News for the Hospitality Executive
Hotel Lawyers on Terminating Hotel Operators:
By Jim Butler, Global Hospitality Group®,
Author of www.HotelLawBlog.com
August 29, 2011
Hotel Lawyer update on Hotel owners terminating hotel operators. Over the years we have spent a lot of time on the subject of getting a great hotel operator and terminating bad ones. Owner discontent seems to erupt when operators continue to deliver disappointing results and ignore owner's requests to drive the top line and manage costs. Then the operators wonder why owners are upset. See for example "Terminating hotel management agreements when things don't work" and "How to terminate a hotel management agreement when an operator really deserves it!".
Turnberry Isle Resort back under founding family's management and control.
Over the weekend, the owners of the Turnberry Isle Hotel & Resort in Aventura, Florida took control of their hotel and terminated their relationship with Fairmont Hotels.
The resort was created by the Soffer family's Turnberry Associates in the 1970s, and reacquired in 2006. Turnberry recently completed a $150 million renovation. The hotel had been operated by the Fairmont chain until Sunday, August 28, 2011.
Looking to the future, C. Scott Rohm, President of Turnberry Hotel Group, said, "We've had a long relationship with Fairmont Hotels and thank the company for its efforts," However, he said it was time for a change. "Turnberry Hotel Group is re-emphasizing the glamour, personalized service and experiences that reflect the iconic resort's unique history and character."
Nearly all staff members invited to stay. All reservations will be honored and no change in scheduled events
In a statement, the company said that nearly all Turnberry Isle staff members have been invited to stay. The management change should not affect existing reservations or scheduled events.
Founded more than five decades ago by Donald Soffer, Turnberry Associates' signature properties include Aventura Mall, Fontainebleau Miami Beach and Porto Vita in South Florida, Turnberry Place and The Residences at MGM Grand in Las Vegas, Union Station hotel in Nashville, Tenn., and Destin Commons in Florida's Emerald Coast.
This development was carried as breaking news by the Miami Herald on August 28, 2011. See Turnberry Group once again managing Turnberry Isle Resort.
The owners of the Edition Waikiki in Honolulu also terminated
Marriott as their operator and replaced Marriott with Aqua Hotels. See Marriott
Loses Trendy Waikiki Hotel as Owner Changes Locks Overnight.
Jim Butler is a founding partner of JMBM, and Chairman of its Global Hospitality Group® and Chinese Investment Group™. Jim is one of the top hospitality attorneys in the world. GOOGLE "hotel lawyer" and you will see why.
Jim and his team are more than "just" great hotel lawyers. They are also hospitality consultants and business advisors. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them.
JMBM’s Global Hospitality Group®
The hotel lawyers in the Global Hospitality Group® of Jeffer Mangels Butler & Mitchell (JMBM) comprise the premier hospitality practice in a full-service law firm and are the authors of the Hotel Law Blog. We represent hotel owners, developers, investors and lenders and have helped our clients find business and legal solutions for more than $60 billion of hotel transactions, involving more than 1,000 properties worldwide. For more information about the Global Hospitality Group®, go to www.HotelLawBlog.com. For more information about full range of legal services provided by JMBM, go to www.JMBM.com.
Lawyers on Terminating Hotel Operators: M Edition Lawsuit Against
Marriott Has a New Twist - Marriott is Replaced Overnight / Jim
Butler / August 2011
Lending Lawyer: What every hotel lender needs to know about SNDA's
/ Jim Butler & Guy Maisnik / August 2011
Lending Lawyer: What every hotel lender needs to know about HMAs and
hotel franchise agreements / Jim Butler & Guy Maisnik / August
Lawyer on the Importance of Brands - Intellectual Property Rights and
What They Mean: Family Suites Resorts v. Viacom International d/b/a MTV
Networks - a Suit Over Branding / Jim Butler / August 2011
Lawyer on the Fiduciary, Contractual and Agency Duties of Hotel Brokers
- Host Hotels & Resorts LP v. Molinaro Koger Litigation / Jim
Butler / August 2011
Waikiki's Edition Lawsuit Against Marriott International and Ian
Schrager - an Owner's HMA Dispute with Marriott and What it All Means
/ Jim Butler / August 2011
Investment: Why Asian investors are targeting U.S. hotels for purchase
and investment, and what could it mean for you? / Jim Butler /
Developers: Why a "regional center" may be the key to financing your
next hotel development or expansion. And what you need to know... /
Jim Butler / July 2011
to use the EB-5 Immigrant Investor Visa Program for financing / Jim
Butler / July 2011
Announces Formation of the Chinese Investment Group™ - Hotels, Real
Estate, EB-5 Immigrant Investor Visas / July 2011
Lawyer: How do you know when you should set up a captive insurance
company for your hotel? Take our "litmus test". / Jim Butler &
Gordon Schaller / July 2011
Lawyer: What you need to know about the "ancillary benefits" of setting
up a captive insurance company / Jim Butler & Gordon Schaller /
Lawyer: Are you thinking about setting up a captive insurance company?
Maybe you should be. . . / Jim Butler & Gordon Schaller / June
Lawyer in New York with pre-NYU industry forecast: Sunny with
occasional clouds and NO storms on the horizon / Jim Butler / June
Lawyer with the Executive Roundtable Results; Debt is returning, equity
is out looking, and we've passed the bottom of the trough. Why now is
the time to purchase a hotel. / Jim Butler / June 2011
Defense Lawyer: How to Quickly Lose Business. (No ADA-Compliant
Reservation System) / Jim Butler & David Sudeck / May 2011
Lawyer with Fresh Perspectives on the Hotel Industry from Smith Travel
/ Jim Butler / May 2011
Lawyers with PKF and Mark Woodworth's Lodging Overview / Jim Butler
/ May 2011
Lawyers' Updates on Capital and Debt Markets for Hotels, Transaction
Sales Data and Financings / Jim Butler / May 2011
Lawyer with Updates on Hotel Cap Rates, Values and Transactions /
Jim Butler / May 2011
Lawyer with nuggets from JMBM's Meet the Money® 2011 / Jim
Butler / May 2011
Lawyer: The hotel transaction market is heating up! / Jim Butler /
Lawyer with good news! A new federal court decision upholds condo hotel
structure. No "securities" involved as structured. Disgruntled condo
hotel unit purchaser lawsuit dismissed. / Jim Butler / April 2011
the Money®: Hotel Financing Renaissance is Underway! / Jim
Butler / April 2011
Global Hospitality Group® announces publication of The HMA
Handbook, a FREE practical guide for negotiating Hotel Management
Agreements for Hotel Owners, Developers, Investors and Lenders /
a Hotel? Don't Buy an ADA Lawsuit or DOJ Investigation / Jim Butler
/ March 2011
Lawyer on Hotel Management Agreements: Exculpation Clauses for
Protecting the Owner's Assets / Jim Butler / February 2011
Defense Lawyer: How to handle an ADA lawsuit....and How not to do it
/ Jim Butler / February 2011
Lawyer: 5 Key Elements for Good Hotel Management Agreement Budget
Provisions / Jim Butler / February 2011
improving fundamentals make 2011 the year of "Great Expectations" for
the Hotel Industry / Jim Butler / February 2011
the Hotel Lawyer: 2011 is starting as the year of "Great Expectations"
for the hotel industry! / Jim Butler / January 2011
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