“Meet the Money ’98”
A Dramatic Success
| JMBM Hospitality Industry Leadership Award honoree for 1998 |
| JMBM Launches Cornell Scholarship |
| Featuring the largest hotel finance panel in the United States, with
more than 40 of the top debt and equity financing sources, JMBM’S 8th Annual
Hotel Conference brought raves from more than 400 hotel industry executives.
The action-packed one-day conference was moderated by Jim Butler and Peter
Benudiz of the Firm’s Global Hospitality Group.
Competition for Finance Sources. With panels represented by the top banks, life companies, pension funds and advisors, credit companies, and Wall Street Firms, the panelists told tales of more abundant and competitive — though cautious — financing. CEO Panel Highlight. Laurence Geller, president of Strategic Hotel Capital got the sparks
flying on the CEO lunch panel with Doug Geoga, president of Hyatt Hotels
Co., Tom Lattin, president of Patriot American Hospitality and Paul
Whetsell, president of CapStar Hotel Co. in a friendly, but spirited, comparison
of operating styles and strategies.
JMBM Launches Cornell Scholarship At JMBM’s 8th Annual Hotel Conference, held on May 7, the Firm announced the creation of a $50,000 scholarship endowment fund at the Cornell School of Hotel Administration — the JMBM Hospitality Scholarship Fund. Each payment on the Firm’s pledge will be used to honor a leader in the hospitality industry and each year the scholarship will be awarded to an outstanding Cornell hospitality student. In his announcement, Global Hospitality Group Chairman Jim Butler remarked, “JMBM has been extraordinarily fortunate to become a leader in an industry that is dynamic, exciting, and changes with every single room-night. The JMBM Scholarship is our way to thank the industry, honor its leaders and make a meaningful contribution to the long-term advancement of hospitality.” In the coming months, JMBM and Cornell will announce a scholarship selection process to encourage the best student applicants. The JMBM Hospitality Industry Leadership Award honoree for 1998 is James J. Eyster, Professor of Hotel Finance and Real Estate at Cornell University. Butler commented that Eyster is “a natural for our first award. He’s an outstanding hospitality luminary in educating the industry’s future leaders, bringing the rigors of academia to business research, consulting to clients with wisdom, and holding us all to the highest standards of ethical conduct and social responsibility.” |
| CAVEAT: Nothing in this newsletter constitutes legal advice, which can only be given by a lawyer based upon all the relevant facts and circumstances of a particular situation. Please call us if we can assist you with legal advice! |
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JMBM is a full-service, business law firm of more than 140 attorneys with offices in Los Angeles and San Francisco and with an independent network of over 1,600 lawyers in more than 75 cities world-wide. We have been involved in hundreds of transactions spanning the globe and representing over $12 billion in total sales, financings, and acquisitions of lodging and leisure properties and companies. We handle: financing, acquisition, sale, bankruptcy, ownership structure and dispute issues, securities, litigation, mergers and acquisitions of companies, union and employment matters, employee benefits, repositionings, management of franchise matters, recreational use agreements, trademarks, litigation of any sort, insurance claim, disaster, timeshare and vacation ownership, tax, foreclosure, and virtually every other challenge.
For more information:
Visit Jeffer, Mangels, Butler & Marmaro LLP’s web
site.
Email Jim Butler at jrb@jmbm.com
Or contact:
Jim Butler at the Firm
Jeffer, Mangels, Butler & Marmaro LLP
2121 Avenue of the Stars
Los Angeles, CA 90067
Phone: (310) 203-8080