March 29, 2009

Hotel & Timeshare Lawyer: Does the timeshare exit strategy or repositioning your property create ADA problems?

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
29 March 2009

Hotel Lawyer and Timeshare Lawyer in Orlando at the ARDA Conference.

Hotel Lawyer: Exit strategies of repositioning can create ADA issues you need to watch. Timeshare lawyer David Sudeck is in Orlando at the ARDA Conference right now, comparing notes with others in the timeshare business. Many see conversion of hotel or condo projects to timeshare as an alternate exit strategy for their investment, but are missing some important issues, as he writes for www.HotelLawBlog.com.

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March 19, 2009

Hotel Lawyer: Municipal hotel and convention hotel projects get a big boost from the Financial Stimulus Bill. All about the new Build America Bonds that can help make this happen -- but only on bonds issued in 2009 and 2010.

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 March 2009

Hotel Lawyer with insights on how cities can now build their convention center hotels, and other hotel mixed-use projects with TARP money and Build America Bonds.

Every city manager, supervisor, or councilperson knows the significant economic boost to the local economy and tax base that can come from convention center hotels and related hotel projects. They bring more people to town who spend more money in the local restaurants, retail businesses, entertainment venues, and hotels. Tourists, convention goers and other travelers spend more than 5 times per day the amount that residents spend. The transient occupancy tax (or TOT) derived from hotel guests is a huge income source for cities, and the lift in spending helps the sales and other tax sources as well. Of course, more prosperous merchants pay more property taxes, income taxes, and make the city a more desirable place for residents and tourists.

That's why Obama's financial package has some significant finance boosters for these projects, and why we will have some in depth panel coverage on this at our 19th Annual Meet the Money® Conference on May 5-7, 2009 at the Sheraton LAX. See www.MeetTheMoney.com now to sign up.

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March 19, 2009

Hotel Attorneys and CMBS special servicers look to have a big (and free!) part of the solution to the liquidity crisis, depressed real estate, and hotel values as well as a better way to dispose of toxic assets. Is Geithner listening?

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 March 2009

Hotel Lawyer with some potentially good news for our bad economy

Last week I had a conversation with one of the country's top CMBS special loan servicers, who happens to also be a friend as well as a good client. We were talking about dealing with some of his company's increasing volume of assets under "special servicing" and the difficulties presented by REMIC regulations.

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March 17, 2009

Hotel Attorneys: Looking for a way to significantly increase your hotel's cash flow... NOW? Here's one of the most overlooked approaches. "TINSTAAFL" suspended?

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
18 March 2009

Hotel Attorneys with a potentially critical tip for owners and lenders -- instantly increasing your hotel's cash flow. It is often overlooked. Who says "There Is No Such Thing As a Free Lunch" ("TINSTAFL") ?

Hotel attorneys know that times are tough and getting tougher. Moody's Economy.com and PKF are now projecting a deeper and more extended downturn and a more delayed recovery. Hotel Lawyer with new data from Moody's Economy.com and deteriorating projections for the lodging industry. and Jim Butler quote in USA today More hotels are facing foreclosure, bankruptcy.

So here is a rock-solid tip that could instantly boost cash flow for savvy borrowers and lenders who qualify. This will be particularly valuable to hotels bought or built in the last 5 to 10 years . . . or maybe longer.

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March 17, 2009

Hotel Lawyer with new data from Moody's Economy.com and deteriorating projections for the lodging industry. Experts say Improvement won't even start until 2011.

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
17 March 2009

Hotel bankruptcies, restructurings, and receiverships are likely to increase substantially before things get better. That's the conclusion the hotel lawyers at JMBM's Global Hospitality Group® reach with new data released by Moody's Economy.com and new projections from PKF Research.
Here are the headlines

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March 16, 2009

Hotel Attorney: How will the Stimulus Bill help tribal governments finance hotel projects in Indian Country?

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 March 2009

Hotel Attorneys with an important and different perspective on the Stimulus Bill: How will it help tribal governments finance hotel projects in Indian Country

On March 15, Hotel Attorney, Catherine Holmes, sat down with our good friend, Valerie Red-Horse of Red-Horse Financial Group, to talk about how the American Economic Recovery and Reinvestment Act of 2009 will help tribal governments finance new hotel developments on tribal land.

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March 10, 2009

Hotel Lawyer: New star rating system for hotels in Italy. What does it mean?

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
10 March 2009

Hotel Lawyer with the new standards for rating hotels in Italy. Why should we care?

Many travelers refer to the AAA or Mobil ratings for hotels and restaurants for reliable information about the quality of an establishment. As most folks know, AAA uses the diamond rating system and Mobil uses the star rating system.

While these tried and true rating systems are unlikely to be replaced anytime soon, I was fascinated to receive a recent message from a lawyer friend in Italy. It talked about the new star rating system recently promulgated by the Italian government on February 11, 2009.

Here's the scoop ...

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March 9, 2009

Hotel Lawyer: Latest legislation affecting hospitality

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
9 March 2009

Hotel Lawyer with an update on the latest legislation and proposals affecting the lodging industry from hotel lawyer Jim Abrams.

What happens in Vegas may stay in Vegas, but what happens in California spreads like wildfire. That's why the lodging industry tends to pay such close attention to what is brewing in the California legislature. So, "heads up!" The California legislature is back in session. A number of new laws have already taken effect and a lot of bills are in the hopper. The City of Anaheim (home of Disneyland) has hit Internet travel providers with a whopping TOT bill.

This article by Jim Abrams will tell www.HotelLawBlog.com readers about these and other developments facing the lodging industry in California and quite probably beyond the state's boundaries.

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March 8, 2009

Hotel Lawyer: Stimulate this! The lighter side of political commentary from the centuries

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
8 March 2009

Hotel Lawyer with political insights from the past centuries.

I started this blog with some thoughts from Bloomberg about how retail sales were down in February, developing nations were $700 billion short on being able to pay for their imports and debt, implications of the soaring unemployment that now exceeds the job creation targeted by Obama's program, but then my friend Carl Lambert sent me an email with some terse thoughts that rang true and made me smile.

So I thought I would share these today instead.


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March 6, 2009

Hotel Lawyer: What lies ahead? What's the bailout cost $700 billion? $3 trillion? $20 trillion? What does Dr. Doom mean by an L-shaped Depression?

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
6 March 2009

Hotel Lawyer with a few questions on the cost of the bailout and what lies ahead

As many recent articles referenced below recount, and as we all know from the headlines, we are in "interesting times". We talk about the $700 billion bailout bill and the possibility of doubling the amount to get out of the scary situation we are in. But is that really the cost, and is it going to do the job?

Here are some interesting facts and a few thoughts.

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March 6, 2009

Hotel Lawyer: Luxury hotel success story! (and philosophy). Ali Kasikci and Montage Beverly Hills

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
6 March 2009

Hotel Lawyer with a wonderful luxury hotel success story

We attended the gala opening party for Montage Beverly Hills in early December, and it was one of the best opening parties we have been to. And now that the hotel has settled in to providing wonderful luxury experiences for hotel guests, we thought it would be a good time to catch up with one of our favorite hoteliers in the world, Ali Kasikci, Managing Director of Montage Beverly Hills.

Here's what we learned.

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March 4, 2009

Hotel Lawyer: Stimulus Bill and financial recovery -- summary of selected tax 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
4 March 2009

Hotel Lawyer with

The landmark Stimulus Bill has commanded a lot of attention for the TARP and TALF provisions, (see Hotel Lawyers on the TARP, the TALF, and the ugly), but our dauntless tax attorneys have naturally focused on the $288 billion of stimulus that is projected to come from tax breaks.

Here is a summary of the most important provisions and what they do.



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March 3, 2009

Hotel bankruptcies, workouts and turnarounds: Hotel Lawyers on the TARP, the TALF, and the ugly. What does it mean to hotel owners and lenders?

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
3 March 2009

Please see "troubled hotel loans - workouts, bankruptcies & receiverships" for the latest articles on troubled hotels.

Hotel Bankruptcy arrest by the TALF? Is there a turnaround for hotels here? Or do owners and lenders continue to fret?

Today was potentially a very important one as the US Financial Stimulus Program goes to work. The lending facility launched Tuesday, March 3, 2009 by the U. S. Department of the Treasury and the Federal Reserve is designed to generate up to $1 trillion in consumer and small business loans. This is a significant part of the TARP (the bailout bill or financial stimulus package also called the Troubled Asset Relief Program). This specific part is called the TALF standing for "Term Asset-Backed Securities Loan Facility" which is scheduled to start dispersing funds in about three weeks, making nonrecourse loans.

Here's what I think it means for the hotel industry. . .

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March 2, 2009

Hotel ADA Defense Lawyer: ADA Compliance is no longer an option. There is a "new sheriff" in town, and problem prevention costs a fraction of defense and compliance under a microscope.

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
1 March 2009

ADA defense and compliance advice from Hotel Lawyers: An ounce of prevention is worth more than a pound of cure. The Americans with Disabilities Act, or ADA, is an important federal law applicable to all hotels in the United States because they are places of "public accommodation." And just as the federal Civil Rights Act became a powerful instrument to prevent discrimination by hotels, the ADA is now assuming commanding importance in eliminating "barriers" to the use and enjoyment of hotels, restaurants and other facilities governed by the act.

In tough economic times, we all want to slash "unnecessary" expenses, but the costs of a proactive ADA compliance program deserve a more "critical" rating than many have given it up to now. And as the saying goes, you can pay a dollar for prevention today or many times that amount tomorrow in defending litigation and meeting a higher standard after your operation has been put under a plaintiff's microscope. The Department of Justice's recent ADA sweeps in New York City, and the rising tide of private ADA lawsuits filed against hotel owners are compelling proof.

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