About Jim Butler
Subscribe
By RSS

rss-32

Featured Articles

Featured Articles

Hotel Lawyers -- featured subjects and articles
Meet the Money® 2014

ADA defense and compliance

EB-5 financing

Workouts, bankruptcies & receiverships

Hotel Management Agreements

Hotel Franchise & License Agreements

Hotel industry trends

This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer. Please contact me at Jim Butler at jbutler@jmbm.com or 310.201.3526.

Published on:

15 June 2015

Bill Blackham, President and CEO of Supertel Hospitality, speaks in the video below about new supply and assets coming to the marketplace for sale, changing guest expectations across different segments, and financing for new development.

Bill spoke with Bob Braun, a senior partner in the JMBM Global Hospitality Group®, as part of our video interview series on hotel finance and investment opportunities in 2015.

A transcript follows the video.

Bill Blackham discusses new hotel supply and assets for sale - Meet the Money®


Bob Braun: I’m Bob Braun, I am a partner at Jeffer, Mangels Butler and Mitchell. I’m part of the Global Hospitality Group®. I’m here at Meet the Money® 2015 for our 25th Anniversary, and I’m talking with Bill Blackham, who is the President and CEO of Supertel Hospitality. Bill, it’s good to have you here.

Bill Blackham: Thank you Bob, it’s nice to see you again. CONTINUE READING →

Published on:

12 June 2015

Elizabeth Braman, Chief Production Officer at Realty Mogul, discusses crowdfunding for hospitality real estate projects and the benefits to investors in the following video.

Elizabeth spoke with David Sudeck, a senior partner in the JMBM Global Hospitality Group®, as part of our video interview series on hotel finance and investment opportunities in 2015.

A transcript is below the video.

Elizabeth Braman discusses financing hospitality deals through crowd funding - Meet the Money®


David Sudeck: I’m David Sudeck. I’m with Jeffer Mangels Global Hospitality Group®. We’re here at the 25th Annual Meet the Money® Conference. I’m here with Elizabeth Braman, Chief Production Officer at Realty Mogul. Welcome.

Elizabeth Braman: Thank you. CONTINUE READING →

Published on:

11 June 2015

Mike Cahill, CEO and Founder of Hospitality Real Estate Counselors and co-chairman of the Lodging Industry Investment Council, speaks in the video below about activity in the 2015 hospitality market, the current cycle and where we may be headed next, distressed hotel sales from lenders, and interest rates and other potential disruptors to the hotel industry.

Mike’s conversation with Bob Braun, a senior partner in the JMBM Global Hospitality Group®, is part of our video interview series on hotel finance and investment opportunities in 2015.

A transcript follows the video.

CahillThumbForBlog


Bob Braun: Hi, I’m Bob Braun. I am a Partner with Jeffer Mangels Butler & Mitchell, and I am here at Meet the Money® 2015, our 25th anniversary, and I am sitting with Mike Cahill, CEO and founder of HREC. Mike, thanks very much for coming and spending a little time with us.

Mike Cahill: Thank you for having us. CONTINUE READING →

Published on:

01 June 2015

In the Hotel Business article “Industry optimism still remains at Meet the Money,” executive news editor Stefani C. O’Connor captured perfectly the atmosphere of Meet the Money® National Hotel Finance and Investment Conference, organized by JMBM’s Global Hospitality Group®. that took place May 5-7 in Los Angeles.

She wrote: CONTINUE READING →

Published on:

07 May 2015

Meet the Money® 2015 – Information, deals, reflection, and celebration
Conference presentations now available

JMBM’s Meet the Money® 2015, held at the Sheraton LAX in Los Angeles, wrapped up its 25th national hotel finance and investment conference this week. The hotel lawyers in JMBM’s Global Hospitality Group were fortunate to celebrate such a significant milestone (25 years!) at a time when the hotel industry is breaking all-time records – RevPar, Occupancy, Rooms Sold, Room Revenue, Transaction Value, you name it.

Hotel fundamentals are strong, interest rates rate are low, demand is strong, and hotel investors are happy! There was general consensus that the good times will continue for at least another year or two, and some think it could last even longer. It was truly a great pleasure to hear about all of the profitable and creative deals that are going on.

While everyone acknowledged that it’s a great time to be in the hotel industry, there was plenty of healthy reflection about lessons learned from the Great Recession as well as discussion about preparing for the inevitable downside of the current cycle.  Our speakers – a Who’s Who of the hotel world – represented an experienced and disciplined approach to hotel finance and investment.

You can read more about the conference in the column written by Stefani C. O’Connor in Hotel Business: With Eye to Horizon, Industry Optimism Remains at Meet the Money Conference.

Select Presentations Now Available for Free Download

We are pleased to share with you some of the presentations from the conference. To view a list of presentations, go to Hotel Industry Presentations on HotelLawyer.com.

Individual presentations include: CONTINUE READING →

Published on:

05 May 2015

The 2015 LIIC Top Ten: Hotel Investors Bask in Rare & Glorious Sunshine

Each year at Meet the Money® – the national hotel finance and investment conference, Mike Cahill announces the “LIIC Top Ten” – a profile of investment sentiment and attitudes for the hotel industry that is gathered through an annual survey of the Lodging Industry Investment Council (LIIC). LIIC is the hotel industry think tank whose members own or operate billions of dollars of hotel investments and involves all aspects of the industry. In fact, 60% of LIIC hotel owners successfully purchased a hotel in the last 12 months, and 47% currently have additional acquisitions under a purchase and sale contract.

Along with Mike Cahill of Hospitality Real Estate Advisors (HREC) and Sean Hennessey of Lodging Investment Advisors, I am pleased to be one of the co-chairs of LIIC. I am grateful to Mike Cahill for analyzing the survey results which result in the annual LIIC Top Ten.

Mike reported that the 2015 survey resulted in the most positive outlook of the hotel industry for the foreseeable future, since the LIIC surveys began!  Yes, there are concerns – the interest rate environment, the strength of the dollar, new supply among others – but for now, expectations are being met or exceeded, and LIIC members expect more of the same in the near future.

Appropriately titled, “Carpe Diem: Hotel Investors Bask in Rare & Glorious Sunshine,” you can click here to see Mike’s presentation. You will find it interesting. CONTINUE READING →

Published on:

28 April 2015

Meet the Money® 2015 Spotlight

Rich Clark, Managing Director of Arthur J. Gallagher & Co.

Rich Clark, Managing Director of Arthur J. Gallagher & Co.

The Hotel Law Blog is highlighting some of our Meet the Money® 2015 sponsors as the national hotel finance and investment conference approaches. In the Q&A below,, describes how the risk management company approaches the unique needs of hospitality companies.

You can hear from Rich and 100 other speakers at Meet the Money® 2015, coming up May 4-6 in Los Angeles. The window of opportunity for hotel deals and development is wide open, and the 25th year of our conference will help you make the right choices and meet the right people to add value to your deals in 2015 and beyond. Register now at www.MeetTheMoney.com.


Jim Butler: Tell us a little bit about yourself. Where are you from? How did you get into the insurance business and hospitality. When did you join AJ Gallagher and come to your present position? What are responsibilities at AJ Gallagher now?

Rich Clark: I am originally from Nashville, Tennessee, and started in the insurance business out of college as an underwriter with an insurance carrier. I moved to the broker side five years later to a firm in Memphis, and moved to Houston in 1985 with a national broker. Two years later, with a group of guys from New York, I opened a new brokerage firm with offices in New York, Hartford, Irvine and Houston. We sold this company to Arthur J. Gallagher in 2001, which is when I joined.

I began specializing exclusively in hospitality in 1992—three of my hospitality clients have been with me for more than 20 years. In late 2001, we launched the Real Estate and Hospitality practice for Gallagher. We later decided to create a separate hospitality practice due to the big differences in hospitality from the other asset classes within real estate. I am the National Practice Leader for Gallagher Hospitality, and a part of the newly formed Global Hospitality Practice. I remain involved in the real estate practice, and am also a Regional Director for the Gallagher Property Insurance Practice.

Jim: Tell us about some of your current or recent engagements. Who are you working with and what are you doing? How are you and your team spending your time? CONTINUE READING →

Published on:

27 April 2015

Meet the Money® 2015 Spotlight

Rob Palleschi, Global Head Full, Service Brands of Hilton Worldwide

Rob Palleschi, Global Head Full,  Service Brands of Hilton Worldwide

The Hotel Law Blog is highlighting some of our Meet the Money® 2015 sponsors as the national hotel finance and investment conference approaches. In the Q&A below, Rob Palleschi, Global Head, Full Service Brands of Hilton Worldwide, discusses how he got started in the hospitality industry, and what the global brand is expecting in 2015.

You can hear from Rob and 100 other speakers at Meet the Money® 2015, coming up May 4-6 in Los Angeles. The window of opportunity for hotel deals and development is wide open, and the 25th year of our conference will help you make the right choices and meet the right people to add value to your deals in 2015 and beyond. Register now at www.MeetTheMoney.com.


Jim Butler: Tell us a little bit about yourself. How did you get into the hospitality business? What are responsibilities at Hilton now?

Rob Palleschi: I started working in the hotel business in high school, at the front desk and as a night auditor. Later, I went to Johnson & Wales University for Hotel/Restaurant Management…and here I am. I’ve been in the hospitality industry for over 25 years, and I currently oversee all aspects of Hilton Worldwide’s flagship brands and a portfolio of over 550 hotels through the world. I’ve also overseen the DoubleTree brand in the past, strategizing development, implementation, and enforcement of brand standards. CONTINUE READING →

Published on:

30 March 2015

Meet the Money® National Hotel Finance & Investment Conference
May 4-6, 2015 in Los Angeles


The window of opportunity is open – choosing the right deals

LOS ANGELES–Meet the Money® 2015 will mark the 25th year that hotel owners, operators, developers, consultants, investors, brands, lenders and other capital providers convene in Los Angeles to explore opportunities for hotel development and deals.

“Industry fundamentals are strong, interest rates are low, debt and equity are flowing, and overseas investors are lining up to invest in hotels,” said Jim Butler, Chairman of JMBM’s Global Hospitality Group®. “The window of opportunity is wide open. The challenge now is to choose the right deals for you and your company.”

Meet the Money® 2015 will include presentations on how developers are using new financing sources, such as crowd funding and EB-5 financing, as part of the capital stack for new projects. Industry experts will share up-to-the minute information on valuation, buying, selling, repositioning, and financing hotels.

This year, Meet the Money® will offer a new Monday afternoon session—the Resort Development Workshop: Mixed Use and Shared Ownership. Hosted by Platinum Sponsor Interval International and the Global Hospitality Group®, the Resort Development Workshop will explore mixed-use and shared ownership with industry experts across a diverse mix of disciplines, focusing on the business models and opportunities for hoteliers, developers and investors. CONTINUE READING →

Published on:

12 February 2015

Succession planning for the family-owned hospitality business: protecting your family and your business

The hospitality industry has been kind to families over the centuries, providing a good living for many, and significant wealth for others.

Whether your family owns a hotel management company or hotels — involved with one or two small properties or a large chain of hotels — the responsibilities of your family-owned business are as profound as the advantages.

Ensuring that the business continues to operate and provide for the family and others whose livelihood depends on it after one’s retirement or death is important. It is one of the critical responsibilities of the founders and senior management of the family-owned hotel business. Will family members want to keep running the business, and be prepared to do so? Will they want to sell the business? Keep the business and hire outside management?

Providing for continuity and certainty

Business detests uncertainty. It has a bad effect on all concerned, including business partners, employees, customers, vendors and other stakeholders. Succession planning helps eliminate unnecessary disruptions and uncertainties.

Recently, I was interviewed  by Brendan Manley, a contributor to STR’s Hotel News Now, about this issue.  In his article, Brendan made the point that “The timeline for a change in succession also is critical, because hotels are a 24/7 concern that require constant care and attention. Operators might hope for a quick, clean change in ownership in the event of an owner’s death, while grieving family members might desire a gradual change. Striking a balance between those two attitudes is yet another delicate tightrope one must walk.”

Addressing these kinds of difficult issues in advance, in a succession plan, is difficult to do. But many closely-held business owners embrace the responsibility and get help from experts who can walk them through various scenarios and outcomes.

CONTINUE READING →

Contact Information