A mock negotiation of a hotel management agreement featuring Lynne A. Messina, General Counsel at Highgate Hotels in Irving, Texas negotiating the ownership side, and Jeff Holdaway, Senior Vice President and Associate General Counsel at Marriott International in Bethesda, Maryland taking the side of the manager. Mitchell S. Berkey, a senior partner with Wolff & Samson in West Orange, New Jersey, will moderate the mock negotiation. Come discuss negotiations at the Hospitality Law Conference on Thursday, February 9th, during the presentation Mock Negotiation of a Hotel Management Agreement.
The Tenth Annual 2012 Hospitality Law Conference, which will be held Febuary 8-10, in Houston, offers up to 17.0 hours (including 1.0 hour of ethics) of CLE, CPE, and HRCI recertification hours. For more information, please visit www.hospitalitylawconference.com.
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Employers often operate on a mistaken assumption that they are paying employees in compliance with the Fair Labor Standards Act. This presentation will provide practical advice on specific hot topics under the FLSA, including issues dealing with the tip credit, outside sales employees, travel time, computer boot-up time, and other “off the clock” scenarios. Find out if you are paying your employees right at the Hospitality Law Conference on Thursday, February 9th, during Brad Adler’s presentation Are You Sure You Are Paying Your Employees Correctly Under the FLSA?
The Tenth Annual 2012 Hospitality Law Conference, which will be held Febuary 8-10, in Houston, offers up to 17.0 hours (including 1.0 hour of ethics) of CLE, CPE, and HRCI recertification hours. For more information, please visit www.hospitalitylawconference.com.
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“But Officer, I only had two drinks!” How often do you think the police hear the intoxicated driver plead that excuse after crashing into something or someone? Join Elizabeth and Michael for this educational seminar on how and what they do when they receive a dram shop case. They will take you from Interrogatories through trial. From standard-of-care issues through causation. Find out what that ‘Last Drink’ really tells them at the Hospitality Law Conference on Thursday, February 9th, during their presentation ““The Last Drink”: Determining Intoxication and the Industry Standard of Care.”
The Tenth Annual 2012 Hospitality Law Conference, which will be held Febuary 8-10, in Houston, offers up to 17.0 hours (including 1.0 hour of ethics) of CLE, CPE, and HRCI recertification hours. For more information, please visit www.hospitalitylawconference.com.
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What are the crucial mistakes by data security breach victims that most often either allow, or worsen the impact of, a data security breach? One person who knows the answer to this question first hand is partner Douglas Meal of Ropes & Gray LLP. Through his work as outside counsel for TJX, Heartland, Hannaford, Wyndham Hotels & Resorts, Destination Hotels and Resorts, Genesco, and many other victims of major data security breaches, Mr. Meal has become the national leader in defending such victims against the monetary claims and government investigations that data security breaches invariably generate. Join him at the Hospitality Law Conference on February 8 for his presentation “Data Security Breaches: The Crucial Mistakes That Companies Most Often Make.”
In this presentation, Mr. Meal will share his experience in the area by detailing how data breaches are often allowed to occur, or made substantially worse once they occur, by reason of the victim’s own crucial mistakes – mistakes that the audience members can make sure are avoided by their companies or clients.
2012 Hospitality Law Conference: Preview of Data Security Presentation
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The Tenth Annual 2012 Hospitality Law Conference, which will be held Febuary 8-10, in Houston, offers up to 17.0 hours (including 1.0 hour of ethics) of CLE, CPE, and HRCI recertification hours. For more information, please visit www.hospitalitylawconference.com.
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The Real Estate Track at the Hospitality Law Conference, will further explore issues pertaining to the EB-5 and the Hospitality Industry during the presentation “Discussion of Capital.” This presentation will provide an overview of capital availability and pricing and structure of different types of capital. It will also provide an overview of the approach to underwriting deals and concerns of lending and investors.
Hotel owners and hospitality construction firms may have struggled the past few years to find backers for new real estate ventures. In a down economy, luxury hotels and other non-essential businesses in the hospitality industry often take a fast hit. When room rates drop due to demand issues, banks and traditional lenders are slow to bite at proposals, and may continue to be conservative when it comes to providing capital for projects even when the industry begins to bounce back.
Recently, those in hotel construction have found a new source of capital in EB-5 financing. EB-5 money is generated through a federal program that provides a win-win outcome for foreign financers and U.S. companies. Foreign investors become eligible for a green card when they invest more than $1 million (which may be reduced to $500,000 if the investment is made in a ‘targeted employment area.) in a project with an American company that also preserves or creates ten or more American jobs.
Hospitality Industry and EB-5: Perfectly Matched
Not all real estate construction jobs are positioned to make use of the EB-5 program. Requirements for the program are for permanent job creation, which makes hotel and other hospitality real estate a perfect choice. Construction jobs are gone as soon as buildings are erected, but hotel staff and management are around for years.
Growing EB-5 Interest and Government Bottlenecks
In 2010, there were almost 2,000 applications from foreign investors into the program. The number of applicants in the first half of 2011 matched that amount, and the program still draws interest from foreign money. Businesspersons from Asian countries have shown interest in hotel construction through the program.
Although funds are plentiful for qualified projects, government processing can take months. Some transactions take over a year to complete, and the construction company will not receive investment funds during that time. Many companies find front-end investments in order to begin construction while waiting for the beneficial loans to come through.
The Tenth Annual 2012 Hospitality Law Conference, which will be held Febuary 8-10, in Houston, offers up to 17.0 hours (including 1.0 hour of ethics) of CLE, CPE, and HRCI recertification hours.
For more information on continuing education, please visit www.hospitalitylawconference.com.
Register today!
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