PACE Financing Lawyer: New York opening PACE – a big opportunity!
PACE Financing Lawyer: New York opening PACE – a big opportunity! — By Jim Butler, David A. Sudeck

JMBM · 5 May

PACE financing guidelines are finally available for New York City, and while the program has not officially launched yet, hotel owners and developers in the area should start planning how to use these loans to retrofit their properties. My Partner David Sudeck discusses the program requirements, below.

C-PACE Financing on a Roll: $42 million PACE loan for citizenM Los Angeles
C-PACE Financing on a Roll: $42 million PACE loan for citizenM Los Angeles

Hotel Law Blog · 4 May

Over the past five years, PACE financing has gained wider acceptance, and moved from a novel technique to a mainstream practical solution for financi

Hospitality Financial Leadership – The System To Follow To Create Financial Leadership In Your Hotel
Hospitality Financial Leadership – The System To Follow To Create Financial Leadership In Your Hotel — By David Lund

The Hotel Financial Coach · 3 May

Practice is what we are missing. Practice with the financial piece is somehow a foreign concept. But in the hotel world practice is everywhere, right?

ESG In Hotel Real Estate: Understanding ESG & The Hotel Asset Lifecycle
ESG In Hotel Real Estate: Understanding ESG & The Hotel Asset Lifecycle — By Kimberly Yoong, Adrian Flück

EHL · 3 May

Profit, People, Planet – the triple bottom line 'Holy Grail' that many companies preach – but how many practice it?

The Growth In Management Fee Expense
The Growth In Management Fee Expense — By Robert Mandelbaum

CBRE Hotels · 1 May

In 2019, 86% of the hotels that participated in CBRE Hotels Research's annual Trends® in the Hotel Industry survey of property-level operating statements reported the payment of a management fee. On average, these hotels paid management fees equal to 3.6% of total operating revenue. The management fee to revenue ratio was the highest for convention hotels (4.1%) and lowest for resorts and full-service hotels (3.5%). Relative to the bottom line, total management fees averaged 13.9% of profits. For this analysis, profits are defined as earnings before interest, taxes, depreciation, and amortization (EBITDA).

Hotel Franchise Lawyer: 5 Things to negotiate in your next Franchise Agreement
Hotel Franchise Lawyer: 5 Things to negotiate in your next Franchise Agreement — By Jim Butler, Robert E. Braun

JMBM · 30 Apr

After a year of economic upheaval in the hospitality industry, hotels are making big changes as they look ahead to recovery. Oftentimes these changes involve a complete rebrand, and this leads to questions about what is negotiable in a franchise agreement. In the article below, Bob Braun, senior member of JMBM's Global Hospitality Group® and Co-Chair of the Firm's Cybersecurity & Privacy Group, talks about 5 important franchise terms that can usually be negotiated.

California hotel workers laid off due to COVID-19 get rehire rights
California hotel workers laid off due to COVID-19 get rehire rights — By Jim Butler, Travis Gemoets

JMBM · 30 Apr

As coronavirus cases drop and economic activity starts to return to normal, the hospitality industry will soon be able to begin replacing workers who were laid off due to the pandemic. Some cities in California, and now the entire state, have enacted requirements for how hotels and other businesses can fill open positions; my partner, Travis Gemoets, has summarized the new law below. - Jim Butler

PACE Financing Lawyer: New York opening PACE - a big opportunity!
PACE Financing Lawyer: New York opening PACE - a big opportunity!

Hotel Law Blog · 30 Apr

PACE financing guidelines are finally available for New York City, and while the program has not officially launched yet, hotel owners and developers

Hotel Franchise Lawyer: 5 Things to negotiate in your next Franchise Agreement
Hotel Franchise Lawyer: 5 Things to negotiate in your next Franchise Agreement

Hotel Law Blog · 28 Apr

After a year of economic upheaval in the hospitality industry, hotels are making big changes as they look ahead to recovery. Oftentimes these changes

California hotel workers laid off due to COVID-19 get rehire rights
California hotel workers laid off due to COVID-19 get rehire rights

Hotel Law Blog · 27 Apr

As coronavirus cases drop and economic activity starts to return to normal, the hospitality industry will soon be able to begin replacing workers who

PACE Financing on a Roll: $6 million loan for Kimpton La Peer Hotel in West Hollywood
PACE Financing on a Roll: $6 million loan for Kimpton La Peer Hotel in West Hollywood

Hotel Law Blog · 23 Apr

Over the past five years, PACE financing has gained wider acceptance, and moved from a novel technique to a mainstream practical solution for financi

Will the lodging industry’s supply growth outpace demand growth?
Will the lodging industry’s supply growth outpace demand growth? — By Linchi Kwok

CAL Poly Pomona · 22 Apr

The COVID-19 vaccination rate is climbing steadily in the U.S. At its current rate, three in four people, or 75% of eligible residents, will be vaccinated by June. Businesses are reopening. The U.S. economy is now operating at 88% of its pre-pandemic level, with hope for continuous improvement.

How To Keep Hotel Labor Costs Down When Business Ramps Up
How To Keep Hotel Labor Costs Down When Business Ramps Up — By Rayna Katz

HotStats Limited · 21 Apr

Some changes made to cope with the pandemic likely will be industry norms, while the crisis also spotlighted the need for new practices to be put in place.

Hotel Lawyer: JMBM closes another M&A deal
Hotel Lawyer: JMBM closes another M&A deal

Hotel Law Blog · 20 Apr

The latest M&A deal closing is not a hotel deal, but JMBM is pleased to announce that Advanced Veterinary Specialists (AVS), a Level II Veterinary Em

How does the Supreme Court’s Google v. Oracle case impact the hotel industry (beyond software)?
How does the Supreme Court’s Google v. Oracle case impact the hotel industry (beyond software)? — By Jim Butler, Jeffrey Goldman

JMBM · 20 Apr

The recent ruling in Google v. Oracle has altered the definition of "fair use" when it comes to functional works such as code. While the use of existing creative works must still be transformative in order to avoid violating copyright laws, it will now be much easier to claim fair use when building on existing functional creations. JMBM's Entertainment Litigation Chair Jeff Goldman explains the case below and discusses its potential impact on the hotel industry.

Hospitality Financial Leadership The Daily Revenue Audit – The Must Do’s
Hospitality Financial Leadership The Daily Revenue Audit – The Must Do’s — By David Lund

The Hotel Financial Coach · 19 Apr

The hotel business is a retail business and in order to stay on top of your business, you must fully and completely balance your daily revenues and settlements. This means dotting the eyes and crossing the Ts, examine them. Every day we begin anew and every day is a story unto itself when it comes to the revenues and settlements. I may sound like I'm repeating "revenues and settlements," but it cannot be emphasized enough.

Hotel Lawyer: How does the Supreme Court's Google v. Oracle case impact the hotel industry?
Hotel Lawyer: How does the Supreme Court's Google v. Oracle case impact the hotel industry?

Hotel Law Blog · 16 Apr

The recent ruling in Google v. Oracle has altered the definition of “fair use” when it comes to functional works such as code. While the use of exist

Five Essentials For Present Day Hotel Operations
Five Essentials For Present Day Hotel Operations — By Antoine Berberi

Cayuga Hospitality Consultants · 16 Apr

It has been one year since the historical COVID-19 pandemic made its debut, affecting the entire population and economies around the world. It is evident that out of all the industries negatively affected by this economic tsunami, the hospitality industry has been, and will most likely remain, the most impacted and the slowest to recover.

Why Now Is The Best Time To Finance
Why Now Is The Best Time To Finance — By Dr. Donald W. Wise

Strategic Solution Partners · 13 Apr

Winter is officially over, and although the capital markets for hotel and resort refinance, acquisition and new-build construction lending have been frozen, they have been stealthily thawing out since the first of the year.

What To Do About Hospitality Commercial Insurance Due To COVID-19
What To Do About Hospitality Commercial Insurance Due To COVID-19 — By Thomas Cleary

Cayuga Hospitality Consultants · 12 Apr

First and foremost, should you pursue an insurance claim? YES! The first step in this process is filing your initial claim.

Hotel Lawyer: New rules for anti-money laundering compliance? FinCEN seeks comments on new Federal Anti-Money Laundering Law
Hotel Lawyer: New rules for anti-money laundering compliance? FinCEN seeks comments on new Federal Anti-Money Laundering Law — By Jim Butler, Vince Farhat, Samuel Buchman

JMBM · 9 Apr

The Treasury Department's Financial Crimes Enforcement Network (FinCEN) is currently accepting public comments on a provision in the recently enacted Corporate Transparency Act (CTA) which requires some privately-held business entities to disclose ownership information directly to a law enforcement agency. Interested parties should consider commenting before the May 5th deadline, and companies who may be impacted should take this opportunity to review their anti-money laundering compliance programs. Vince Farhat and Samuel Buchman of JMBM's White Collar Defense and Investigations Group have written an article detailing this legislation below.

Hotel Lawyer: New rules for anti-money laundering compliance? FinCEN seeks comments on new Federal Anti-Money Laundering Law.
Hotel Lawyer: New rules for anti-money laundering compliance? FinCEN seeks comments on new Federal Anti-Money Laundering Law.

Hotel Law Blog · 8 Apr

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is currently accepting public comments on a provision in the recently enacted

Today's Hotelier: Transfers of franchise agreements
Today's Hotelier: Transfers of franchise agreements

Hotel Law Blog · 5 Apr

5 April 2021 See how JMBM's Global Hospitality Group(r) can help you. Bob Braun recently wrote an article for Today's Hotelier on the issues hotel ow

Sustainability-Driven Legislation - Setting The Right Conditions For Hospitality? A Review Of Viewpoints
Sustainability-Driven Legislation - Setting The Right Conditions For Hospitality? A Review Of Viewpoints — By Willy Legrand

IU International University of Applied Sciences · 29 Mar

From single-use plastics to building efficiencies, from extended producer responsibility (EPR) to user-pays principle (UPP), regulations are an intricate component of how society governs environmental impacts. Of course, there seems to always a fine balance between reactive and proactive approaches to regulations, between 'Too late: cleaning up' and 'Too early: stifling innovation'.

ADA Defense Lawyer: California’s Central District tries to curb ADA lawsuits
ADA Defense Lawyer: California’s Central District tries to curb ADA lawsuits — By Jim Butler, Martin H. Orlick

JMBM · 26 Mar

California has seen an explosion of ADA cases in the past few years, leading the state to impose strict pleading standards and high filing fees for serial litigants. Litigants have previously found their way around this by filing in federal court, but the courts have made it clear that they will decline supplemental jurisdiction in these instances. Martin Orlick, Chair of JMBM's ADA Compliance & Defense Group, explains below.

ADA Defense Lawyer: California's Central District tries to curb ADA lawsuits
ADA Defense Lawyer: California's Central District tries to curb ADA lawsuits

Hotel Law Blog · 23 Mar

California has seen an explosion of ADA cases in the past few years, leading the state to impose strict pleading standards and high filing fees for s