Hotel Development

August 19, 2011

Hotel Development Lawyers: 10 things you can do to win the "race" for EB-5 capital for your hotel development project

by the JMBM Global Hospitality Group®

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
19 August 2011

Hotel Lawyer with more information on how to take advantage of EB-5 investment capital

Our recent blog on why Asian investors are targeting U.S. hotels for investment has generated a lot of interest -- and a flurry of questions -- from the hotel development community.

The EB-5 Immigrant Investment Visa program offers an alternative means of raising capital for hotel development projects in the U.S., and JMBM's Chinese Investment Group™ is available to help hotel developers access this source of financing.

As explained in an earlier article on how to use the EB-5 Immigrant Investor Visa Program for hotel financing, the EB-5 program is an immigrant investor visa category created in 1990 for foreign nationals who invest in a new commercial enterprise that will benefit the U.S. economy and create at least 10 full-time jobs.

In another article on the topic, Cathy Holmes detailed why hotel developers need to seek EB-5 financing through "regional centers", how to find a regional center for a hotel project, how to negotiate with a regional center, and whether a developer can establish its own regional center for a hotel development.

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July 25, 2011

Hotel Developers: Why a "regional center" may be the key to financing your next hotel development or expansion. And what you need to know . . .

by the JMBM Global Hospitality Group®

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
25 July 2011

Hotel Developers: Why a "regional center" may be the key to financing your next hotel development or expansion. And what you need to know about finding a regional center to sponsor your EB-5 hotel financing program.

JMBM's hotel lawyers have represented hotel developers for decades. We know first hand that today's financial environment is one of the toughest for financing new development ever seen, even for experienced hotel developers with great projects.

But the EB-5 Immigrant Investor Visa Program may be one of the best financing sources now available. If you missed it, you will want to read, How to use the EB-5 Immigrant Investor Visa Program for financing.

Simply stated, the EB-5 investment program offers an alternative means of raising capital for hotel projects in the U.S. Our goal is to help hotel developers access this source of financing.

In this article, my partner, Catherine Holmes, gives you the information you need to understand how EB-5 Regional Centers work -- what they are, why you need one, and how to find one or create one.

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July 12, 2011

How to use the EB-5 Immigrant Investor Visa Program for financing

by the JMBM Global Hospitality Group®

Hotel Lawyer: Chinese investment in hotels, restaurants, and other commercial real estate is becoming an important potential capital source for development, acquisition and renovation

Although it has been around for many years, the U.S. EB-5 visa immigrant investor program is now becoming an exciting potential source of capital for hotel development, acquisition and renovation projects. Some high-profile hotel projects are now being funded using this program, such as portions of the W Hotel and Residences Hollywood, one of the largest public-private partnership in California, and a stunning mixed-use project with 305 luxury rooms, 143 private residences, a 5,500 square foot Bliss spa, restaurants and 24,720 square feet of meeting space.

At the W Hollywood, we worked on a complex $20 million EB-5 financing to fund the opening of a Las Vegas-style Drai's rooftop nightclub (with an 8,450-square foot rooftop nightclub and an additional 2,482 square feet of dining space) and the Delphine Restaurant (the Hotel's lobby-level signature restaurant able to accommodate up to 275 patrons in its 6,162 square feet plus 826 square foot adjacent terrace).

Elsewhere, approximately $118 million in financing is now being raised using the EB-5 investment program to finance construction of a 377-room hotel tower now being developed adjacent to L.A. LIVE to house both a Courtyard by Marriott® and Residence Inn by Marriott. In New York, another EB-5 investment program is seeking to finance a new Westin Hotel in the Flushing area of New York City. These are just a few examples of how the EB-5 investment program could provide much needed financing to help new hotel projects get off the ground.

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September 15, 2010

Hotel Joint Ventures: Four Keys to Success

by the JMBM Global Hospitality Group®

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
15 September 2010

Hotel Joint ventures are springing up like weeds in the hotel industry.

Nearly two years after the collapse of the old economic order of easy money, the biggest players in the hotel industry are using the joint venture structure to seize opportunities for acquisitions and expansion.

But everyone knows joint ventures can be risky. Why is the JV model being used and is there a way to minimize the very real risks that exist in every joint venture?

In her article below, which was recently published by Hotel Business, hotel lawyer Catherine Holmes, a senior member of the JMBM Global Hospitality Group®, explains why the joint venture model is being used for hotel acquisitions and expansion, what inherent risks exist in the the JV structure, and offers "Four Keys to Success in Hotel Joint Ventures."

Cathy's straightforward and timely advice is based on her experience representing numerous hotel owners in the acquisition process, whether it is a debt or equity transaction, a joint venture, a public-private partnership, or a deal that requires a complex capital stack. She recently represented Formosa International Hotel Corporation in the acquisition of the Regent brand hotels with operations in Asia, Europe, the Middle East and the Caribbean.


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June 4, 2010

Hotel lawyers: Public-Private Financing still works for hotel developments

by the JMBM Global Hospitality Group®

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
04 June 2010

Hotel lawyers with insights on how some development deals are still getting done: Public-Private Financing for Hotel Developments

To view presentations made by the experts, see the easy download links.

Hotel lawyer Catherine Holmes, one of our public-private hotel financing specialists in JMBM's Global Hospitality Group® has represented cities and other governmental entities in several public-private partnership hotel development and convention center hotel deals, such as the recent transactions with the City of Dallas and the Redevelopment Agency of the City of Riverside.

Cathy recently moderated a panel on the topic of public-private financing for hotel development in Los Angeles with some of the top experts in the field. Here is a summary of what they told us.


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May 20, 2009

Hospitality Lawyer Insights from MTM: #9. What is the future for new hotel construction and development?

by the JMBM Global Hospitality Group®

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

20 May 2009

Hospitality Lawyer Insights from Meet the Money® 2009: The hospitality lawyers of JMBM's Global Hospitality Group® have presented an annual hotel conference for 19 years. On May 5-7, 2009 in Los Angeles, California, nearly 400 industry leaders gathered at the Sheraton LAX for Meet the Money® 2009.

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May 18, 2009

Hospitality Lawyer Insights from MTM: #7. Public - Private Hotel Development Financing - What Kinds of Public- Private Hotel Projects Are Underway Now and What Kinds of Public Financing Are Available Now to Build Hotels

by the JMBM Global Hospitality Group®

By Catherine Holmes and the Global Hospitality Group®
Hospitality Lawyers | Authors of www.HotelLawBlog.com
18 May 2009

Hospitality Lawyer Insights from Meet the Money® 2009: The hospitality lawyers of JMBM's Global Hospitality Group® have presented an annual hotel conference for 19 years. On May 5-7, 2009 in Los Angeles, California, nearly 400 industry leaders gathered at the Sheraton LAX for Meet the Money® 2009.

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June 21, 2008

Top picks of hospitality lawyer insights in 2008 are: (1) hotel financing and hotel values in buy-sell transactions, (2) hotel management agreements, and (3) LEED & GREEN hotel development

by the JMBM Global Hospitality Group®

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
21 June 2008

Hospitality Attorney's top insights to hotel industry. As we approach the half-way mark in 2008, the hospitality lawyers in JMBM's Global Hospitality Group® thought it would be interesting to determine our readers' "top picks" of all the articles we have posted this year. We could almost say that the top three picks are hotel financing, hotel financing and hotel financing. But here are the top three picks by "Topics" at www.HotelLawBlog.com:

(1) Hotel financing and hotel values in buy-sell transactions

(2) Hotel management agreements

(3) LEED and GREEN hotel development

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June 19, 2008

Hospitality Lawyer talks with Ambrose Collection's Deirdre Wallace on going Green with an Existing Building

by the JMBM Global Hospitality Group®

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
19 June 2008

Hospitality Lawyer on green hotel development. Here at www.HotelLawBlog.com, we have a rich library of articles on green hotel development. (Just go to the blog, search down the right hand side for "Topics" and then click on "Green Hotels.") But as we now release the DVDs from our recent conference on green hotels -- which are free to all conference attendees -- we thought many of our readers would like to see the major PowerPoint presentations from our high-powered speakers, so we have published them here for your benefit. You will not want to miss this series of important presentations!

Deirdre Wallace is the Founder and President of The Ambrose Collection, a Santa Monica-based company focused on developing and managing eco-lifestyle boutique hotels. Her flagship property, The Ambrose, has won numerous awards since opening in 2003, setting a new industry standard for environmental responsibility while regularly outperforming competitors in both occupancy rate and gross revenues. Deirdre Wallace can be reached at (310) 382-2145 or deirdre@ambrosecollection.com.

In her own words, Deirdre Wallace shares with us her experience of "going green" in an already existing building.

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May 30, 2008

JMBM's Hospitality Attorneys with case studies of the compelling economics of Green Hotel Development by Gary Golla of SERA

by the JMBM Global Hospitality Group®

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
30 May 2008

Hospitality Attorneys on green hotel development. We have a rich library of articles on green hotel development here at www.HotelLawBlog.com. (Just go to the blog, search down the right hand side for "Topics" and then click on "Green Hotels."). But as we now publish the DVDs from our recent conference on green hotels -- which are free to all conference attendees -- we thought many of our readers would like to see the major PowerPoint presentations from our high-powered speakers, so we have published them here for your benefit. You will not want to miss this series of important presentations! Here is the presentation from Gary Golla of SERA.

Gary Golla is an Architect and Associate with SERA Architects in Portland, Oregon. SERA is a 90-person employee-owned Architecture, Planning, and Interiors firm with a special focus on sustainable design and development. Gary has 14 years of experience in architecture, much of it focused on hospitality design. His portfolio includes over 2,000 built guestrooms ranging from a 900-room convention center hotel to a 50-room ski resort. Gary is a LEED (Leadership in Energy and Environmental Design) Accredited Professional and has several LEED registered projects in design and construction. Among those is a 331-room Starwood Luxury Collection Hotel and a 256-room Courtyard by Marriott, both designed with the goal of LEED Silver. Gary Golla can be reached at (503) 445-7361 or garyg@serapdx.com.

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