Articles Posted in International Hotel Investment

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Author of www.HotelLawBlog.com
3 January 2007
Hotel Lawyer — Top Picks of 2006. Yes, 2006 has been a record year for many in the hospitality industry, and for the hotel lawyers at Jeffer, Mangels, Butler & Marmaro LLP. As we have already given our Outlook for 2007, we thought it might be interesting to look back on our Top Pick articles from 2006 from www.HotelLawBlog.com.

The Top Picks articles are organized by the major TOPICS on the Blog. We generally tried to select just the top two or three articles for each TOPIC. It was a major struggle to decide where to make the cutoff. If you want more information on a particular TOPIC, you can go to www.HotelLawBlog.com, and search for all articles on that TOPIC. To do that, just scroll down the right hand side, and below the (free) subscription and RSS Feed buttons is the Browse search engine that enables you to sort by TOPIC (or date, or key words, etc.).

Here they are . . .

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Author of www.HotelLawBlog.com
27 December 2006
Hotel Lawyer on international hotel investment. Over the past two days, the shares of InterContinental Hotels Group Plc — which describes itself as “the world’s biggest lodging company” — rose substantially, fueling speculation that it has become a takeover target. The shares are up approximately 8% since December 22, 2006 (and 49% for 2006). Citing the Guardian, Bloomberg says there are rumors of a buyout firm making an offer at a “significant premium” to current stock prices. Some think a ₤5.7 billion (U.S.$11.2 billion) offer may be made.

Who are the likely buyers? Aside from the financial aspects of the takeover, what does the interest in InterContinental mean? How does this play into the big push into international hotel investments I have been talking about on www.HotelLawBlog.com in some of the most recent postings? Or into the power of brands, or the rush to hotel-enhanced mixed-use development?

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Author of www.HotelLawBlog.com
26 December 2006
Hospitality Lawyer India. In a number of articles on www.HotelLawBlog.com, I have talked about the exploding international hotel markets, including Mexico, Costa Rica, the Caribbean, Spain, Italy, London Saudi Arabia, Dubai and China — but particularly INDIA. Why are we building hotels in India? Why are all of the brands and operators trying to stake out territory in India?

It’s not hard to figure out. On December 23, 2006, the Los Angeles Times ran an article by Henry Chu that summed it up pretty well. The headline read: “India, a boom that’s bursting at the seams.” The explosive growth in India is what has everyone scrambling to feed this hungry market.

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Published on:

Author of www.HotelLawBlog.com
11 December 2006
Hospitality Lawyer Baja Mexico. He’s done it again if you believe the AP Wire reports. On Saturday, December 9, 2007, the Associated Press reported that, “Donald Trump’s new luxury hotel-condominiums on Mexico’s booming Baja California coast registered about $122 million in sales Friday, potentially heralding a resurgent development boom along the Pacific shoreline, just south of the U.S. border.”

I’ve noted in prior postings that Baja is red hot, and that Trump has become a brand. So what is noteworthy about this latest development?

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Author of www.HotelLawBlog.com
6 December 2006
Hospitality Lawyer: In my last posting on www.HotelLawBlog.com, I described “what is fanning the condo hotel wild fire in Latin America, the Caribbean, Europe, China, India and the Middle East.” But condo hotels are only a small segment of the hotel-enhanced mixed-use projects being developed at an rapid pace on the international scene.

The hospitality experts that joined me for JMBM’s “Outlook 2007, Hospitality Roundtable” had plenty to say about the hot international markets, and I am delighted to share their insights with the readers of www.HotelLawBlog.com. You should also see a up-to-the-minute news item related to this in the blog “Hospitality Lawyer — Barry Sternlict and Starwood bet on . . . China!

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Author of www.HotelLawBlog.com
6 December 2006
Hospitality Lawyer: China. I had no sooner posted my last entry on our expert panel’s views for Outlook 2007 as it relates to international markets when I read an update as of December 6, 2007 that Barry Sternlicht and Starwood capital have increased their bet on China! And of course, this comes after a huge investment in India as we discussed in “.”Hospitality Lawyer: Sternlicht and Starwood Capital to put $500 million in India for Crillon, ‘1’ Hotels and Residences and budget hotel chain, Campanile

Tom Corcoran, CEO of FelCor, nailed it when he said in today’s posting, “When you talk about hot markets, you’d have to say, China, China, China… and India.”

Here are the details on the Sternlicht/Starwood investment in China.

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Published on:

Author of www.HotelLawBlog.com
5 December 2006

Click here for the latest articles on Condo Hotels

Condo Hotel Lawyer: In my last two postings on www.HotelLawBlog.com, I have been reviewing where the condo hotel phenomenon is today and where its going, and what drives success in condo hotel projects. While there are a lot of reasons that condo hotels make sense and have an enduring legacy, the wildfire that has been burning in the U.S. for the past 5 years is now pulsing out in all directions. What has caused the condo hotel craze to spread to Latin America, the Caribbean, Europe, China, India and the Middle East? And why is anyone looking to emulate the state of the art developed over the past 5 years in the U.S.?

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Published on:

Author of www.HotelLawBlog.com
16 November 2006
Hotel Lawyer on hotel investment n India. As hospitality lawyers, we expected it. In my posting from the Phoenix Lodging Conference entitled Hospitality Lawyer – Hotels in China, India and Mexico are capturing the imagination and resources of the hotel industry, I said that I was struck by how the talk was absolutely dominated by discussions of development in China, India, Mexico and Europe. And I wondered out loud if a new era of hotel development outside the U.S. was already underway.

Well, Bloomberg reported on November 14, that Barry Sternlicht’s Starwood Capital has committed up to $500 million to new hotel investment in India. That is one pretty good indication of the trend! In case you missed it, here are the details and what it all means.

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