Condo Hotel Seminar Set for March 10-11, 2005
in Rancho Mirage, California 

Condo Hotels - 
Why All the Buzz? What You Need to Know


 
LOS ANGELES, Calif., October 25, 2004 — Responding to the hottest hospitality industry trend in a decade, Jim Butler, Chairman of the Global Hopsitality Group at the law firm, Jeffer Mangels Butler & Marmaro LLP (JMBM), announced that his firm was sponsoring a special executive briefing to address the rising tidal wave of interest and concern about condo hotels, at a comprehensive, one-day program: “Condo Hotels – Why All the Buzz? What You Need to Know.” 

Aimed at active participants in the hotel industry—owners, developers, investors, lenders, or consultants—the program will review the fundamentals for novices and experts alike, as well as examine some of the more complex and sophisticated issues surrounding condo hotels.  The meeting will be held at the Rancho Las Palmas Marriott Resort & Spa in Rancho Mirage, California, to begin with a “can’t miss” evening cocktail reception on Thursday, March 10, 2005, followed by the full-day condo hotel program, featuring presentations by top industry experts on Friday, March 11, 2005. In addition to the opening reception, the event includes a continental breakfast, lunch and closing reception, as well as a copy of “The Condo Hotel Handbook.”  Space and room availability are restricted at the program and at this “peak season” Palm Desert resort. 

This information-packed session will offer participants practical advice, fast-moving, on-time and on-target. According to Jim Butler, “Our expert panelists are in the thick of the hotel condo phenomenon, have been through the process, and they know the ‘ins’ and ‘outs’ of successful hotel condo projects. These are the people you really want to hear and meet one-on-one.

“Condo hotels have emerged as the hottest development in the hospitality industry, in part, because of the quick return on investment they can provide in the right situation,” said Butler. “But keen analysis is critical, and they do not work everywhere,” he added. 

The critical topics covered by the panel of condo hotel veterans include:

  • What is a “condo hotel”? What are the alternative condo hotel regimes? Why pick one over another? What are the key steps in the condo hotel process?
  • Why is everyone talking about condo hotels?
  • What are the three biggest reasons to add condos to your next hotel project?
  • Why shouldn’t every hotel project have condos?
  • How important are brands for condo hotels? What will a brand cost you?
  • What is the secret to sorting out the maze of documents and relationships? What are the critical commercial terms?
  • When is a condo hotel offering a “security”? Why should you care? How do you avoid having a “security”? What are the alternative approaches?
  • Who is going to sue you and why? How do you minimize your exposure?
  • When can you sign up buyers and take down-payment deposits on a condo unit? What are the biggest problems in structuring and controlling the sales force?
  • What attracts the most favorable financing?
Butler urged those who are interested to act quickly. “We don’t want to disappoint anyone, but space is limited. We just put the program together and the response has been overwhelming.” Hotel rates can be extended through the weekend for those who are able to stay over and take advantage of the nice weather Palm Desert normally experiences in March, and some of the more than 100 golf courses in the immediate area.

This event begins with a welcome reception on Thursday night, March 10, 2005 at 7 pm. The conference starts on Friday morning at 8 am with registration and a continental breakfast, includes lunch, and concludes with a wrap-up reception at 5 pm where participants can unwind and get to know the presenters. The Condo Hotel Handbook also is included. Registration is $350. Additional information is available by calling (310) 785-6707, or register online at www.jmbm.com/condoseminar



 
Contact:
Jeffer, Mangels, Butler & Marmaro LLP
Jim Butler
1900 Avenue of the Stars
Los Angeles, CA 90067
Phone: 310-201-3526
Email Jim Butler at jrb@jmbm.com
web site
Also See: Condominium Hotels: The Latest Strategy for Hotel Waterpark Resorts/ October 2004
The Falor Companies Positions Itself Quickly as a Leader in the Condo-hotel Industry; Will Close $1.2 billion in Hotel Acquisitions by the End of 2005 / October 2004
Linking Condos to Hotels Can Take a Marginal Hotel Project and Make it Feasible / December 2003


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