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Structuring Liquor License and Other Permit Clauses in Hotel Purchase and Sale Agreements

A live 90-minute premium CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Monday, May 20, 2024 (in 1 day)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

(Alert: Event date has changed from 5/6/2024!)

or call 1-800-926-7926

This CLE course will cover the negotiation and structure of permit and license clauses in hotel purchase sale agreements, with an emphasis on liquor licenses. Our panel will discuss pitfalls in drafting and high priority considerations for practitioners addressing the transfer of liquor licenses and permits as part of a hotel's change in ownership.

Description

Efficient hotel purchase and sales require thoughtful drafting of the agreement and considerable due diligence by the buyer and the seller. Often, however, inadequate consideration is given to the language transferring the necessary licenses and permits that allow the new owner's lawful operation of the venture.

Most practitioners are aware of the strict regulatory environment that governs the issuance and transfer of liquor licenses for hospitality businesses and the wide variations between jurisdictions. Failure to consider specific jurisdictional processes when applying for license and permit transfers can cause otherwise competent counsel to unwittingly allow clients to violate the law by conducting business without the required interim licenses and permits for continued operations immediately post-closing.

Paying careful attention to the clauses addressing the potential gaps can mean the difference in whether a deal pencils out or falls apart.

Listen as our panel of seasoned real estate and alcohol beverage regulatory attorneys discusses how to draft tight permit and license clauses that help clients avoid costly pitfalls in negotiating and closing hotel purchase and sale agreements.

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Outline

  1. Overview of hotel PSAs
  2. Permit and license clauses
    1. Crucial terms
    2. Interplay with other contract provisions
    3. Timing issues
    4. Regulatory considerations
    5. Jurisdictional considerations

Benefits

The panel will review these and other high priority issues:

  • How can counsel use permit and license clauses to avoid potentially deal-killing errors and delays?
  • What impact does the hotel management agreement have on the terms of permit and license clauses?
  • What are the red flags for counsel in discussions with clients regarding licenses and permits? What steps can counsel take to resolve those issues efficiently?

Faculty

Bacheikov, Ian
Ian G. Bacheikov

Partner, Chair Alcohol Beverage Sector Team
Akerman

Mr. Bacheikov assists clients across multiple sectors, including entertainment, hospitality, and retail. He represents...  |  Read More

McCarthy, Allison
Allison McCarthy

Partner
Holland & Knight

In addition to a national commercial real estate practice, Ms. McCarthy has advised owners, investors and hotel...  |  Read More

Newman, Michael
Michael Brill Newman

Partner, Head Alcohol Beverage Team
Holland & Knight

Mr. Newman focuses on counseling alcohol beverage and hospitality industry clients on national and international...  |  Read More

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Cannot Attend May 20?

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

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