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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.

Posted On: June 26, 2009 by the JMBM Global Hospitality Group®

Hospitality Lawyer: Hotel foreclosures on track to set new records in California and elsewhere.

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hospitality Lawyers | Authors of www.HotelLawBlog.com
26 June 2009

This is one of many articles on the subject of "troubled hotel loans - workouts, bankruptcies & receiverships" in the rich library at www.HotelLawBlog.com.

Hospitality Lawyer with new data indicating hotel foreclosures will set new records

On June 26, 2009, Atlas Hospitality released the results of its study on foreclosures in California We think these results have much broader implications for the hotel industry on a national basis. Here is the latest.

Continue reading " Hospitality Lawyer: Hotel foreclosures on track to set new records in California and elsewhere. " »

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Posted On: June 25, 2009 by the JMBM Global Hospitality Group®

Hospitality Lawyer and Special servicers: Busy now? Realpoint says work will double by year end! Implications for all CRE loans.

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
25 June 2009

This is one of many articles on the subject of "troubled hotel loans - workouts, bankruptcies & receiverships" in the rich library at www.HotelLawBlog.com.

Hospitality Lawyer with the latest Realpoint Research report on special servicing of CMBS loans. There are important implications of this data for all Commercial Real Estate or CRE loans

I have now had time to settle in and digest the latest June 2009, Realpoint Research report on CMBS loan delinquencies. The numbers paint a very serious and dramatic picture. A copy of the full report is attached, with my personal highlights to point out some facts I thought were particularly significant. Let me know if you would prefer a clean copy without my highlighting and lines, and I will email you a "clean" copy.

The Realpoint research is directed solely to CMBS delinquencies, but we think distress in this sector (roughly one third of all commercial real estate loans) is representative of stress that will be experienced in at least another third of the CRE loans made by commercial banks, if not all CRE loans.

So what does this all mean? Here are my thoughts.

Continue reading " Hospitality Lawyer and Special servicers: Busy now? Realpoint says work will double by year end! Implications for all CRE loans. " »

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Posted On: June 24, 2009 by the JMBM Global Hospitality Group®

Hotel delinquencies predicted to exceed 8% by year end. Red Roof defaults on $361 million in loans. Are there lessons for hotel lenders and investors in the latest California market report?

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hospitality Lawyers | Authors of www.HotelLawBlog.com
24 June 2009

This is one of many articles on the subject of "troubled hotel loans - workouts, bankruptcies & receiverships" in the rich library at www.HotelLawBlog.com.

Hospitality Lawyer with some grim predictions and observations for hotel lenders and owners.

On June 24, 2009 the Federal Reserve left interest rates and its policies unchanged. Government forecasters predicted that unemployment will continue to rise from its already high level of 9.4% and will not begin a reverse trend until "some time next year." And today in CNBC and Bloomberg interviews, Warren Buffett said he sees unemployment continuing to rise. He does not seem to see "green shoots" of economic recovery in the United States.

Unfortunately this is all consistent with a much delayed recovery for the hotel industry, likely in 2011 or beyond. In today's Bloomberg article, Morgan Stanley analysts are quoted as saying "The hotel loan delinquency rate is currently 4.7 percent and is likely to reach 8.2 percent -- the peak rate in the 2001 economic downturn -- by the end of the year."

Here is some more information on the continuing crisis in the hospitality industry.

Continue reading " Hotel delinquencies predicted to exceed 8% by year end. Red Roof defaults on $361 million in loans. Are there lessons for hotel lenders and investors in the latest California market report? " »

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Posted On: June 16, 2009 by the JMBM Global Hospitality Group®

Hospitality Lawyer: PKF says 2009 worst year in lodging history. Robust recovery likely but years away

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hospitality Lawyers | Authors of www.HotelLawBlog.com
16 June 2009

This is one of many articles on the subject of "troubled hotel loans - workouts, bankruptcies & receiverships" in the rich library at www.HotelLawBlog.com.

This is one of many articles on the subject of "troubled hotel loans - workouts, bankruptcies & receiverships" in the rich library at www.HotelLawBlog.com.

Hospitality Lawyer with the latest update from PKF on what lies ahead for the hotel industry.

Mark Woodworth and his colleagues at PKF Hospitality Research have released PKF's latest report on the U.S. lodging industry, it's turning points and prospects. I thought you might find it useful as you consider options for dealing with troubled hotel assets, and hope you will keep us in mind as you face coming challenges.

Continue reading " Hospitality Lawyer: PKF says 2009 worst year in lodging history. Robust recovery likely but years away " »

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Posted On: June 14, 2009 by the JMBM Global Hospitality Group®

Hospitality Lawyer: What lies ahead for the hotel industry? When do values bottom? When do they recover? Which markets are worst and which will be the best? How to unlock hotel value with JMBM's SAVE® program . . .

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hospitality Lawyers | Authors of www.HotelLawBlog.com
14 June 2009

Hospitality Lawyer in New York at the NYU hotel investment conference with some interesting projections from Steve Rushmore of HVS.

One of my favorite presentations at the NYU hotel investment conference earlier this month was by Steve Rushmore, president and founder of HVS. His entire slides show is worth studying and you can view it in its entirety by clicking on the link at the end of this article.

But a few of the slides particularly caught my attention -- the ones on hotel values -- when they bottom, when they recover, best and worst markets for the next few years, and along with some good advice for buyers, lenders and owners.

Continue reading " Hospitality Lawyer: What lies ahead for the hotel industry? When do values bottom? When do they recover? Which markets are worst and which will be the best? How to unlock hotel value with JMBM's SAVE® program . . . " »

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Posted On: June 10, 2009 by the JMBM Global Hospitality Group®

Hospitality Lawyer on California Requirements for Proprietary Security Guards

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hospitality Lawyers | Authors of www.HotelLawBlog.com
10 June 2009

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JMBM hospitality lawyer Jim Abrams has been practicing law for 40 years, specializing in lodging and hospitality law and in representing and advising trade associations and other non-profit entities. Jim is the author of the book Laws Pertaining to the California Innkeeper, which is published by the California Hotel & Lodging Association.

Continue reading " Hospitality Lawyer on California Requirements for Proprietary Security Guards " »

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Posted On: June 3, 2009 by the JMBM Global Hospitality Group®

Hospitality Lawyer at the 2009 NYU hotel conference -- Sound bites

For the most recent update on this topic, click here

By Jim Butler and the Global Hospitality Group®
Hospitality Lawyers | Authors of www.HotelLawBlog.com
4 June 2009

Hospitality Lawyer with more from the New York hotel conference.

Earlier this week, we gave you our initial take on the NYU hotel conference. Now here are some of the things we heard that we thought worthy of note.

Continue reading " Hospitality Lawyer at the 2009 NYU hotel conference -- Sound bites " »

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