What You Don’t Know, But Need to Know, About Hotel Investments in 2021
Co-chair of Herrick's Real Estate Hospitality Group and our Israel Practice, Yariv Ben-Ari, and his frequent collaborator, Jonathan Falik, Founder and Chief Executive Officer of JF Capital Advisors, will discuss the critical legal issues in the purchase and sale of a hotel property, considering the unique aspects of this asset class, and will present a practical approach to understanding basic hotel industry financial terminology, definitions and applications.
The program will focus on what investors should know about seller representations and warranties, key contract provisions in the purchase and sale agreement, retention or termination of the hotel management/franchise affiliation, as well as an overview of union labor agreements. The program will also address the significance of the terms of the hotel management agreement. The presentation will relate to the hospitality environment in as we come to the end of 2021 and include debt, equity and investment terms and issues.
Attendees will earn 1.0 New York CLE credit in Professional Practice.
The content of this course is appropriate for both newly admitted attorneys (“transitional”) and experienced attorneys (“non-transitional”).