Bloomberg news interview on investment outlook for 2011.
Is 2011 the “last window” for hotel investment in this cycle? Where are the biggest investment opportunities? What do you need to know about hotel investment now?
I thought you might like to hear my interview today on Bloomberg Law on Demand, hosted by Lee Pacchia. Click here to listen to the 10-minute podcast.
7 December 2010
It is always nice to be quoted in the New York Times, especially in a story that includes so many industry heavy hitters, as was the case in the article, After a Rough Night, Hotel Investors Are Waking Up. Reporter Janet Morrissey’s article provides a thought-provoking picture of the current unprecedented hotel investment landscape.
12 October 2010
Hotel Lawyer with a cold splash of realism from new economic data! If you are not ready for the “long haul,” it is time to reassess your strategies . . .
The hotel lawyers of JMBM’s Global Hospitality Group® believe investors, borrowers and lenders should assess their options and develop their strategies based on realistic assumptions and the latest hard data. If you haven’t seen the latest, this is worth looking at.
On October 6, 2010, the International Monetary Fund or IMF released its latest appraisal of the situation for real estate on a global basis (in a report entitled World Economic Outlook October 2010 Recovery, Risk, and Rebalancing). The conclusion was that the prospects in the global real estate sector are “dismal,” with a downturn that could last eight years.
“Especially in the United States, given the limited success of mortgage modification programs and the shadow inventory from foreclosures and delinquencies, this has renewed fears of a double dip in real estate markets. A lot will depend on the path of economic recovery: if employment creation remains low, risks of a double dip in housing naturally increase,” the IMF said.
But the IMF data is not all that is new. Let’s take a look at some other significant data points, including those from Fitch, Deutsche Bank and Atlas Hospitality.
22 September 2010
Hotel Lawyer with the latest pulse of the hotel industry from The Lodging Conference at the Arizona Biltmore in Phoenix Arizona.
The title of this blog says it all. This is the time and place to be – The Lodging Conference in Phoenix, Arizona. We called it at Meet the Money® in May, 2010, but the tide that started turning at the end of the first quarter 2010 has continued its flow and it seems to be unmistakable now. I expect to hear some very exciting things at the Conference here in the next few days.
I would describe the mood of the pre-conference gathering that started this evening as very “EXPECTANT.” Expecting more and better in both transactions . . . and eventually . . . perhaps more slowly . . . better in the fundamentals of the hotel industry.
30 July 2010
Hotel Lawyer with a name change. JMBM’s Global Hospitality Group® is part of a vibrant law firm. Today, that firm announced that it is changing the firm name, but we will still be known as “JMBM.” Here’s the story.
15 July 2010
Hotel Lawyer with the latest information on hotel loan defaults, foreclosures, forebearances and distressed sales in California from the Atlas Hospitality Group.
Less than two weeks after the quarter’s end, Atlas Hospitality has released its California Distressed Hotels Survey (2nd Quarter 2010).
Here is our executive summary of that report, our view of its national implications and what we think it means for owners, lenders and investors.
13 July 2010
Hotel Lawyer with a critical update on the state of the industry
Today, the JW Marriott Los Angeles, we got an update on the state of the lodging industry from two of my favorite industry leaders: Mark Woodworth, President of Hospitality Research, and Mark Lomanno, President of Smith Travel Research.
There is some good news, and some bad news, although both reports were optimistic on the direction we are heading. Here is my take on some highlights with some pertinent slides.
18 June 2010
Hotel Lawyer with lessons from the past on why this is the best time to be lending on hotels
Having recently assisted 3 major lenders design their hotel lending programs and hotel loan documentation, the hotel lawyers in JMBM’s Global Hospitality Group® believe that now is the best time for hotel lending in 20 years. My partner, Guy Maisnik, and I thought you might like to know why we believe this is true. So, here’s why.
02 June 2010
Timeshare lawyer, David Sudeck, organized a great panel of vacation ownership experts who met earlier this month to discuss developments and opportunities for profit within the vacation ownership industry. David Sudeck, a senior member of our Global Hospitality Group® who focuses on vacation ownership issues, writes extensively on issues in this area. (See the section of HotelLawBlog.com devoted to Timeshare …
09 May 2010
Hotel Lawyer with the latest information on hotel loan defaults, foreclosures, forebearances and distressed sales in California from the Atlas Hospitality Group.