Practical Law Real Estate On November 16, 2015, Marriott International announced its $12.2 billion acquisition of Starwood Hotels and Resorts Worldwide. The deal is the largest acquisition in the hospitality industry since Blackstone Group bought Hilton Hotels & Resorts for $26 billion in 2007. If the deal goes through (as is expected in mid-2016), the ...Read more
The use of third parties is nothing new — companies have worked with suppliers, outsourcers, licensees, agents, and the like for years. What has changed, however, is the frequency and scale of third-party use and the regulatory focus on how organizations are managing third parties to address the inherent risks. Kristian Park, partner and leader ...
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Our friends (and former contributors) at Seattle-based BrandVerity produced an infographic showing that the average hotel brand is losing 26,500 website visitors on direct web traffic each month, leading to a real loss in revenue as these bookings are made elsewhere. Their findings are based on the information found in the hotel selection of their quarterly report on The State of Branded Keywords ...Read more
Co-authored by Brian L. Belt Changes in federal securities laws—namely, the loosening of rules on solicitation and advertising—may have opened up a new vista for investors and speculators, such that the sale of hotel condominium units could become both more profitable and more common. What follows are details of these changes and their expected impact. ...Read more
At the recent 26th Annual Hunter Hotel Conference in Atlanta, Russ Rivard served alongside other hotel buyers, lenders, appraisers, and advisors on a panel discussion of “Hotel Values in a Rising Market.” While we shared insights from our various perspectives on the U.S. hotel industry as of early 2014, it became very apparent that there is a surge ...Read more
Originally published on HotelExecutive.com In the hotel industry, the myriad of complex business relationships also creates legal land-mines for the unwary. In that regard, hotel asset managers, hotel operators and franchisors should be extremely mindful of their legal obligations to their client, the owner of the hotel. Even if the hotel is a single asset, ...Read more
Not a week goes by without us publishing something here at HBR about the value of data in business. Big data, small data, internal, external, experimental, observational — everywhere we look, information is being captured, quantified, and used to make business decisions. Not everyone needs to become a quant. But it is worth brushing up ...Read more
The use of class action lawsuits against large corporations over allegedly illegal tip pooling arrangements is increasingly common. This work examines the use of class action lawsuits for this type of lawsuit and analyzes two recent cases from Massachusetts and New York targeting the legality of Starbucks’ tip-pooling policy under the laws of each state ...Read more
The mobile eCommerce space in the hotel industry is growing and changing rapidly. With the massive influx of new distribution apps and mobile sites, it is vitally important that hoteliers stay educated and able to make informed decisions about their hotel participating (or not) in these new channels. Hoteliers must be able to take a ...
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Many people enjoy having a balcony when staying at a hotel; between the outside air and sweeping views, there isn’t much to dislike. However, apart from general security concerns, this favorite amenity has a dark side that rears its head from time to time when tragic accidents permeate the news. On September 1, in St. ...Read more