’ That is a responsibility we owe the country to take seriously.”

The legislation makes several much-needed improvements, most notably making the regional center program permanent. It also creates new designations for Targeted Employment Areas, and leaves those designations up to the state’s discretion. CONTINUE READING →

Published on:

11 January 2015

Click here for the latest articles on EB-5 Financing. 

 

JMBM is a Platinum Sponsor of the EB-5 Investors Conference in Las Vegas on January 17, 2015 and will moderate and talk about EB-5 for hotel development

JMBM’s Global Hospitality Group® is pleased to be a Platinum sponsor of the upcoming EB-5 Investors Conference at the Wynn Encore Resort in Las Vegas on January 17, 2015. This is one of the premier conferences on this subject in the entire United States.

Partner, Jonathan Bloch and I will moderate and participate in a panel on Hotel Development – Jonathan as a speaker, and myself as a moderator. In addition, JMBM’s Global Hospitality Group® Vice Chairman, Guy Maisnik and Partner, David Sudeck will be attending to meet with potential clients and friend to help explore this opportunity.

Our panel on EB-5 for Hotel Development will be from 11:30 am to 12:30 pm on Saturday, January 17, 2015. We hope you will join us for our session and reach out to us if you would like to get together to explore the EB-5 financing opportunity. We are able to help qualified premier developers source low-cost EB-5 financing for their project.

Why EB-5 and this Conference?

EB-5 financing is being used widely by some of the largest owners of hotels and restaurants, and we will be discussing how developers are taking advantage of this capital. EB-5 financing has provided developers with low-cost, non-recourse, five to six year financing for construction and development of new projects.

Whether you are new to EB-5 financing or have used it in the past, this one-day conference has something for everyone. CONTINUE READING →