Structuring Equity Joint Ventures for Hotel Acquisitions and Development
Navigating Preferred Return/Promoted Interest, Carried Interest, Cash Flow Splits, Risk Allocations, Guarantees and Key Issues
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will discuss key legal issues involved in structuring joint ventures for hotel acquisitions and development, taking into account the unique issues in this asset class. The program will focus on key issues and joint venture agreement provisions, including preferred return/ promoted interest, carried interest, cash flow splits, risk allocations, guarantees, unwind provisions and other major decisions.
- Traditional preferred return/promoted interests
- Carried interest
- Cash flow splits
- Risk allocations
- Major decisions
- Unwind provisions
The panel will review these and other key issues:
- What are current trends in the use of joint ventures to provide financing for hotel development and acquisitions?
- How are preferred return/promoted interest structured?
- What unique issues in hotel acquisitions impact risk allocation provisions?
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 focuses her practice on hotel acquisitions, operations, development and finance, general commercial real... | Read More
Ms. Gorman focuses her practice on hotel acquisitions, operations, development and finance, general commercial real estate transactions, and office retail leasing. She prepares and counsels clients─both domestically and internationally─regarding hotel acquisitions, financing, operations, development and finance, hotel management agreements, license and branding agreements, restaurant management agreements, purchase and sale agreements, property management agreements, and commercial office and retail leases, among others.Close
Jeffer Mangels Butler & Mitchell
Guy Maisnik has over three decades of commercial real estate transactions with a strong expertise in hotels and... | Read More
Guy Maisnik has over three decades of commercial real estate transactions with a strong expertise in hotels and finance. A partner and Vice Chair of the JMBM Global Hospitality Group, Guy is a senior member of the JMBM Chinese Investment Group and a partner in the JMBM Real Estate Department. He advises clients on hospitality transactions, with both a practical business and legal focus, representing buyers, sellers, lenders, opportunity funds, special servicers, REITs and developers in hotel transactions, joint ventures, hotel management agreements and franchise agreements, buying, selling and ground leasing of hotels, complex mixed-used development and fractional and timeshare structuring.Close