Hotel Lawyer on PPP2 and the COVID Relief Bill’s changes to Paycheck Protection Program
Hotel Lawyer on PPP2 and the COVID Relief Bill’s changes to Paycheck Protection Program — By Jim Butler

JMBM · 14 Jan

We have a new PPP Loan authorization bill out of Washington, after months of political wrangling. Congress could have done more, but they did provide for up to $2,000,000 in additional forgivable loans per borrower, along with provisions which specifically cater to the hospitality industry.

HVS Monday Musings: Being Frugal in 2021 – Is this One of the Lessons We Learned from the Pandemic?
HVS Monday Musings: Being Frugal in 2021 – Is this One of the Lessons We Learned from the Pandemic? — By Ajay Mehtani

HVS · 11 Jan

A crisis is often needed to make drastic changes and the ongoing pandemic is one of the most challenging crises that the world has faced since the Second World War. The COVID-19 outbreak came in suddenly, swept across the world and changed us in an unprecedented way - not only our businesses but even the way we live.

Hotel Lawyer on PPP2 and the COVID Relief Bill's changes to Paycheck Protection Program
Hotel Lawyer on PPP2 and the COVID Relief Bill's changes to Paycheck Protection Program

Hotel Law Blog · 8 Jan

We have a new PPP Loan authorization bill out of Washington, after months of political wrangling. Congress could have done more, but they did provide

2021 Hotel Financing Predictions
2021 Hotel Financing Predictions — By Brian Holstein

US Hotel Advisors · 8 Jan

It is obvious that hotel operating performance will be much better in 2021 than 2020. It is, perhaps, less obvious that hotel lending has already begun staging a comeback that will accelerate throughout the year while continuing to stay ahead of actual hotel performance.

2021 New Year Message – Potential for a Huge Rise in Insolvencies and Job Losses in the UK Hotel Sector
2021 New Year Message – Potential for a Huge Rise in Insolvencies and Job Losses in the UK Hotel Sector — By Russell Kett

HVS · 8 Jan

Like many people, I returned to my desk this week after the now-familiar five-second commute between the kitchen and my office at home and pondered what the New Year is likely to bring the UK hotel industry. By the time Boris Johnson started his TV broadcast at 8pm on Monday and Lockdown 3.0 had now commenced, any optimism we might have had was substantially depleted.

Can Hotels Claim Business Interruption Insurance Due to a Pandemic?
Can Hotels Claim Business Interruption Insurance Due to a Pandemic? — By David Eisen

HotStats Limited · 7 Jan

Does a pandemic qualify for business interruption insurance? It's a question hoteliers shouldn't be asking themselves, but rather, their insurance company.

Summarizing the Financial Consequences of the Pandemic
Summarizing the Financial Consequences of the Pandemic — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 7 Jan

Is COVID-19 the Armageddon for the hotel industry? That's the first question I asked Dr. Donald W. Wise, co-founder and senior managing director of Turnbull Capital Group. With over 36 years of investment banking experience in the hospitality industry, he and this firm have been involved in roughly $20 billions of advisory, consultation, note sales, preferred equity and debt placements, and transactional engagements on both the buy-side and the sell-side.

Hotel Lawyer Labor & Employment New Year Round-Up: What to Expect in 2021
Hotel Lawyer Labor & Employment New Year Round-Up: What to Expect in 2021

Hotel Law Blog · 30 Dec

See how JMBM's Global Hospitality Group(r) can help you. Click here for the latest on labor and employment guidance. As 2020 comes to a close, many e

Identify Red Flags for Hotel Fraud
Identify Red Flags for Hotel Fraud — By Kevin Doyle

Cayuga Hospitality Consultants · 29 Dec

In the world of forensic accounting there is a somewhat similar collection of cautioning indicators called Red Flags. Unfortunately for us, the Red Flag list is not limited to seven "sins". As you can imagine, for every hotel's control environment and operating structure the opportunities for Red Flags to emerge can be fluid, especially in the COVID-19 era we are operating.

Hospitality Financial Leadership – The Top 7 Front Office Controls
Hospitality Financial Leadership – The Top 7 Front Office Controls — By David Lund

The Hotel Financial Coach · 28 Dec

As you know the front office is the command post for your operation, and it's also the point where all the receipts come through. Making sure you have solid internal controls at the desk is not only good business, it's mission-critical. Without these safeguards you are wide open and as someone once said, good internal controls help keep honest people honest. Now don't get me wrong. I believe we need to trust the people we have on our teams, and I also have seen what can happen when there is an opportunity. So, this piece is about eliminating most of those weaknesses at the front desk.

Hotel Receivership Case Study: 48-Hour Deployment Due to Bankruptcy
Hotel Receivership Case Study: 48-Hour Deployment Due to Bankruptcy — By Ken Edwards

Cayuga Hospitality Consultants · 25 Dec

During crisis times, the hospitality industry becomes fragile as demand is driven by guests. Conditions that affect guests also affect the business. As its nature, hospitality investments usually have longer return on investments, and sometimes detached investor profile as owning a hotel and operating it are two different practices.

Reset, Release, Pivot… Think Beyond to Move your Hotel Forward
Reset, Release, Pivot… Think Beyond to Move your Hotel Forward — By Stephen Darling

Cayuga Hospitality Consultants · 23 Dec

Many hotel owners made quick decisions this past Spring to survive the uncertainty ahead. The need has never been greater to rethink what the optimal plan is to move forward in the fast-changing market. Don't assume that the current business model will still yield the highest and best use going forward.

HVS Monday Musings: Granting Industry and Infrastructure Status to the Indian Hospitality Sector is the Need of the Hour
HVS Monday Musings: Granting Industry and Infrastructure Status to the Indian Hospitality Sector is the Need of the Hour — By Mandeep S Lamba, Dipti Mohan

HVS · 21 Dec

In the past few months, several state governments have been proactively lending a helping hand to the tourism & hospitality sector in their respective states, providing various relief measures to help the sector stay afloat during these trying times. Last month, in a move to reboot the sector, the Maharashtra government conferred 'industry' status to the state's hospitality sector.

Mandatory COVID Vaccinations: Can/should hotels require employees to take the shots? What are the legal and business considerations?
Mandatory COVID Vaccinations: Can/should hotels require employees to take the shots? What are the legal and business considerations?

Hotel Law Blog · 20 Dec

Most of the world has been anxiously waiting for the “silver bullet” of an effective COVID-19 anti-virus vaccine to save lives, reopen business, save

Paradeplatz versus Brasserie de la Gare: Why are Wall Street and Main Street evolving so differently?
Paradeplatz versus Brasserie de la Gare: Why are Wall Street and Main Street evolving so differently? — By Philippe Masset, Luciano Lopez

EHL · 16 Dec

As the world marks the one year birthday of COVID-19, it is reeling from the force of the first wave, battling the second and bracing for a third. Yet, the impact of this pandemic on the real economy (goods and services) remains uncertain. The "Great Lockdown" has resulted in a severe drop in economic activity during the first quarters of the year, but the most recent figures suggest that the economy has since significantly rebounded.

ADA Defense Lawyer: emotional support animals cannot fly for free anymore
ADA Defense Lawyer: emotional support animals cannot fly for free anymore

Hotel Law Blog · 14 Dec

Last week, the Department of Transportation modified the rules of the Air Carriers Act so that “emotional support” animals will no longer be permitte

What Exactly Are Owners Looking For From Their GM’s When It Comes To The Operational Finances?
What Exactly Are Owners Looking For From Their GM’s When It Comes To The Operational Finances? — By David Lund

The Hotel Financial Coach · 14 Dec

In this hard-hitting interview, you will learn what to tell your owner about how you're going to successfully manage their asset. What are the leadership strategies you will use to generate a superior return on their investment? How will you show up as the number one and instill confidence and lead your team around the money piece? If you're looking for the silver lining in all that is COVID in the hotel industry right now and getting your aspiring career back on track, then you are not going to want to miss this one.

Time to take a new look at Federal vs. State receiverships?
Time to take a new look at Federal vs. State receiverships?

Hotel Law Blog · 11 Dec

Due to the Covid-19 crisis, getting receivers appointed in many state courts may be difficult. Some state courts are effectively closed, others are b

Insurance Industry Trends And The Role Of Hospitality Skills
Insurance Industry Trends And The Role Of Hospitality Skills — By Eric Debétaz

EHL Advisory Services · 10 Dec

As with many other sectors, the banking and insurance industries have experienced tremendous changes over the past few years. Consumer demands, behavior and expectations have put pressure on these businesses to adjust, adapt and ensure that they remain relevant and helpful for their target customers.

Hospitality Financial Leadership - A Boring Routine Secretly Equals Power
Hospitality Financial Leadership - A Boring Routine Secretly Equals Power — By David Lund

The Hotel Financial Coach · 7 Dec

If you wish you could do more each day and you're open to looking at things differently, to consider there may be a stronger system to follow, perhaps this one is for you. Also, if you're a big fan of multi-tasking then YOU HAVE TO read this.

HVS Monday Musings: COVID Cost Factor (CCF) - Are we willing to change the status quo in India?
HVS Monday Musings: COVID Cost Factor (CCF) - Are we willing to change the status quo in India? — By Ajay Mehtani

HVS · 7 Dec

All hotels strive to improve and reduce costs on an ongoing basis. During the normal course of operations, hotels try to achieve this by implementing various techniques, such as using alternate products, implementing process improvements, enhancing inventory management, and evaluating more efficient equipment, which allow them to save certain costs during the year. But the question here is whether these efficiencies are significant enough.

Improving the Hotel Bottom-Line Begins With Knowing How to Read a P&L
Improving the Hotel Bottom-Line Begins With Knowing How to Read a P&L — By David Eisen

HotStats Limited · 3 Dec

Here's the bottom line..." It's a familiar turn of phrase that is succeeded by the speaker getting to the sum or crux of the issue—the overarching point.

Hospitality Financial Leadership – A Bit About “You Sally”
Hospitality Financial Leadership – A Bit About “You Sally” — By David Lund

The Hotel Financial Coach · 30 Nov

By someone's estimate there are roughly one million hotels in the world. I take it that number includes all the different kinds of hotels from small inns and hostels all the way up to your full-service multi-outlet mega hotel operations. For simple math I am going to estimate that half of this number of hotels fall into the small inns and hostels, and that leaves 500,000 of what I'm going to call real hotels.

4 Reasons GOPPAR Should Be on Your List of KPIs
4 Reasons GOPPAR Should Be on Your List of KPIs — By David Eisen

HotStats Limited · 26 Nov

With the pandemic still raging and hotel operations still in flux, hoteliers are still left figuring out what to do next. Churning out profit in the age of COVID is a Herculean task, but consulting the right data can be a step in the right direction.

2021 hotel trends and concepts in ‘a new normal’
2021 hotel trends and concepts in ‘a new normal’ — By Bob Rauch, Sarah Andersen

RAR Hospitality · 25 Nov

The hospitality industry has endured tremendous shifts and disruptions over the past year, forcing businesses to rapidly implement innovative trends that will reshape the future of hospitality.

Buying a hotel: never without a good liability guarantee agreement!
Buying a hotel: never without a good liability guarantee agreement! — By Christopher Boinet, Anne Epinat, François Gérard Mondi

In Extenso Avocats · 24 Nov

With an asset and liability guarantee agreement (Garantie d'actif et de passif, or GAP, under French law), the buyer obtains a contractual warranty for ensuring that the price it is paying matches the value of the company being sold. A post-sale tax adjustment or industrial tribunal proceedings in favour of an employee? A GAP agreement covers disputes prior to the sale, if these disputes were undeclared or if insufficient provisions were made for them.