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Hotel Lawyer: Preparing for the Corporate Transparency Act
Jim Butler | November 9, 2023
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com In 2021, Congress passed the Corporate Transparency Act in order to combat money laundering and other illegal activities. The CTA goes into effect on January 1, 2024, and requires almost all businesses to file a report with FinCEN identifying their beneficial owners. JMBM’s Taxation, Trusts & Estates Department has written the below article detailing the steps businesses should take to prepare for this new law. Preparing for the Corporate Transparency Act Disclosure of Beneficial Ownership Information to FINCEN by JMBM’s Taxation,...
ADA Update: New Website Accessibility Law Impacting Most Businesses
Jim Butler | October 31, 2023
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of HotelLawBlog.com Many hotel owners already know they need to pay attention to Americans with Disabilities Act (ADA) compliance, both to provide a positive experience for guests and to avoid costly litigation. A proposed new California law, however, should bring their focus to website accessibility; if adopted, business owners, as well as their web developers, would be vulnerable to substantial statutory damages and attorney’s fee if sued by a plaintiff who succeeds in court. JMBM’s ADA Compliance and Defense Team outlines the potential impact of this law...
Three JMBM Partners Recognized by EB5 Investors Magazine
JMBM’s Global Hospitality Group | October 4, 2023
JMBM is pleased to announce that partners Jim Butler, Catherine DeBono Holmes and David Sudeck have been named to EB5 Investors Magazine’s “Top 15 Corporate and Securities Attorneys” list for 2023. Jim Butler authors the Hotel Law Blog and chairs JMBM’s Global Hospitality Group®, which provides business and legal advice to hotel owners, developers and commercial real estate investors. Jim’s team has provided clients with global business and legal advice on more than 4,700 hotels worth more than $125 billion. This advice includes both traditional and specialty financing like C-PACE and EB-5. JMBM’s team has closed more than ...
Hotel Data Security Update: Time Is Short – Reporting Your Data Breach
Jim Butler | July 31, 2023
By Jim Butler and the Global Hospitality Group® This month, the Securities and Exchange Commission (SEC) announced new rules requiring companies who experience a cybersecurity attack to publicly disclose the impact of the attack within four days. Hotel companies whose securities are registered with the SEC should take note of these regulations and develop a robust incident response plan. Bob Braun, senior member of JMBM’s Global Hospitality Group® and Co-Chair of the Firm’s Cybersecurity & Privacy Group, outlines the new regulations below. Time is Short – Reporting your Data Breach by Bob Braun, Hotel Lawyer Over the pa...
Hospitality Finance Breakfast Briefing: Bringing Down the Cost of Capital and Filling Your Capital Stack
Jim Butler | July 26, 2023
By Jim Butler and the Global Hospitality Group® Earlier this week, the Global Hospitality Group® co-hosted a breakfast briefing in Los Angeles with CREDE, a leading real estate development and project management firm. The program focused on how hotel owners and developers can reduce their cost of capital and costs of construction while filling in gaps in their capital stack through a few critical construction management techniques and exploitation of both traditional and alternative financing options. Luigi Major, Managing Director of HVS, opened the program with an economic overview, providing an inspiring update on the state of the i...
ADA Update: Accessibility Legislation and the Importance of Website Compliance
Jim Butler | May 16, 2023
By Jim Butler The Americans with Disability Act (ADA) is an important piece of legislation guaranteeing equal access to public facilities to the nearly 60 million people with disabilities in the US today. Stuart Tubis, a partner in JMBM’s ADA Compliance and Defense practice, recently presented on why accessibility legislation is something all business owners should be aware of, and how many lawsuits have shifted focus to online spaces instead of brick-and-mortar locations. Hotels in particular must be familiar with the requirements of the ADA in order to accommodate the needs of disabled guests on their properties. Unlike building ...
Hotel Industry Update – Latest Presentations Now Available at HotelLawyer.com
Jim Butler | May 8, 2023
By Jim Butler The 30th edition of Meet the Money® 2023 national hotel finance and investment conference was held May 1 – 3, 2023 at the Hyatt Regency LAX. Some very insightful and informative presentations were made at the conference about the national economy, the national and California hotel markets, the latest version of the ISHC’s CapEx study, the Lodging Industry Investment Council’s Top 10, and three different views of the lodging industry’s performance and prospects. To download these free presentations, please go to www.hotellawyer.com, click on the RESOURCE tab of the website, and then scroll down and select “Hotel Ind...
Meet the Money Returns on May 1-3, 2023 in Los Angeles: Program Highlights and Registration Details
Meet the Money® | April 17, 2023
By Jim Butler and the Global Hospitality Group Hotel Lawyers | Authors of www.HotelLawBlog.com Meet the Money®, the national hotel finance and investment conference, returns for its 30th year on May 1-3, at the Hyatt Regency LAX. Attendees can look forward to three days of deal-making, networking, and high-level presentations from some of the best-known names in the hospitality industry. Meet the Money brings speakers, sponsors, and attendees together in an environment big enough to attract industry leaders, but small enough for meaningful and productive in-person meetings, where the focus is business and investment. “After a few...
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