Getting a restaurant expert witness to prove damages in a litigation case can be tricky for some lawyers. One of the challenges is your client, who may be the restaurant owner and/or operator, may often assume way more than are ordinary and reasonable losses. Added to this challenge is if the income loss evolves around…
As an owner, the first preventative measure you can take to keep your place of business from becoming a danger zone, is hire a night club consultant. Alcohol and the nightlife can bring out the worst in people. A night out on the town can easily go from the time of your life, to a definitive…
There is something to be learned about being a sustainable restaurant from our friends in Australia. Namely, that the p** word combined with foodservice and art makes both business and environmental sense and gets you a lot of press too! This one artist, entrepreneur and now restaurateur is taking a very serious approach to making…
Getting in sync with sustainable restaurant practices means understanding and appreciating the benefits of a triple bottom line (sometimes considered a trickle down green) program. Talking bottom line, this Triple Pundit article excerpt adds to that importance: – “Not surprisingly, 60 percent of consumers prefer to patronize restaurants that recycle, and 51 percent even said…
If you are in the market to buy a nightclub or start one, do not miss the annual Nightclub and Bar Convention and Trade Show that will be held on March 12-14 at the Las Vegas Convention Center. This is an annual event that provides education, ideas and networking for food and beverage executives and…
Several concepts and designs are worth looking at if you will start a restaurant, change a bar or renovate a hotel this year. Some are here in the USA, another not far. Here are three excerpts on these new design projects from HA+D at Hospitality World Network: 1. The Bar at Paramount Hotel in New…
In Part 1 of this blog topic, I talked briefly about the the cost of hotel receivership services related to a rents and profits action and a court appointed hotel receiver and interim hotel management. Where there is a judgement to collect, such as an outstanding balance owed on sales taxes or a defaulted second…
During bad economic times, success with any new restaurant is often learned from those in our industry who failed… Your business plan to open a restaurant, especially multiple locations, in a recession should include avoiding these pitfalls that can help you do it right the first time. Here are ten reasons to consider even when…
Hospitality management services this year are revising forecasts for those hotels and resorts they manage on a monthly, sometimes weekly, basis given the disparity in the economic reports that keep surfacing. Investors in particular are hearing that demand continues to rise and valuations have kept pace. Still, these recent reports suggest the long term remains…
Distressed hotels will be in a good position to see valuations continue rising based on demand and expense projections. This is despite the potential for more foreclosures in 2012 with loans coming due from loans refinanced in 2005 and 2006. The added supply of defaulted hotel loans does not suggest that there will be “fire…