Celesq CLE: What You Don’t Know, But Need to Know, About Hotel Investments in 2021
This CLE titled, "What You Don’t Know, But Need to Know, About Hotel Investments in 2021" from Celesq and West LegalEdcenter presented a practical approach to understanding basic hotel industry financial terminology, definitions, and applications. The presentation included debt terms, equity terms and investment terms and issues.
Co-chair of Herrick's Real Estate Hospitality Group, Yariv Ben-Ari, and his frequent collaborator, Jonathan Falik, Founder and Chief Executive Officer of JF Capital Advisors, discussed the critical legal issues in the purchase and sale of a hotel property, considering the unique aspects of this asset class.
The program focused on seller representations and warranties, key contract provisions in the purchase and sale agreement, and retention or termination of the hotel management/franchise affiliation. The program also addressed the significance of the terms of the hotel management agreement. The presentation related to the hospitality environment in Q1 2021.
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