Hotel Lawyer at the Phoenix Lodging Conference: Where are we going from here?
By Jim Butler, Chairman, JMBM’s Global Hospitality Group
The Lodging Conference kicks off tonight at the Arizona Biltmore as roughly 1,500 hotel industry leaders gather for the next 3 days. This is one of my favorite hotel finance conferences of the year, and JMBM's Global Hospitality Group® will be well represented. Senior GHG members Guy Maisnik, Cathy Holmes, Bob Braun, David Sudeck and I will all be here.
On the one hand, one can argue that all this should have no affect on the hotel industry, at least in the United States. But the markets are unsettled and everyone seems to be taking a second look before they continue with business as it was earlier this year. And of course, the lodging industry has a long-term direct correlation with the economy. So, if the increasing pessimism pointing to an impending recession wins the day, we are all in for a bumpy ride.
I will be very interested to measure the mood of The Lodging Conference this year, and see how everyone else is viewing the current situation. Do we catch our breath and continue from roughly where we were, or do we hold our breath and get ready for a roller coaster ride? I may have some more insights for you shortly.
This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We've done more than $60 billion of hotel transactions and have developed innovative solutions to unlock value from hotels. Who's your hotel lawyer?
JMBM's Global Hospitality Group® provides business and legal advice to hotel owners, developers and investors, based on practical experience gained from more than $71 billion of hotel transactions, 1,000 hotel management agreements, 1,000 franchise agreements, and 3,800 properties worldwide. The Chinese Investment Group™ within the practice is a dedicated team of hotel and real estate lawyers that provide a gateway for Chinese investment in the United States. The Group and its network of reliable professional resources help Chinese investors identify, analyze, evaluate, validate, acquire, finance and manage hotel and real estate opportunities. We have closed more than $1.5 billion of EB-5 financing for our developer clients and sourced more than half of that.