8 May 2009
Hospitality Lawyers with “U.S. Lodging Industry Overview” by Mark Lomanno — Meet the Money® presentation May 6, 2009
Meet the Money® is the annual hotel finance conference presented by the hotel lawyers of JMBM’s Global Hospitality Group®. These slides were presented at the 19th annual Meet the Money® conference held in Los Angeles on May 5-7, 2009.
This is Mark Lomanno’s presentation from Meet the Money 2009.
For other JEWELS from the conference, see Hospitality Lawyers present JEWELS from Meet the Money® 2009 — the “best ever” hotel conference.
Take a look at slide #3 showing a 17.7% YTD RevPAR drop for 2009, which Mark says continued into April. This is not good news, and Mark bills himself as holding a relatively optimistic view of the future. See what that looks like!
Mark V. Lomanno
Smith Travel Research
(615) 824-8664 x3303
This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We’ve done more than $60 billion of hotel transactions and have developed innovative solutions to unlock value from troubled hotel transactions. Who’s your hotel lawyer?
Our Perspective. We represent hotel lenders, owners and investors. We have helped our clients find business and legal solutions for more than $60 billion of hotel transactions, involving more than 1,000 properties all over the world. For more information, please contact Jim Butler at firstname.lastname@example.org or 310.201.3526.
Jim Butler is a founding partner of JMBM and Chairman of its Global Hospitality Group®. Jim is one of the top hospitality attorneys in the world. GOOGLE “hotel lawyer” and you will see why.
JMBM’s troubled asset team has handled more than 1,000 receiverships and many complex insolvency issues. But Jim and his team are more than “just” great hotel lawyers. They are also hospitality consultants and business advisors. For example, they have developed some unique proprietary approaches to unlock value in underwater hotels that can benefit lenders, borrowers and investors. (GOOGLE “JMBM’s SAVE program.”)
Whether it is a troubled investment or new transaction, JMBM’s Global Hospitality Group® creates legal and business solutions for hotel owners and lenders. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them.