26 June 2009
This is one of many articles on the subject of “troubled hotel loans – workouts, bankruptcies & receiverships” in the rich library at www.HotelLawBlog.com.
Hospitality Lawyer with new data indicating hotel foreclosures will set new records
On June 26, 2009, Atlas Hospitality released the results of its study on foreclosures in California We think these results have much broader implications for the hotel industry on a national basis. Here is the latest.
24 June 2009
This is one of many articles on the subject of “troubled hotel loans – workouts, bankruptcies & receiverships” in the rich library at www.HotelLawBlog.com.
Hospitality Lawyer with some grim predictions and observations for hotel lenders and owners.
On June 24, 2009 the Federal Reserve left interest rates and its policies unchanged. Government forecasters predicted that unemployment will continue to rise from its already high level of 9.4% and will not begin a reverse trend until “some time next year.” And today in CNBC and Bloomberg interviews, Warren Buffett said he sees unemployment continuing to rise. He does not seem to see “green shoots” of economic recovery in the United States.
Unfortunately this is all consistent with a much delayed recovery for the hotel industry, likely in 2011 or beyond. In today’s Bloomberg article, Morgan Stanley analysts are quoted as saying “The hotel loan delinquency rate is currently 4.7 percent and is likely to reach 8.2 percent — the peak rate in the 2001 economic downturn — by the end of the year.”
Here is some more information on the continuing crisis in the hospitality industry.
16 June 2009
This is one of many articles on the subject of “troubled hotel loans – workouts, bankruptcies & receiverships” in the rich library at www.HotelLawBlog.com.
This is one of many articles on the subject of “troubled hotel loans – workouts, bankruptcies & receiverships” in the rich library at www.HotelLawBlog.com.
Hospitality Lawyer with the latest update from PKF on what lies ahead for the hotel industry.
Mark Woodworth and his colleagues at PKF Hospitality Research have released PKF’s latest report on the U.S. lodging industry, it’s turning points and prospects. I thought you might find it useful as you consider options for dealing with troubled hotel assets, and hope you will keep us in mind as you face coming challenges.
14 June 2009
Hospitality Lawyer in New York at the NYU hotel investment conference with some interesting projections from Steve Rushmore of HVS.
One of my favorite presentations at the NYU hotel investment conference earlier this month was by Steve Rushmore, president and founder of HVS. His entire slides show is worth studying and you can view it in its entirety by clicking on the link at the end of this article.
But a few of the slides particularly caught my attention — the ones on hotel values — when they bottom, when they recover, best and worst markets for the next few years, and along with some good advice for buyers, lenders and owners.
4 June 2009
Hospitality Lawyer with more from the New York hotel conference.
Earlier this week, we gave you our initial take on the NYU hotel conference. Now here are some of the things we heard that we thought worthy of note.
31 May 2009
Hospitality Lawyer with hotel industry insights from New York City.
The NYU Hotel Investment Conference is the grand daddy of them all — Stephen Brener would be proud if he were alive today to see what his vision had blossomed into. And as much as I love our Meet the Money®, and the Phoenix Lodging Conference, this is the greatest hotel investment conference in the country. It is the place you have to be if you are in the industry and doing business.
The Conference kicked off tonight with its Grand Reception at the Waldorf=Astoria with the Who’s Who of the industry present, and here is what we see.
03 June 2009
Hospitality Lawyer Insights from Meet the Money® 2009: The hospitality lawyers of JMBM’s Global Hospitality Group® have presented an annual hotel conference for 19 years. On May 5-7, 2009 in Los Angeles, California, nearly 400 industry leaders gathered at the Sheraton LAX for Meet the Money® 2009.
03 June 2009
Hospitality Lawyer Insights from Meet the Money® 2009: The hospitality lawyers of JMBM’s Global Hospitality Group® have presented an annual hotel conference for 19 years. On May 5-7, 2009 in Los Angeles, California, nearly 400 industry leaders gathered at the Sheraton LAX for Meet the Money® 2009.
27 May 2009
Hospitality Lawyer Insights from Meet the Money® 2009: The hospitality lawyers of JMBM’s Global Hospitality Group® have presented an annual hotel conference for 19 years. On May 5-7, 2009 in Los Angeles, California, nearly 400 industry leaders gathered at the Sheraton LAX for Meet the Money® 2009.
26 May 2009
Hospitality Lawyer Insights from Meet the Money® 2009: The hospitality lawyers of JMBM’s Global Hospitality Group® have presented an annual hotel conference for 19 years. On May 5-7, 2009 in Los Angeles, California, nearly 400 industry leaders gathered at the Sheraton LAX for Meet the Money® 2009.