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 the key differences between post-completion recourse and completion guaranties? What financial risks do these guaranties present?
- What are current market conditions for ground lease financing for hotel development?
- What are the complexities presented by ground leases?
- 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 leads the firm's hospitality business, which includes equity and debt placement, asset acquisitions and... | Read More
Mr. Falik leads the firm's hospitality business, which includes equity and debt placement, asset acquisitions and dispositions, portfolio transactions, JV structuring, asset management, management company and brand evaluation, and strategic and capital markets advisory services. Previously, he was a Senior Managing Director and the Head of Hospitality Capital Markets at BGC Real Estate Capital Markets. Simultaneously, he was the Head of Hotel Investment Sales for Newmark Grubb Knight Frank. Prior to that, he was a Managing Director and Head of the Lodging and Leisure Investment Banking group at Cantor Fitzgerald & Co. Prior to joining Cantor Fitzgerald, he was the founder and CEO of JF Capital Advisors, a lodging advisory and principal investment firm.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. Her property deal portfolio includes domestic and international hotels, office buildings, condo-hotels, water parks, casinos, restaurants and retail stores. Additional areas of practice depth include telecommunications and finance. She counsels clients on management and licensing and branding agreements, website service, telecom licensing and lease agreements. She frequently speaks and writes on emerging real estate issues, including on brand standards in hotel management agreements and best practices in hotel sale negotiations.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