Articles Posted in Hotel Development

Author of www.HotelLawBlog.com
4 December 2006

Condo Hotel Lawyer in Las Vegas. As I reported yesterday in my www.HotelLawBlog.com, the big crowd at IMN’s condo hotel symposium in Las Vegas last week — more than 550 people — was impressive with a lot of the top players. The symposium delegates included a lot of experienced developers, looking to start their first condo hotel project, or looking to take hotel-enhanced mixed-use to the next level. If you missed my “Las Vegas Report from IMN Condo Hotel Conference,” please start there. Today, we move on to explore what makes a condo hotel project successful.

Published on: November 28, 2006

Condo Hotel Lawyer — What in the world is going on with condo hotels now?

Author of www.HotelLawBlog.com
28 November 2006

Condo Hotel Lawyer Las Vegas. On November 30, 2006, I will be participating in the first two opening general sessions of IMN’s Symposium on Financing, Developing and Operating Condo Hotels at the Mirage in Las Vegas, Nevada. This will be an interesting opportunity to compare notes and take the current pulse of the industry. Is the bloom off the rose? Can condo hotel deals still be done? Where is the opportunity now? How do you capture it? What are the pitfalls? How do you make a condo hotel deal work today?

Why are more than 550 people coming to a condo hotel symposium in late 2006??? Obviously there is a huge continuing interest in the condo hotel phenomenon, but is the model sustainable in the current environment? Unless there are unique features, great sponsorship and market validation? Where are we? What is happening?
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Published on: November 12, 2006

Hospitality Lawyer — Trump’s luxury residential mixed-use project in Hawaii sells out in 8 hours. New sales record claimed.

Author of www.HotelLawBlog.com
12 November 2006

Hotel Lawyer on How to have a blow out of hotel-enhanced residential mixed-use. Donald Trump seems to find himself surrounded by controversy — whether it involves his giant kiosk in Chicago, his huge American Flag at his Mar-a-Lago Club in Palm Beach or his big “hole” in Manhattan’s Soho. But whatever you think of the man, you have to be impressed by the latest demonstration of his brand power at the Trump International Hotel & Tower in Waikiki. According to the story by Allison Schaefers in Saturday’s Honolulu Star Bulletin, Trump and his Los Angeles-based partner, Irongate, set a new world record for residential development sales — selling more than $700 million of luxury units in just 8 hours, and selling out all 464 hotel suites and residences in the first day of what had been planned as a two-day sales event.

The Trump-Irongate sell out surpassed what is claimed to be the prior record established by Intrawest last December when it sold $425 million, comprising 318 units, of the first phase of hits Maui resort development. What does this mean?

Published on: October 9, 2006

Final 2007 Conference Dates for (1) The Hotel Developers Conference and (2) Meet the Money®

Author of www.HotelLawBlog.com
9 October 2006
If you are like me, you already have events scheduled on your 2007 calendar! I hope you have saved dates for the two annual hospitality conferences sponsored by the Global Hospitality Group® at Jeffer, Mangels, Butler & Marmaro LLP.

The Hotel Developers Conference will be March 7-8, 2007.

Meet the Money® will be May 3, 2007

Published on: September 22, 2006

Condo Hotel Lawyer: Not so fast! Locking Down the Condo Hotel Structure

Author of www.HotelLawBlog.com
22 September 2006

We have been called in after-the-fact many times by developers who have been given unworkable condo documents drafted by expert condo lawyers. The problem is that they were experts in condos, but had scant experience with hotels, and no experience with condo hotels. Unfortunately, the best way to fix bad documents at the outset is to throw them away and begin again from scratch. Condo hotel deals are far too complex to try and bandage bad documents. But once they are in place, you may have to live with them for a long time, even if they are terrible.