The Buzz, An Economic Development Podcast | Episode 83: Duane Parrish, S.C. Department of Parks, Recreation & Tourism
Labor & Employment Symposium - Topics: Investigations into Sexual Harassment Allegations; State and Local Law Update
Private Equity's Inversion Excursion: Pepper Hamilton Talks Tax With the Deal
Pennsylvania Tavern Games Licenses
The financing of hotels and resorts requires balancing the borrower’s need for flexibility to successfully operate the hotel against the lender’s desire to prevent cash leakage should conditions related to the borrower’s...more
The Americas Lodging Investment Summit (ALIS) kicked off the first of the year’s major hospitality conferences in Los Angeles, California, on January 23-25, 2023, with leading hotel industry experts expressing continued...more
On June 24, 2022, Michigan passed the Michigan Uniform Assignment of Rents Act (MUARA). When it did, Michigan became the first state with a Uniform Assignment of Rents Act that expands the definition of "rents" to include...more
In recent years, hotel sponsors and developers have increasingly turned to alternative capital sources, like preferred equity, to finance and reposition their existing assets and fund new acquisition and development...more
2020 was a challenging year, to say the least. The real estate industry continues to feel the effects of the global COVID-19 pandemic and subsequent economic consequences going into 2021 as industry leaders are still...more
While significant challenges from COVID-19 continue to be felt in city centers around the world, the quote from Mark Twain seems applicable to cities in this moment: “The reports of my death are greatly exaggerated.” As...more
The global COVID-19 pandemic has particularly affected the hospitality industry. To address some of the issues arising from the COVID-19 pandemic, hospitality industry participants have been forced to revisit the terms of...more
In a sudden reversal of generally expansionary trends, the hospitality business has been among the most immediate and badly hit economic sectors as a result of the COVID-19 pandemic, and the resulting stay-at-home and shelter...more
COVID-19 has been devastating for hotels and other businesses in the hospitality industry because of significant business closures and the elimination of recreational travel. Oxford Economics predicts 2.8 to 3.4 million jobs...more
By now it’s no secret that the spread of COVID-19 will likely continue to significantly curtail travel. As airlines suffer, so too will hotels. For lenders, cancellations and reduced bookings will mean reduced cash flow...more
In order to file for bankruptcy, a corporate entity must be legally authorized to do so. Whether the bankruptcy petition has been duly authorized is governed by state law and often depends on the entity’s governance...more
The Ninth Circuit Court of Appeals recently took up the issue of a Chapter 11 Debtor’s requirements to cure a loan default through its Chapter 11 plan. The result was a ruling that overturned previous law that entitled...more
In an important decision for lenders, the 1st Circuit Court of Appeals recently decided In re SW Boston Hotel Venture LLC, holding that a bankruptcy court was right to give a lender a claim for post-petition interest...more
A recent decision in the protracted litigation by lenders of Extended Stay to recover under guaranties executed by owners of Extended Stay highlights the need for clear and unambiguous drafting in intercreditor agreements....more