7 December 2008
Please see “troubled hotel loans – workouts, bankruptcies & receiverships” for the latest articles on troubled hotels.
Hospitality Lawyer with something that every Lender and every Borrower with a troubled hotel loan should look at: a solution to unlock value in underwater hotel loans. This is something unique and timely as hotel bankruptcies loom large, and Borrowers contemplate “handing the keys back” to the Lender.
There is a better way!
1 December 2008
Hospitality Lawyer with insights on “What you CAN do NOW” . . . before the pending Employee Free Choice Act is adopted and the unions come calling. Today we are going to talk about a monumentally important event facing the hotel industry, that is almost certain to happen with Barack Obama’s election. It is something that will affect virtually every hotel in the United States, and there is probably a very limited window of a few months that you can do something that will have a long lasting benefit for your hotel. But you have to act very soon.
25 November 2008
Please see “troubled hotel loans – workouts, bankruptcies & receiverships” for the latest articles on troubled hotels.
Hotel Lawyer with some solutions for underwater hotel loans. The SAVE® Program stands for Strategies & Approaches for Value Enhancement
Today, we want to talk about the scenario where Lenders and Borrowers find that there is “not enough to go around” to take care of everyone, but we find a way to create significant additional value.
24 November 2008
Even the ARDA Conference in Washington, DC last week reflected the gloomy financial crisis when our timeshare guru, David Sudeck, was there. The usually ebullient crowds were more subdued than normal. In fact, one gentleman in the elevator commented that he considered wearing a noose rather than a tie around his neck at the conference. Ironically, the demand for all flavors of timeshare, fractional, vacation ownership and clubs seems remarkably resilient given the current situation, but the wholesale absence of financing does present some serious problems.
If you missed David’s last report (See Hotel and Timeshare Lawyer insights on special implications of “the downturn” for Vacation Ownership), this is the critical follow-up on how vacation ownership developers can protect themselves.
Hotel Lawyers | Authors of www.HotelLawBlog.com
19 November 2008
Hospitality Lawyer with updated thoughts from the latest commercial real estate finance program in San Francisco.
Many of my friends in the hotel industry are in denial. Others are consumed with the daily drama of the unfolding financial panic. I am excited that we are about to see some of the greatest financial opportunities of our lifetime.
Here are some thoughts that I presented yesterday as keynote speaker at the 6th Annual Bay Area Income Property Lending Conference.
18 November 2008
by Martin H. Orlick
A “professional plaintiff” that has filed more than 400 nearly identical lawsuits against hotels, restaurants and other businesses in California may have to find a new line of work. The U.S. Supreme has let stand a prior ruling that this serial plaintiff, and his lawyer, cannot file ADA lawsuits without first obtaining the court’s permission.
16 November 2008
Please see “troubled hotel loans – workouts, bankruptcies & receiverships” for the latest articles on troubled hotels.
Hospitality Lawyer: Turnarounds, workouts, receiverships, bankruptcies and deeds in lieu for troubled and defaulted hotel mortgage loans. As the bad news continues from the Global Financial Crisis, and as the recession bites deeper, the hotel industry is starting to feel the pain.
15 November 2008
Please see “troubled hotel loans – workouts, bankruptcies & receiverships” for the latest articles on troubled hotels.
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: Turnarounds, workouts, receiverships, bankruptcies and deeds in lieu for troubled and defaulted hotel mortgage loans. As we all fasten our seat belts for a rough ride in the Global Financial Crisis, commercial real estate has begun to feel the pain. Hotels will share the fate of the economy, commercial real estate, the airlines and consumer confidence. It does not look pretty.
10 November 2008
Hospitality Lawyer — What does the Financial Crisis mean for vacation ownership projects?
As you may have read in a previous article or press release, David Sudeck recently joined JMBM’s Global Hospitality Group as a hotel lawyer to head up our timeshare and vacation ownership practice. He is a real veteran on the team for these issues. (See “Hotel & Timeshare Lawyer Joins JMBM’s Global Hospitality Group® team“).
David has started writing and posting his own series of articles on vacation ownership. You can access these timeshare and vacation resources under the “Timeshare” TOPIC — one of the tabs at the top — at www.HotelLawBlog.com. You can also just go to https://hotellaw.jmbm.com/timeshare/.
Vacation ownership products (including timeshares, fractional interests, and private residence clubs) have an increasingly important role in the development and repositioning of hotels and resorts, but as the Financial Crisis has gone global, there are some special implications for the industry which David writes about in this timely article.
6 November 2008
Hospitality Lawyer: The EFCA: Why you must act NOW to win the hearts, minds & loyalty of your workforce.
