It is a time for patience, understanding, and the realization that we – lenders, borrowers and our local economies – are all in this together. I have been traveling the country recently and have become dismayed at the stories I am hearing from the hotel industry, particularly the limited service segment, regarding their inability to survive this economic downturn. The …
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The HospitalityLawyer Legal Newsletter addresses recent legal, safety, and security updates, regulations, and laws affecting hotels, restaurants, bars, country clubs, spas, and other hospitality businesses. The June Legal Newsletter features an article from Washington law firm Graham & Dunn on equitable subordination, as well as an article discussing whether a lender has a security interest in hotel revenues generated after …
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