Financing Ground-Up Hotel and Hospitality Development Deals: Legal and Financial Issues
Navigating Completion Guaranties, GMP Construction Contracts, Ground Leases, Post-Completion Recourse, Management and Branding
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will discuss legal and financial issues involved in the financing of ground-up hotel development deals. Specifically, the program will discuss completion guaranties, GMP construction contracts, impact of ground leases, reserves, post-completion recourse, management and branding.
- Completion and other guaranties
- Guaranteed maximum price construction contracts
- Financing challenges
- Impact of ground leases
- Post-completion recourse
The panel will review these and other key issues:
- What are they key differences between post-completion recourse and completion guaranties and what financial risks do these guarantees present?
- What are current market conditions for ground lease financing for hotel development and what complexities do ground leases present?
- What role does hotel management and branding play in the ability to finance the hotel development deal?
Founder and CEO
JF Capital Advisors
Mr. Falik has over 20 years of experience in the real estate and lodging sector. He has worked on numerous M&A and... | Read More
Mr. Falik has over 20 years of experience in the real estate and lodging sector. He has worked on numerous M&A and financing transactions involving well over 2,000 hotels and over $25 billion of transaction value. At JF Capital Advisors, he leads the firm’s hospitality business, which includes equity and debt placement, asset acquisitions and dispositions, portfolio transactions, joint venture structuring, asset management, management company and brand evaluation, and strategic and capital markets advisory services.Close
Tara K. Gorman
Ms. Gorman represents sellers, owners and licensors in the acquisition, disposition, finance, development, management... | Read More
Ms. Gorman represents sellers, owners and licensors in the acquisition, disposition, finance, development, management and leasing of major hospitality, resort and commercial properties. Ms. Gorman is a Professor in Residence with the Hospitality and Tourism Law Program at American University Washington College of Law and frequently speaks and writes on emerging real estate issues.Close
Jeffer Mangels Butler & Mitchell
Mr. Maisnik has nearly three decades of commercial real estate finance with a strong expertise in hotels. He is... | Read More
Mr. Maisnik has nearly three decades of commercial real estate finance with a strong expertise in hotels. He is Vice-Chair of the firm’s Global Hospitality Group and advises clients on hospitality transactions; representing lenders, opportunity funds, banks, special servicers, owners, REITs and developers in hotel transactions.Close