Click here for my third presentation on hotel management agreements (HMAs), in which I discuss the different legal relationships of hotel owners and management companies.
Click here for my second presentation on subjects that frequently surface in negotiation of hotel management agreements (HMAs), in which I discuss the financial interests and business models of hotel owners and management companies. –Bob Lannan
Real Estate Investment Trusts (REITs) that invest in hotels frequently require, in any management agreement with a hotel management company that operates a hotel, some opportunity to participate in negotiations with any union that represents the management company’s employees at the hotel. This year, two U.S. Senators and the U.S. Internal Revenue Service made aContinue Reading
This September, as the Co-Chair of the annual Hotel & Lodging Legal Summit at Georgetown Law, I was privileged to welcome Gwen Mills, the International Union President of UNITE HERE, as the keynote speaker of our 11th annual conference. Ms. Mills was interviewed by Professor David Sherwyn, the Academic Director of the Center for InnovativeContinue Reading
Click here for the first of a series of presentations in which I will discuss subjects that are frequently discussed in negotiations of hotel management agreements (HMAs). I intend the series to be a primer for professionals who have not negotiated many HMAs. For more experienced professionals, I hope it will be a valuable refresher. Continue Reading
It is again my privilege to co-chair the Hotel & Lodging Legal Summit at Georgetown University Law Center, which will take place in Washington, D.C. September 25-27, 2024. We are expecting about 275 attorneys and other professionals from throughout North America, who represent hotel and lodging companies worldwide. Please visit the conference website for moreContinue Reading
It is a little mentioned fact in the hotel and lodging industry that hotels are permanent residences of some number of guests. This has long been true across market segments. New York’s iconic Waldorf Astoria Hotel was famously home to both General Douglas MacArthur and President Herbert Hoover in retirement. In today’s market, residency inContinue Reading
This year may bring the most predicted recession in memory. The Wall Street Journal reported last week that economists place the probability of a recession this year at 61%. “On average, they expect gross domestic product to expand at a 0.1% annual rate in the first quarter of 2023 and contract 0.4% in the second.Continue Reading
Last month, the U.S. Court of Appeals for the Eleventh Circuit issued a decision that will make it difficult for international online travel agencies (OTAs) like Expedia and Orbitz to book guestrooms at many hotels and resorts in Cuba, and may result in OTAs that do business in the United States abandoning Cuba entirely. Continue Reading
The most rewarding project I worked on this year was representing a business owner in dispute resolution proceedings against its lender, followed by prolonged but successful negotiation of a restructuring of the loan. My client owns a business property that it had planned to substantially renovate and begin operating under a new consumer brand. Continue Reading
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