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


Conducted on Thursday, February 18, 2016

Recorded event now available

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Program Materials

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.

Description

Real estate equity investments and joint ventures have become an increasingly important part of the real estate investment arena and are heavily used in the acquisition and development of hotels. The joint venture model for hotel acquisitions offers many benefits, including increased access to capital.

The joint venture agreement and other related documents are very complex and fiercely negotiated. Real estate and finance counsel need to understand all the pertinent issues to successfully evaluate and mitigate risk and address economic issues when negotiating and structuring a joint venture agreement for hotel transactions.

Listen as our authoritative panel of real estate practitioners and advisers reviews key legal issues in joint ventures for hotel acquisitions and development, taking into account unique issues in this asset class. The panel will focus on preferred return/promoted interest, carried interest, cash flow splits, risk allocations, guarantees, unwind provisions and other major decisions.

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Outline

  1. Traditional preferred return/promoted interests
  2. Carried interest
  3. Cash flow splits
  4. Risk allocations
  5. Guarantees
  6. Major decisions
  7. Unwind provisions

Benefits

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?

Faculty

Falik, Jonathan
Jonathan Falik

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

Tara K. Gorman
Tara K. Gorman

Shareholder
Greenberg Traurig

Ms. Gorman focuses her practice on hotel acquisitions, operations, development and finance, general commercial real...  |  Read More

Maisnik, Guy
Guy Maisnik

Partner
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

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