July 29, 2008

Hotel Management Agreements 201 by Hospitality Lawyer - Indemnification Provisions

by the JMBM Global Hospitality Group®

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com and
Robert E. Braun | Partner JMBM's Global Hospitality Group®
29 July 2008

Keywords:

Hotel Operating Agreement, HOA, Hotel Management Agreement, HMA, Hotel Management Contract, Management Contract. Hotel Operator, Hotel Manager, Hotel Owner. RFP for Hotel Manager. RFP for Hotel Operator, How to get a great hotel operator.

Terminology

Contracts between hotel owners and managers (or operators) controlling the management of a hotel go by various names. They are called hotel management agreements, HMAs, hotel management contracts or hotel operating agreements. For convenient reference, this article will generally use the term "Hotel Management Agreement" or "HMA." However all these terms can be used interchangeably and mean the same thing, just as with hotel operator or hotel manager.

Whatever they are called, Hotel Management Agreements allocate risk between the hotel manager and the hotel owner. They are critical in determining the profitability and value of a hotel.

Hospitality Lawyer: How to survive some of the custom and "lore" of Hotel Management Agreement Indemnification Provisions.

While we have a very deep bench of hospitality lawyers -- particularly in hotel management agreements -- my partner, Bob Braun, is one of the most experienced on our team, with several hundred management contracts to his credit, and a dozen or more on his current work schedule at any point in time.

So it was no surprise when he suggested recently that we work together on a few articles going "beyond the basics" of hotel management agreements and post them for our industry friends on www.HotelLawBlog.com. We decided to call this upcoming series, "Hotel Management Agreements 201." Bob took the lead in putting this first one together on the critical area of INDEMNIFICATION, and here it is.

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July 27, 2008

Hospitality Lawyer -- "Can we keep it up?" An increasingly important issue for the hotel industry!

by the JMBM Global Hospitality Group®

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
27 July 2008

Hospitality Lawyer -- Why we need to maintain the discipline to keep ADRs up! As hotel occupancy rates are tending to soften nationally, the data from Smith Travel Research (STR) tells us that the industry has continued to do well because average daily rates (ADRs) have continued to rise, particularly in the Top 25 markets, and in the market segments that STR calls Luxury, Upper Upscale, Upscale and Midscale without Food & Beverage.

But there is a new threat to industry profits looming on the horizon -- something beyond pestilence, war, recession, and falling airline seat capacity, and this is within our own control if we will just behave rationally. Here's the scoop from www.HotelLawBlog.com.

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July 21, 2008

Hospitality Lawyer with perspectives from the top: Insights and advice from Tom Baltimore, President of RLJ Development

by the JMBM Global Hospitality Group®

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
21 July 2008

Hospitality Lawyer: What a difference a year makes! Where we've been and where we're going. Practical advice and observations from Tom Baltimore. On July 17, 2008, at the NABHOOD Conference in Atlanta, the experts gave us the latest update on the Hotel Industry since NYU. (See the 5-part series at www.HotelLawBlog.com analyzing the data available at June 1, 2008 at "Quips, Quotes and Insights from the 2008 NYU hotel conference.").

Trends continue to emerge and JMBM's hospitality lawyers have 3 hot July updates for you on the state of the industry:

1. Jan Freitag, Vice President of Smith Travel Research (jan@smithtravelresearch.com)

2. Mark Woodworth, President of PKF Hospitality Research (mark.woodworth@pkfc.com)

3. Tom Baltimore, President of RLJ Development, LLC (www.rljcompanies.com)


You can also find the Top 10 Picks from www.HotelLawBlog.com by clicking here.

Here's the way Thomas J. Baltimore, Jr., Vice Chairman of NABHOOD and President of RLJ Development, summed things up.

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July 19, 2008

What lies ahead in the hotel industry? Hospitality Lawyer looks at the good, the bad and the ugly . . . and something we haven't seen in 20 years!

by the JMBM Global Hospitality Group®

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
20 July 2008

Hospitality Lawyer: What lies ahead for the hotel industry? On July 17, 2008, at the NABHOOD Conference in Atlanta, the experts gave us the latest update on the Hotel Industry since NYU. (See the 5-part series at www.HotelLawBlog.com analyzing the data available at June 1, 2008 at "Quips, Quotes and Insights from the 2008 NYU hotel conference.").

Trends continue to emerge and JMBM's hospitality lawyers have 3 hot July updates for you on the state of the industry:

1. Jan Freitag, Vice President of Smith Travel Research (jan@smithtravelresearch.com)

2. Mark Woodworth, President of PKF Hospitality Research (mark.woodworth@pkfc.com)

3. Tom Baltimore, President of RLJ Development, LLC (www.rljcompanies.com)


You can also find the Top 10 Picks from www.HotelLawBlog.com by clicking here.

Here's Mark Woodworth's analysis of "What Lies Ahead," and it is very interesting . . .

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July 19, 2008

Smith Travel's July Update on State of the Lodging Industry from Hospitality Lawyer in Atlanta

by the JMBM Global Hospitality Group®

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
19 July 2008

Hospitality Lawyer: What's happened in the hotel industry since the NYU Hotel Investment Conference in June? The NABHOOD Conference in Atlanta was the place to be this week, as I reported in my recent blog entitled "Hospitality Attorney salutes NABHOOD"


On Thursday, July 17, 2008, the inspiration and insights continued to flow, with the latest industry data and predictions since NYU. (See the 5-part series at www.HotelLawBlog.com analyzing the data available at June 1, 2008 at "Quips, Quotes and Insights from the 2008 NYU hotel conference."). Another month and a half are under our belts since the NYU Hotel Investment Conference, and the hospitality lawyers from JMBM have 3 hot July updates for you on the state of the industry:

1. Jan Freitag, Vice President of Smith Travel Research (jan@smithtravelresearch.com)

2. Mark Woodworth, President of PKF Hospitality Research (mark.woodworth@pkfc.com)

3. Tom Baltimore, President of RLJ Development, LLC (www.rljcompanies.com)


Here's Jan Freitag's Smith Travel Research July update . . .


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July 16, 2008

Hospitality Attorney salutes NABHOOD, Andy Ingraham, Mike Roberts, Hank Thomas, Mit Shah and the African American hotel community

by the JMBM Global Hospitality Group®

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
16 July 2008

Hospitality lawyer in Atlanta, Georgia at the kick-off for the NABHOOD Annual Convention. If you are not yet a member, sponsor or supporter of NABHOOD -- the National Association of Black Hotel Owners, Operators and Developers -- you need to check out this dynamic organization, whose members own about 325 hotels (up from just 1 in 2001). Thanks to my friend Andy Ingraham, President and Founder of NABHOOD, I am attending the Association's 12th Annual Summit in Atlanta as a speaker and participant, and JMBM's Global Hospitality Group® is a proud sponsor of this event.

As you can tell from many postings here at www.HotelLawBlog.com, I have been attending (and hosting) hospitality conferences for many years and I can tell you that the energy, vision and skill this group is bringing to the industry is just amazing. I like to think of myself as a great networker -- connecting people in the industry to get deals done. But I have met my match. No, I have to say, I have now seen the grand master in action, and I take my hat off to Andy Ingraham and what he helps NABHOOD members do. Congratulations, Andy!

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