Paramount Lodging Advisors Successfully Transacts Chicago Renaissance OHare Hotel
Paramount Lodging Advisors | November 7, 2023
Paramount Lodging Advisors Successfully Transacts in Lubbock With the Sale of the Embassy Suites
Paramount Lodging Advisors | January 17, 2023
Real Estate
Will 2015 Hotel Deals Become Even Frothier? You Bet. Why? Just Ask Rubles, Stocks and Bonds
Marc Stephen Shuster | December 23, 2014
By Marc Stephen Shuster and Jeffrey R. Margolis During 2014, the global hotel industry continued to see increases in rates and revenues and, as a result, 2014 was a busy and challenging year for hotel transactions. Although some markets have not yet fully recovered from 2008's global recession, the hotel and hospitality market continues to be one of the strongest in the U.S., with the hotel sector leading all property types in price gains. Transaction activity during 2014 was strong, with buyers competing heavily for the limited amount of assets for sale and sellers seeking to monetize their investment gains. High investor interest cont...
Hotel Lawyer on HMAs: “The Shrinking Terms of Hotel Management Agreements”
Mark S. Adams | December 23, 2014
By Jim Butler and the Global Hospitality Group® 23 December 2014 Click here for the latest articles on Hotel Management Agreements. A version of this article first appeared in Hotel Business Review in December 2014, and this article is reprinted with permission from www.hotelexecutive.com. The shrinking terms of hotel management agreements Better bargaining position for hotel owners on HMAs by Jim Butler and Mark S. Adams | Hotel Lawyers The relationship between hotel owners and managers continues to evolve. Hotel management agreements historically were long-term. Fifty to sixty year terms were common. However, in the last few years, h...
Hotel Financing: JMBM’s Preferred EB-5 Construction Financing Program for Top Developers & Projects
Jonathan Bloch | December 9, 2014
By Jim Butler and the Global Hospitality Group® 09 December 2014 Click here for the latest articles on EB-5 Financing. JMBM is sourcing low-cost mezzanine capital for new construction through EB-5 financing for its top developer-clients. To qualify for this program, the borrower must be an experienced developer with a superb track record, a superior reputation and a great project. If you don't meet those threshold requirements, then don't read any further, because this program does not apply to you. If you are still reading, the question is: "Can you benefit from mezzanine financing with an all-in cost to you of approximately 6 �...
Condo Hotels: Don’t Forget the Secret Sauce!
JMBM | December 2, 2014
December 2, 2014 Click here for the latest articles on Condo Hotels Condo hotels: Don't forget the secret sauce! by Jim Butler, Bob Braun and Guy Maisnik Condo Hotel Lawyers Condo hotels are back in vogue as "securities" Developers particularly like the "new model" where condo hotel investments are offered as a "securities" using the new SEC Rule 506(c) for private placements with public solicitation. Unfortunately, in their enthusiasm for this new model- which is well deserved - many developers will create dysfunctional structures that will be difficult or impossible to correct once they are put in place. These issues can all be avoide...
Plans Move Forward for Old Quarry Commons Development, Including Hotel Portion
BuildCentral | December 1, 2014
Hotel-Online and BuildCentral Add/Update 224 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. December 1, 2014 - Hotel-Online and BuildCentral have added or updated 224 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: 34th Street Oceanfront Hotel (Ocean City, MD) Residence Inn by Marriott (Sunny Isles Beach, FL) ...
Hotel AG Closes 11 Hotel Transactions in November
Hotel AG | November 26, 2014
ATLANTA - December 1, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 11 hotel real estate transactions in the month of November and additionally, has sold or advised on 188 hotel transactions since January of 2013. Of the transactions closed, 8 were Hilton, Marriott or Starwood branded assets and 4 were full-service hotels. Geographically, the hotels were located from New York to Florida along the Eastern Seaboard of the US. The buyers consisted mostly of REITs and investment firms and the clients represented were across several ownership types. Furthermore, the firm has closed 5 portfolios within the las...
Historic Union Square Hotel Mark Twain Emerges From $2 Million Renovation
Hotel Mark Twain | November 20, 2014
San Francisco, CA (November 21, 2014) - Hotel Mark Twain proudly announces a new chapter at the historic hotel following a $2 million renovation. The newly renovated 115 room property is centrally located in downtown San Francisco, just two blocks to Union Square and steps away from the best dining in the city. The renovation was planned with its namesake in mind, weaving a literary theme throughout the hotel. Featuring stylish accents and modern conveniences paired with hints of the hotel's rich history, the new rooms appeal to leisure and business travelers alike. Whimsical elements are incorporated throughout the hotel and in the roo...
Mission Gateway Boutique Hotel Plans Start to Move Forward with Scaled Down Version
BuildCentral | November 17, 2014
Hotel-Online and BuildCentral Add/Update 242 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. November 17, 2014 - Hotel-Online and BuildCentral have added or updated 242 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Dallas Midtown Hotels (Dallas, TX) Barlow Road Hotel (Hudson, OH) Bear Creek Commons Hotel (Wil...
Prediction 2015: Chinese Investment Wave will Create Many Opportunities in the US
JMBM | November 13, 2014
By Jim Butler and the Global Hospitality Group® 13 November 2014 Click here for the latest articles on Chinese Investment or here on EB-5 Financing. As the Chinese economy continues to become more important globally, we are seeing a shift in Asian investment in the United States, particularly in California. Chinese investors will become even more active and influential over the next 10 years, and will continue adapting to Western business practices while retaining a critical sensitivity to their Chinese roots and the demographics of the Chinese population in the United States. The ineluctable demographics China's demographics are ...
ADA Lawyer: FedEx Sued for Failures Regarding the Hearing and Speech Impaired
Martin H. Orlick | November 11, 2014
By Jim Butler and the Global Hospitality Group® 11 November 2014 Click here for the latest articles on ADA ADA Lawyer: FedEx sued for failure to provide effective auxiliary aids and services for hearing and speech impaired employees and job applicants by Marty Orlick | ADA Compliance & Defense Lawyer Effective communication with blind, low vision, deaf, hard-of-hearing, speech impaired and cognitively challenged employees, potential employees, customers and guests is one of the fundamental tenets of the Americans with Disabilities Act of 1990 ("ADA"). For nearly 25 years, the ADA has been the most sweeping civil rights legisl...
Using Condo Hotels for Financing New Hotel Development
JMBM | November 10, 2014
Traditional condo hotel structures as "non-securities" By Jim Butler and the Global Hospitality Group® 10 November 2014 Click here for the latest articles on Condo Hotels High end hotel development in 2015 Almost every developer of a high end or luxury hotel in 2015 will at least consider using the condo hotel approach as a financing technique for new development, conversion or adaptive reuse projects. Anyone evaluating a condo hotel structure needs to know, that with recent changes in the law, there are now two different approaches available: (1) Non-Security Approach — This is the traditional approach used for almost every c...
Hotel Development Financing: How to Win the Race for EB-5 Capital
Jim Butler | July 30, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 30 July 2014 A viable source of capital and now mainstream The EB-5 Immigrant Investment Visa program offers an alternative means of raising capital for hotel development projects in the U.S., and the lawyers in JMBM's Global Hospitality Group® and Chinese Investment Group™ have worked on more than sixty EB-5 projects all over the United States. Over just the past 3 years, the EB-5 program has quickly gained the support of some of the largest, institutional-quality developers as well as major hotel brands. Perhaps a bit late, many develop...
CityFest Hotel (Embassy Suites) in Tuscaloosa Slated to Open September 2014
BuildCentral | June 27, 2014
Hotel-Online and BuildCentral Add/Update 180 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 30, 2014 - Hotel-Online and BuildCentral have added or updated 180 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Stickney Point Hotel & Retail (Sarasota, FL) Sky Hotel Redevelopment (Aspen, CO) Elm Court Estat...
Hotel Lawyer: Growing Together – China and Los Angeles County
June 17, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 19 June 2014 The growth of outbound Chinese investment Earlier this month we posted an article about the surge in Chinese investment as reported by Tiffany Hsu in the Los Angeles Times. See, "China and JMBM's Chinese Investment Group™ are in the news again!" That article prominently featured the Sheraton Gateway LAX hotel, its 15% increase in Chinese travelers since the beginning of the year, and its purchase by our Shenzen Hazens Real Estate Group, and JMBM's role as counsel to Shenzen Hazens. Special Report Just Released: Growing Togethe...
Hotel AG Closes One Hotel Every Five Days
Hotel AG | April 21, 2014
ATLANTA - April 21, 2014 - Hotel AG announced today the firm continues to close 1 hotel transaction every 5 days and has done so for the last 3 1/2 years. The firm has closed 33 hotel transactions over the past 23 weeks. The recent closings range from Hilton and Marriott upscale select service assets to bank deals, private deals and full service hotels. Most of the recent closings were located from the Midwest through the Northeast and along eastern seaboard states with several in Florida. H. Keith Thompson, principle of the firm, commented, "We continue to see great traction in the hotel real estate space across all segments, brand fam...
Hotel Industry Outlook: Jim Butler’s Top 10 for 2014
January 20, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 21 January 2014 Hotel Industry Outlook: Jim Butler's Top 10 for 2014 by Jim Butler | Chairman, JMBM's Global Hospitality Group® A lot of exciting things are happening in the hospitality industry as 2014 opens. Based upon more than $68 billion of hotel transactions, JMBM's Global Hospitality Group® has made its "top 10" pick of the events, issues, trends, and developments that will have the biggest impact on the hotel industry. 1. 2013 will prove to be better-than-expected, but 2014 will ...
De Jongh: Government Issues Expression of Interest for Potential Hotel Development on Water Island
REVPAR International | September 25, 2013
Community input into development that affects residential communities is an issue that Governor John P. de Jongh Jr. admits is personal to him. Water Island is no exception to that rule and earlier this month, de Jongh held a meeting with Water Island residents to address management issues and to announce the issuance of an Expression of Interest for potential hotel development on the island. "We believe that a boutique hotel on Water Island not only provides for further economic activity on the island but a first-step on rebranding our offerings through a public-private partnership that leverages government resources. But, success is o...
Find the Balance in Hospitality Service
BSC Designer | September 17, 2013
One of the buzz-word business concept in last 20 years was the Balanced Scorecard. It was adopted by biggest retailers, banks, IT companies, hospitals and universities. The unique features of the Balanced Scorecard concept help companies all over the word to put together strategy and action, improving service and client satisfaction as a result. Hospitality industry is not an exception, the Balanced Scorecard concept is successfully used in many large hotel chain as well as in local bed and breakfasts. Balanced Scorecard Basics Any business website will tell you that there are 4 perspectives in the Balanced Scorecard: Education and Grow...
Founders of La Quinta, Lettuce Entertain You Enterprises to Enter Hospitality Hall of Honor
Conrad N. Hilton College of Hotel and Restaurant Management | September 5, 2013
HOUSTON—Pioneering hotelier Sam Barshop and successful restaurateur Richard Melman will be inducted into the Hospitality Industry Hall of Honor this year at the University of Houston's Conrad N. Hilton College of Hotel and Restaurant Management. The Hall of Honor, which is housed at Hilton College, was created in 1995 to recognize industry leaders who have made extraordinary contributions to American and international business and society. Barshop, founder of La Quinta Inns & Suites and creator of the limited-service hotel concept, is a Texas native whose lodging career began in San Antonio in 1963. In 1968, he opened the first tw...
Goulston & Storrs Names John Ratino Co-Chair of Hospitality & Recreation Group
Goulston & Storrs | July 24, 2013
Washington, DC – July 26, 2013 – Goulston & Storrs is pleased to announce that John Ratino has been named co-chair of the firm's Hospitality & Recreation group. In June 2013, Goulston & Storrs' Hospitality & Recreation group was recognized by Chambers USA: America's Leading Lawyers for Business for extraordinary client service and ranked nationally in the Leisure & Hospitality category by the well-regarded legal directory. One client noted in Chambers' published results, "they really understand us which enables us to move expeditiously and not have to bring them up to speed on deals." The expansion of the group w...
Architect Named for SBE Hotel Development in Seattle
BuildCentral | June 29, 2013
Hotel-Online and BuildCentral Add/Update 139 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 1, 2013 - Hotel-Online and BuildCentral have added or updated 139 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Greenwich Street Hotel (New York, NY) Convention Center Hotel (Jackson, MS) Element by Westin Hotel (...
New Courtyard Miami Beach Oceanfront Tower Slated for Completion August 2013
BuildCentral, Inc. | June 14, 2013
Hotel-Online and BuildCentral Added/Updated 136 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 17, 2013 - Hotel-Online and BuildCentral have added or updated 136 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Main Street Mixed-Use Development (Royal Oak, MI) LaQuinta (East Syracuse, NY) Coconut Creek Hot...
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