Articles Posted in Meet the Money®

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Jim Butler and the Global Hospitality Group®

08 May 2013

Lodging Industry Investment Council
Annual Top Ten Survey
Trends And Challenges

Strong hotel property value growth predicted, fueled by increasingly favorable hotel debt — despite overall sluggish economic growth, sequestration, unionization and Obamacare. According to the LIIC 2013 Survey, this is what the hotel industry has in store in 2013.

The Lodging Industry Investment Council (LIIC) is the hotel industry “think tank” whose membership includes the hospitality industry’s most influential investors, lenders, corporate real estate executives, REITs, public hotel companies, brokers and significant lodging equity sources. More than 80% of surveyed LIIC members have purchased a hotel in the last 12 months. Together, the members of LIIC represent ownership, control or disposition of well over $20 billion of lodging real estate.

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01 May 2013

Meet the Money® 2013 is next week! Online registration ends this Friday, May 3, 2013 at 5 pm.

It is hard to believe but our 23rd annual Meet the Money® conference is less than a week away — May 6 to 8, 2013 at the Sheraton LAX.

We have an exciting program with the top providers and consumers of debt, equity and other pieces of the capital stack. We also have top industry leaders speaking and attending, plenty of opportunities for networking and deal making, and the best conference food and snacks in the industry.

Hot topics include all the latest on WHO is providing hotel financing and HOW the deals are being done — from small deals to big deals. Presenters are all active in providing capital or finding the best sources of it.

In addition to all the latest on hotel debt and equity, there will be some great panels on:

  • State of the Hotel Industry — industry fundamentals, capital markets,
    financing and market values, cap rates, transaction data and trends,
    state of the economy

    STR
    PKF Consulting
    HVS
    Jones Lang LaSalle
    Atlas Hospitality
    Richard Green, USC Lusk Center

  • Development: What’s Hot — What’s Not
    Where’s the money going for development?
  • EB-5 Update: Financing for New Construction
    Why do the EB-5 apps double each year?
  • Why the ADA matters to you.
    Comply now or pay later
  • CEO Panel: New Strategies for a New Economy
    Are you at the table or on it?
  • Hotel Retail-Mixed-use
    Why are people adding hotels to shopping centers?
  • State of the CMBS Markets
  • Workouts/Receiverships/Takeovers
    Strategies for distressed hotels
  • Maximizing Return & Value
    Branded vs. Independent Operators

And much more!

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22 May 2012

At JMBM’s recent hotel finance conference in Los Angeles, a panel of experts talked about how well joint ventures are working to provide financing for hotel development and acquisitions.

The hotel joint venture experts

The Joint Venture Panel from Meet the Money® 2012 featured 5 veteran hotel investors and operating partners, and was moderated by Guy Maisnik, hotel lawyer and Vice Chair of JMBM’s Global Hospitality Group®. The panelists were:

Picture of Guy Maisnik Guy Maisnik, Vice Chair, JMBM’s Global Hospitality Group® works extensively on hotel joint ventures and financings, as well as acquisitions.

  • Mark Burden, CEO, Rim Hospitality
  • Lamont Meek, SVP and COO, Circa Capital
  • Rick Frank, SVP Hospitality, Behringer Harvard
  • Jonathan Martin, VP, AEW Capital Management
  • Kam Babaoff, Managing Director, Ensemble Hotel Partners

Each of these participants has a long history of investing in and operating hotels, and they represent the spectrum of views currently prevailing in the industry. While each has been successful, each has taken a different road to achieve success. The individual strategies and approaches of each stands out, as does the talent and vision necessary to navigate some of the toughest years in the hotel industry.

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9 May 2012

Along with Mike Cahill of Hospitality Real Estate Counselors (HREC) and Sean Hennessey of the Lodging Investment Advisors, I am privileged to be one of the co-chairs of the Lodging Industry Investment Council (LIIC). LIIC is the hotel industry “think tank” whose membership owns or operates many billions of hotel investments, and involves all aspects of the industry.

LIIC Annual Survey

I am grateful that Mike Cahill takes responsibility for analyzing LIIC’s annual survey of lodging investment trends and challenges, a highly regarded profile of investment sentiment and attitudes for the lodging industry for the next 12 months.

This survey results in the annual “LIIC Top Ten”, which Mike delivered to more than 350 participants at the 22nd annual conference of Meet the Money® today.

Economy is top concern

You won’t be surprised that the economy remains the biggest concern among LIIC’s members. But some of their beliefs about where things are headed are less obvious and very interesting.

If you were not in attendance, you missed Mike’s personal insight. But the presentation is available on HotelLawyer.com. It is brief and straightforward, as was his delivery today. For a snapshot of what industry leaders are thinking about right now, click here.

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9 May 2012

Hotel Lawyers in Los Angeles at JMBM’s Meet the Money® 2012

The hotel lawyers at JMBM’S Global Hospitality Group® were out in force and mingling with about 350 hotel industry leaders that joined us in Los Angeles this week for the 22nd annual Meet the Money® 2012 conference.

What is different about Meet the Money®?

There is a lot to like about this conference. We are not in the conference business, and we don’t make a profit on this event, so we run the conference at the highest level of excellence and the way we think best suits business-oriented deal makers. For instance:

  • Substantively, everything has a strong focus on financing, value, and liquidity.
  • It is an efficient (one level) venue where you can see everybody and is not too crowded.
  • You see deal makers, not product electronic key or astro turf vendors.
  • It is a comfortable venue with great food (breakfast, lunch and receptions) and constant snacks (fruit, yogurt, juice, soft drinks, energy bars, and the like).
  • The program starts and ends on time.

What’s different this year from last year?

Well, last year, hotel transactions were coming back online and there was plenty of excitement.

This year, although it seems like just about everyone has a recent deal to discuss and more in the pipeline, things are more sluggish. The experts look for the second half of the year to be much stronger, making a mirror image of 2011.

As usual, there was lots of conversation and plenty of business cards being exchanged in the hallways, and there was a large crowd at the Grand Welcome Reception that talked for hours into the evening (the great food and the poolside venue may have been a factor!).

Quick take aways

If our participants are any indicator of what’s going on in the hotel marketplace, there is a reason for optimism. Here are some of the common conversational and conference themes:

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01 May 2012

Hotel Lawyer in Los Angeles at Meet the Money® 2012

My staff and I are making final preparations for the 22nd Annual Meet the Money® conference and I couldn’t be more excited! This year’s theme is “Rise above the global financial tempest” and our speakers are ready to share the experience, knowledge and insight that enables them to find financing, create value and get deals done in the midst of our current global challenges.

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01 June 2011

Debt is returning, equity is out looking, and we’ve passed the bottom of the trough. Why now is the time to purchase a hotel.

We promised to let you know when Hotel Business® published its coverage of its 2011 Executive Roundtable–Capital Ideas: Financing Solutions For Opportunistic Dealmakers that took place on May 2, 2011 in Los Angeles prior to Meet the Money®. The current issue of Hotel Business® just hit my mail box and the articles covering the Executive Roundtable and Meet the Money® provide some thoughtful reading.

If you do not know why now is the time to invest in a hotel, you will want to read these articles!

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19 May 2011

Hotel Lawyer with fresh perspectives on the hotel industry from Smith Travel. When the hotel lawyers of JMBM’s Global Hospitality Group® hosted their 21st annual hotel conference recently, Jan Freitag of Smith Travel Research gave a very interesting update and some fresh perspectives on the hotel industry, including:

  • A different perspective on the impact of gas prices on lodging demand (compare PKF’s views
  • What’s happening with transient and group occupancy and ADR
  • Where RevPAR recovery is strongest. And weakest.
  • How luxury is leading the industry out of the recession
  • What lies ahead – forecast

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17 May 2011

Hospitality Lawyers on the State of the Hotel Industry.

Mark Woodworth of PKF is one of my favorite industry experts when it comes to getting meaningful information and helpful forecasts. He lived up the highest expectations at JMBM’s recent Meet the Money® conference.

Here is his slide presentation where Mark addressed a lot of critical questions we all want the answers for, including:

  • Where are we in the hotel cycle?
  • What’s happening with corporate profits, job growth and lodging demand?
  • What’s the effect of the housing problem?
  • What is the forecast? (Good and getting better)
  • What’s the impact of oil prices on lodging demand?

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16 May 2011

Hotel Lawyers’ updates on capital and debt markets for hotels, transaction sales data and financings

David Loeb from RW Baird always provides such interesting hotel data. In his excellent presentation at Meet the Money®, he gave us the latest industry data showing:

  • How REITs have dominated the transaction market (more than 80% of the transactions year-to-date in 2011)
  • What’s happening in the debt markets now with yields going below 9%
  • How hotel stock investments have fared compared to other investments
  • What is happening with IPOs and IPO pipeline

And when you are studying his presentation slides, don’t stop at what looks like the end, because he has great stuff in his “Appendix: Transaction Tables.” As David said, think of this this as a “free bonus” with detailed information on:

  • Selected hotel sales data
  • Loan details on originations and refinancings
  • Equity raises

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Contact Information
Jim Butler, Chairman
Global Hospitality Group®
Jeffer Mangels Butler & Mitchell LLP
(310) 201-3526 • jbutler@jmbm.com
www.HotelLawyer.com

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