At the most recent Hotel Investment Conference Asia Pacific held in Hong Kong from the 16th to the 18th October, 2013 we conducted a Master Class focussed on the abovementioned topic.
In advance of the conference we...more
In the wake of Fairmont v. Turnberry and M Waikiki LLC v. Marriott Hotel Services in 2012, the hospitality industry was abuzz about the dramatic ousters of the hotel operators by the hotel owners. The sensational events...more
Craig Karmin and Alexandra Berzon of the Wall Street Journal broke a big story yesterday evening which appeared in the August 15, 2013 US edition of the paper at page C3. The headline is "Marriott Close to Deal to Sell Three...more
Under Australian Commonwealth Law (the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA)) a "Foreign Person" (explained below) is required to make a formal written application to the Foreign...more
A recent decision of the New York state appellate court has given hotel owners a new way to override contract provisions in long-term property management agreements and oust hotel managers from managing the property. In...more
Introduction - Over the last few months, we have witnessed a significant uptick in activity in relation to management agreement negotiations both in Australia and elsewhere. ...more
Do owners and operators drive the legal structure of hotel management agreements? They should, but some courts have concluded that principles of agency trump the bargain struck by sophisticated, well-represented parties that...more