News for the Hospitality Executive
Ask the Hotel Lawyer:
By Jim Butler and the Global Hospitality Group®,
Author of www.HotelLawBlog.com
January 28, 2011
For the most recent update on this topic, click here
Hotel Lawyer with the pulse of the hotel industry from the ALIS conference in San Diego
After spending the past few days in San Diego at the Americas Lodging Industry Summit or ALIS conference, the hotel lawyers from JMBM's Global Hospitality Group® have a pretty good sense of the "pulse" of the industry. Although attendance at the conference was down significantly from last year, as cost-cutting continues, the mood was decidedly more optimistic, and lots of people were actively working on deals or projects.
We thought the mood reflected a sense of "Great Expectations" - a relatively optimistic sense that the worst is clearly behind us, and that things will only get better from here, however slowly. Debt capital has reemerged for existing projects with established cash flows, and a decent project may get quite a few competitive bids. Property transactions are also happening across the spectrum. Foreign investment, particularly from China is fueling some of the acquisition activity. The REITs and equity buyers are also very active.
Snippets from the Lodging Industry Investment Council (LIIC). At the end of this article, are 3 links to prior musings on the "Great Expectations" theme that may be interesting to review, but here are some of the latest snippets taken from the ALIS conference. Most of these are from members of the Lodging Industry Investment Council or LIIC, a highly regarded industry think tank representing a cross-section of the hotel industry. I'm privileged to be one of the three co-chairman of this prestigious group along with Mike Cahill, CEO and Founder of Hospitality Real Estate Counselors, Inc., and Sean Hennessey, President of Lodging Investment Advisors LLC.
The LIIC meeting was hosted by Hotel Management (the new name for Hotel and Motel Management), and the Roundtable will be reported in that magazine in the near future.
Other anticipations of Great Expectation!
Many of the currents above have been reflected in prior interviews and articles on the Hotel Law Blog, such as the following:
This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We've done more than $60 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 $60 billion of hotel transactions, involving more than 1,000 properties all over the world. For more information, please contact Jim Butler at [email protected] 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.
ADA Defense Lawyer: How a recent ADA case affects all hotels but
particularly conference centers and meeting hotels / Jim Butler /
Lawyer: So, You Think You Want to Buy a Hotel? For savvy investors, the
time could be right / Jim Butler / January 2011
Universal Hotel Sale Facilitated by JMBM's Global Hospitality Group®
/ Jim Butler / January 2011
York Times: Hotel Sector May Lead Economic Recovery / Jim Butler /
Defense Lawyer: California's Certified Access Specialist program --
Does it provide all of the intended ADA protections? / Jim Butler /
"Standards" Can Protect Your Hotel Mixed-use Assets . . . / Jim
Butler / November 2010
Lawyer: Checklist for Negotiating Hotel Management Agreements/Hotel
Operating Agreements - The HMA PRO™ Checklist / Jim Butler /
Continues for Hotels and Commercial Real Estate: New Data Suggests 8
year Downturn, Dismal Prospects and Increased Foreclosures / Jim
Butler / October 2010
|Atlas 2009 Year End Hotel Survey . . . and What it Means / Jim Butler / February 2010|