There is a lot of talk among investors and their hotel asset manager that acquisitions in distressed real estate of the U.S. hotel sector will rise this year. Still, the focus continues to be on the luxury, trophy class of hotels in primary markets when and where these become available. Hotel High Net Worth InvestorAccording…
Join fellow attorneys and lenders to hear the latest commercial real estate forecast by a court appointed receiver and other professionals in their respective specialty. The event is being presented by the Bay Area and Sacramento Chapters of the California Receivers Forum. It will be held on the evening of February 29, 2012 in the Financial District…
Owners, operators, managers and their restaurant bar consultant should take note of the new food handling law in California which goes into effect July 1, 2011. There are different issues to consider including its impact on food safety. Here are excerpts from the California Restaurant Association (CRA) and ServSafe® about the law and its requirements:…
The next six to twelve months is the time that investors and their hotel asset manager, who are planning to purchase hotel real estate, should look more seriously. Now that many hotel markets are improving and travel growth is expected along with net operating incomes at lodging properties on the rise, potential values for hotels…
The commentary by experts on hospitality industry hotel real estate values was that transaction numbers fell in the third quarter.There is also a review on boutique hotel valuations that brought more light on acquisition and disposition price points for this growing sector of the lodging business. In terms of general hotel values and transactions, LW…
One of the key reasons to have a court appointed receiver take control of a distressed hotel is to maintain and preserve its assets, such as the building, FF&E, cash and revenue streams. However, another primary asset that should not be overlooked is its rating among its guests and patrons, which includes its class and…
Hotel asset management forecasts are getting surveys support for their increased projections that suggest both the national holiday season this year and next year travel expenditures internationally should rise again over the current year. In the USA, surveys by both AAA and Pegasus Solutions predict increases in Americans holiday travel during December. Internationally, markets in…
A recent study says this food safety consultant reported that 1 in 13children suffer from some type of food allergy. Most common are nuts and milk. As for adults in general – nuts, shellfish and products including gluten rank high on the list. It is no longer a myth that certain foods cause allergies. Just…
There are two articles published in the California Receivers Forum’s Summer 2010 issue of Receivership News that address conflicts and ethical and liability issues of court appointed receivers and those seeking to appoint them, such as lenders and special servicers. A copy of both articles is available through the link below. Neon Hotel SignThese issues…
Advice from a restaurant safety expert can lower the risk of foodservice lawsuits and makes your restaurant safer for customers and staff. This also lowers a restaurant risk of failure. But, you don’t have to be an expert to take some sensible precautions. In 8 years covered by a California OSHA study, 135 workplace injuries…