06 May 2010
Hotel Lawyer with industry leader presentations from JMBM’s 20th annual hotel conference — Meet the Money® 2010.
If you missed Meet the Money® this year, you missed one of the most timely, informative and exciting industry conferences. But you can still benefit from the wealth of information that was shared by industry experts, as we will make much of it available to you here, on the Hotel Law Blog.
So here is a start on what happened . . .
The consensus among conference participants is that the worst is behind us. Transactions and financing are beginning to happen, but . . . there are plenty of speed bumps in the road ahead. The future is anything but smooth or certain: increasing loan defaults, recapitalization of banks so they can finally deal with troubled loans, other shoes to drop. Recovery scenarios are haunted by the spectre of terrorism, pandemics, sovereign financial collapse, bubbles in Asia, and consumer debt at close to 100% of GDP.
Yes. Sometime in the last 30-90 days, we clearly reached some kind of a turning point . . . Things are not getting worse as fast as they were, but a long recovery will not bring relief fast enough for many.
Where are we now and where are we going? Take a look at the industry trends shown in the latest presentations given by some of the industry leaders at Meet the Money® 2010.
State of the Hotel Industry from the Industry Leaders
Here are the PowerPoint presentations from four of the industry leaders given earlier this week at Meet the Money® 2010.
This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We’ve done more than $87 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 $125 billion of hotel transactions, involving more than 4,700 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 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.