Hotel Mixed-Use

Posted On: May 12, 2008 by

Hotel Attorney on State of the Hospitality Industry. Bobby Bowers' Smith Travel Research presentation at JMBM's Meet the Money® 2008

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

Here is the presentation from Bobby Bowers of Smith Travel Research. (bobby@smithtravelresearch.com or (615) 824-8664) at JMBM's recent Meet the Money® conference. This is an excellent overview of where the hospitality industry has been and where we are going.

Continue reading "Hotel Attorney on State of the Hospitality Industry. Bobby Bowers' Smith Travel Research presentation at JMBM's Meet the Money® 2008" »

Posted On: April 21, 2008 by Jim Butler

Hotel Attorney on Hotel Management Agreements. How to get the right hotel operator: part 1

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

Hotel Lawyer on hotel management agreements. Long-term, no-cut hotel management agreements: How to get the right brand and operator for your hotel project . . . and a deal you can live with.

The successful matching of a hotel brand and operator with an asset and its owner is an important determinant of the financial and operational success of a hotel project. Aside from the right "marriage" partners, the terms of the management contract tying them together is critical, because it will likely govern the relationship for decades and is hard to change once cast.

Question: What's more important for your hotel project than getting the "right" brand and operator?

Answer: Not much! Finding the right operator or brand for your project -- and achieving reasonable terms -- can make a significant and positive impact in key areas: value, financing, and operational success.

So how do you do that?

Continue reading "Hotel Attorney on Hotel Management Agreements. How to get the right hotel operator: part 1" »

Posted On: August 28, 2007 by Jim Butler

Hotel Lawyer: Ali Kasikci accepts MD position at Montage Beverly Hills. Luxury hotel and residential mixed-use project on a fast track now!

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
28 August 2007

Hotel Lawyer in Beverly Hills with good news for luxury hotel mixed-use aficionados. The trend of hotel mixed-use continues. This time, Beverly Hills will get its turn as the city anxiously awaits the latest luxury hotel development by the internationally acclaimed Montage Hotels & Resorts. Just steps from Beverly Hills' Rodeo Drive, and in the City's "golden triangle," this 201-room luxury hotel will be a fresh breath of air to those who appreciate "the best."

Continue reading "Hotel Lawyer: Ali Kasikci accepts MD position at Montage Beverly Hills. Luxury hotel and residential mixed-use project on a fast track now!" »

Posted On: July 27, 2007 by Jim Butler

JMBM Hotel Lawyers Announce First Green Hotel Development Conference

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
27 July 2007

Hotel Lawyer on GREEN hotel development. Jeffer, Mangels, Butler & Marmaro LLP (JMBM) announced today that The Hotel Developers Conference™ 2008 (www.jmbm.com/THDC) will focus entirely on green hotel development and renovation. Presented by the 50-lawyer team of JMBM's Global Hospitality Group® this green hotel "summit" is co-sponsored by the University of Las Vegas (UNLV) and the Los Angeles Chapter of the United States Green Building Council (USGBC). More than 450 hospitality industry leaders are expected to attend, March 12-13, 2008, at the Green Valley Ranch Resort & Spa in Las Vegas, Nevada.

As we have said here on www.HotelLawBlog.com before: "Don't wait for the GREEN. It is here"

Continue reading "JMBM Hotel Lawyers Announce First Green Hotel Development Conference" »

Posted On: July 9, 2007 by Jim Butler

Hotel Lawyer -- Eco-friendly lifestyle hotel mixed use project closes financing

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
9 July 2007

Hotel Lawyer on eco-friendly hotel financing in Hollywood California. Today, JMBM issued a press release announcing that its Global Hospitality Group® closed the senior debt portion of the capital stack on one of the largest single hotel mixed-use projects in the country -- and one bound to be a "Green" project at that! The complex construction loan transaction was for JMBM client, HSH Nordbank AG, a leading credit institution headquartered in Hamburg, Germany, and particularly renowned for very large construction loans on luxury hotel projects. [For JMBM's current hotel financing resources, please click here. (www.MeetTheMoney.com) and for other conferences, click here (www.jmbm.com/ghg/conferences).

This is a significant transaction for several reasons.

Continue reading "Hotel Lawyer -- Eco-friendly lifestyle hotel mixed use project closes financing" »

Posted On: April 1, 2007 by Jim Butler

Hotel Lawyer: The new "LIFESTYLE" hotel brands are changing the hotel industry and hotel mixed-use. Miraval: The health and wellness lifestyle brand.

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
2 April 2007

Hospitality Lawyer on the new "LIFESTYLE" hotel brands. What is a hotel lifestyle brand? That is a great question and one with some profound implications that we will explore a bit today. I would like to do that using Miraval -- one of the new lifestyle brands -- as something of a "case study."

Continue reading "Hotel Lawyer: The new "LIFESTYLE" hotel brands are changing the hotel industry and hotel mixed-use. Miraval: The health and wellness lifestyle brand." »

Posted On: March 22, 2007 by Jim Butler

Hospitality Lawyer on "LIFESTYLE" hotel mixed-use development. Are Valencia and Miraval the new paradigms for "lifestyle" hotel mixed-use?

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
23 March 2007

Hospitality Lawyer on "LIFESTYLE" hotel mixed-use development. Hotel mixed-use has emerged as one of the few ways hotel developers may be able to make a new development economically feasible, with skyrocketing construction costs. It has also become one of the hottest things going as developers of other real estate uses (shopping centers, office, retail, residential and entertainment) discover the big "IRR Premiums" that may be harvested from well-planned and tightly integrated hotel mixed-use projects. (See, my earlier postings on www.HotelLawBlog.com from The Hotel Developers Conference® in Rancho Mirage. about how hotel mixed-use is the pass key to unlocking new development and bigger profits, and the perspectives of the most successful leaders in hotel mixed-use today)

Continue reading "Hospitality Lawyer on "LIFESTYLE" hotel mixed-use development. Are Valencia and Miraval the new paradigms for "lifestyle" hotel mixed-use? " »

Posted On: March 19, 2007 by Jim Butler

Helping Owners Strike a Fair Deal: 5 Milestones Marking The Road To Success For Hotel Management Agreements

by Jim Butler and Robert Braun
19 March 2007

In order to consummate any substantial business transaction, there are inevitably some "challenges" to overcome. Hotel management agreements are no exception: in part because of their complexity, and in part because hotel management agreements typically transfer effective control over valuable assets for several decades, and their terms can easily enhance -- or diminish -- the value of hotel by a staggering amount.

Continue reading "Helping Owners Strike a Fair Deal: 5 Milestones Marking The Road To Success For Hotel Management Agreements " »

Posted On: March 13, 2007 by Jim Butler

"Hotel Mixed-Use" . . . pass key to unlocking new development and bigger profits?

By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
13 March 2007

Hotel lawyer on hotel mixed-use development. "Hotel Mixed-Use" . . . and how it can be the pass key to unlocking both new development and bigger profits was the entire focus of The Hotel Developers Conference™ in Rancho Mirage. Creative ideas flowed and mixed. Nuggets of valuable insight were gathered. Introductions were made. Deals were done. The opening session of The Hotel Developers Conference™ was covered in my last posting on www.HotelLawBlog.com. And here's what happened in the second full day.

Continue reading ""Hotel Mixed-Use" . . . pass key to unlocking new development and bigger profits?" »

Posted On: March 5, 2007 by Jim Butler

Reggie Jackson Hotel, Conference Center and Baseball Hall of Fame?

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

5 March 2007

In case you missed it, it has just been announced that former baseball star Reggie Jackson is the mystery developer of a proposed 252 room hotel and conference center in Seaside, California. At this point, Reggie joins a long line of celebrities and athletes jumping on the hotel mixed-use bandwagon we have covered here at www.HotelLawBlog.com. The band wagon already has many famous riders, including Bill Gates and Prince Al Waleed, Blackstone, Morgan Stanley in its acquisition of CNL Hotels & Resorts, Barry Sternlicht on his investments in China and India, as well as his launch of new brands such as the "1" and the Crillon, Paul Allen, Shaquille O'Neal, Donald Trump, Magic Johnson, Andre Agassi and Steffi Graf?

Why is this important and why should we care?

Continue reading "Reggie Jackson Hotel, Conference Center and Baseball Hall of Fame?" »