- November 17, 2021
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16 November 2021
See how JMBM’s Global Hospitality Group® can help you.
LOS ANGELES—The Global Hospitality Group® (GHG) of Jeffer Mangels Butler & Mitchell LLP (JMBM) has released an updated version of its Hospitality Credentials, detailing unsurpassed experience by providing representative clients and properties the GHG has worked on over the past 30 years. These Credentials show how the GHG has helped clients with more than 4,500 hospitality properties, valued at more than $112 billion.
Some notable accomplishments by members of the GHG over the last 12 months include:
For client Relevant Group, the GHG team led by Guy Maisnik assisted in all legal aspects of the assembly, acquisition, development, construction and management of their $1 billion Hospitality and Entertainment District portfolio. The large mixed-use project includes boutique hotels, restaurants, and entertainment concepts involving more than 40 entities and joint ventures, with a capital stack consisting of senior and institutional mezzanine lenders, institutional and non-institutional private equity, EB-5 funds, and individual investors. When the economic impact of the COVID-19 pandemic struck, the GHG assisted in a significant restructuring of contracts and senior and mezzanine financings affecting the projects, including a debt and equity restructuring, conversion of hotel management agreements to franchise agreements, and conversion of certain restaurant management agreements to leases.
For Condor Hospitality Trust, the GHG team (including Jim Butler, Guy Maisnik, Jeff Myers and Caleb Gilbert) facilitated the $305 million sale of the company’s entire portfolio to Blackstone Real Estate Partners. JMBM represented the company in connection with the initial bidding process and also provided guidance on the due diligence process and disclosure requirements, coordinated shareholder approvals and voting agreements, and negotiated the definitive purchase contract for the sale. The all-cash deal is part of a liquidation and dissolution plan, concluding with the eventual distribution of proceeds to the company’s shareholders.
Led by David Sudeck, the GHG has closed more than 18 C-PACE (Commercial Property Assessed Clean Energy) financing transactions over the last 12 months, totaling more than $210 million in closed loans and involving an array of commercial property uses including hotels (a dozen hotels so far this year), retail and multi-family. David and his team have developed an expertise in this area of financing that has been especially beneficial for clients during the industry fluctuations due to COVID.
The Global Hospitality Group has particular expertise in negotiating, re-negotiating and terminating hotel management and franchise agreements. Over the past 12 months, the GHG has worked on such projects involving properties worth more than $1.5 billion in value, including a range of hotel types from luxury resorts to limited service, boutique to extended stay. Some notable deals include:
Since the COVID-19 pandemic began to impact the hospitality industry in March 2020, the GHG has engaged on new distressed hotel and retail loans for lenders and special servicers in excess of $2.2 billion. For Midland Loan Services, JMBM bankruptcy partners Robert Kaplan and Nick De Lancie served as primary counsel for more than $500 million of distressed hotel loans in the last year, including several multi-hundred million dollar loans for which JMBM did loan restructuring and workouts, including bankruptcy, receivership, and related legal work.
About the Global Hospitality Group®
We have helped clients with more than 4,500 hospitality properties worth more than $112 billion, providing one of the most extensive virtual databases of market terms for deals and financings in the hospitality industry. For more information, visit www.HotelLawyer.com.
Contact
Jim Butler, Chairman
jbutler@jmbm.com
+1 310-201-3526
This is Jim Butler, author of www.HotelLawBlog.com and founding partner of JMBM and JMBM’s Global Hospitality Group®. We provide business and legal advice to hotel owners, developers, independent operators and investors. This advice covers critical hotel issues such as hotel purchase, sale, development, financing, franchise, management, ADA, and IP matters. We also have compelling experience in hotel litigation, union avoidance and union negotiations, and cybersecurity & data privacy.
JMBM’s Global Hospitality Group® has helped clients around the world with more than 4,500 hospitality properties worth more than $112 billion. Contact me at +1-310-201-3526 or jbutler@jmbm.com to discuss how we can help.
How can we help? Brochure Credentials Photo Gallery
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Jim Butler is recognized as one of the top hotel lawyers in the world. He devotes 100% of his practice to hospitality, representing hotel owners, developers and lenders. Jim leads JMBM’s Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion.
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Robert Braun is a partner in JMBM’s Corporate Department and a senior member of JMBM’s Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. Bob represents owners in both transactional and operational issues. He advises clients with respect to business formation, financing, mergers and acquisitions, venture capital financing, joint ventures and strategic partnerships. He has represented hotel owners in the negotiation of several hundred management agreements, as well as spa management and franchise agreements. Bob also advises hotel owners regarding telecommunications, software, internet, e-commerce, data processing and outsourcing agreements. To read Bob’s articles, go to www.HotelLawBlog.com and select “Management Agreements.” For more information, please contact Bob Braun at 310.785.5331 or rbraun@jmbm.com.
Marta Fernandez is a partner in JMBM’s Employment and Labor Department and a senior member of JMBM’s Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. As a management labor lawyer with more than 20 years of experience, Marta specializes in representing hospitality industry clients in all aspects of labor and employment including labor-management relations such as union prevention, collective bargaining for single as well as multi-employer bargaining units, neutrality agreements and defense of unfair labor practice charges before the NLRB. She defends employers in administrative and litigation claims, such as employee claims of sexual harassment and discrimination and counsels clients in preventative strategies such as executive training, arbitration enforcement, and policies and procedures. To read Marta’s articles, go to www.HotelLawBlog.com and select “Labor & Employment.” For more information, please contact Marta Fernandez at 310.201.3534 or at mfernandez@jmbm.com.
Guy Maisnik is a partner in JMBM’s Real Estate Department and a senior member of JMBM’s Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. Guy’s deep and broad transactional practice includes complex real estate finance and venture capital transactions, including project finance, commercial finance, leveraged leasing and real estate acquisitions. He assists clients with development, leasing and disposition, loan portfolio acquisitions, loan and debt restructure, workouts and real estate exchanges. Go to www.HotelLawBlog.com for current information in these areas. For more information, please contact Guy Maisnik at 310.201.3588 or mgm@jmbm.com.
David Sudeck is a Partner in JMBM’s Real Estate Department and a senior member of JMBM’s Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. David has significant experience in the vacation ownership arena, focusing on the formation and registration of condominiums, timeshares and fractional interest regimes. He negotiates hotel, spa and restaurant management agreements, and assists client in the development, acquisition, sale and leasing of hotels, golf courses and restaurants. For David’s take on current issues in the timeshare arena, go to www.HotelLawBlog.com and click on the topic, “Timeshare.” For more information, please contact David Sudeck at 310.201.3518 or dsudeck @jmbm.com.
Robert Kaplan is a partner in JMBM’s Bankruptcy, Insolvency and Restructurings Group and a senior member of the Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. Bob represents lenders, special servicers, hard money lenders, community banks, national banking associations, distressed debt investors, and equity investors, positioning them for the best possible outcome by acting expeditiously to preserve value and increase cash flow. His industry experience and his knowledge of the current capital markets — where distressed assets often include complex deal structures and securitized loans — allows him to bring creative and effective strategies to the table. When aggressive litigation is the best strategy, he is a vigorous and effective advocate for his clients. Bob represented the securitized lender in the Chapter 11 bankruptcy case filed by the Clift Hotel in San Francisco, and in the subsequent negotiations and successful sale of the loan to a third party. The lender — acting by and through GMAC Commercial Mortgage Corporation as special servicer — was the holder of a $60 million loan secured by a Deed of Trust on the Clift Hotel. He has also served as counsel to CapMark, J.E. Robert Company, Inc., AMRESCO Management Inc. and Midland Loan Servicer in their capacity as special servicers on troubled hotel loans in CMBS pools. For more information, contact Robert Kaplan at 415.984.9673 or rkaplan@jmbm.com.
Martin Orlick is a partner in JMBM’s Real Estate Department and a senior member of JMBM’s Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. Marty specializes in representing hospitality industry clients in Americans With Disabilities Act (ADA) compliance and defense. He has represented more than 500 businesses in ADA issues, many of them hotels and restaurants, as well as hotel mixed-use properties. Marty is a member of the American College of Real Estate Lawyers (ACREL) and a frequent speaker on the ADA and other topics. To read Marty’s articles, go to www.HotelLawBlog.com and select “ADA.” For more information, please contact Marty Orlick at 415.984.9667 or morlick@jmbm.com.
Scott Brink is a senior member of JMBM’s Global Hospitality Group® and a partner in JMBM’s Labor & Employment Law Department. Scott is a management labor lawyer with more than two decades of experience representing employers in all aspects of labor relations and employment law including union prevention, collective bargaining negotiations, defense of unfair labor practice charges before the NLRB, wrongful discharge litigation, individual and class action employment discrimination and wage-and-hour claims, sexual-harassment litigation, arbitrations, personnel policies, California wage and hour law, and employee discipline and discharge. An experienced trial attorney, Scott has litigated a number of high-profile and complex cases involving a wide range of labor and employment law matters. For more information, contact Scott Brink at RSB@jmbm.com or 310.785.5365.
Travis Gemoets is an experienced trial attorney and represents management in all facets of labor and employment law, including wage/hour class actions, claims of discrimination, harassment, wrongful termination, trade secrets and unfair competition, union/management relations and workplace violence. He is a member of JMBM’s Global Hospitality Group(r), in which capacity he negotiates union contracts and resolves labor disputes throughout the country, defends class action claims, develops strategies for the mass onboarding and separation of employees, and recommends proactive changes to employers’ policies and practices in order to minimize potential liability risks. Reach him at 310.785.5387 or tgemoets@jmbm.com.
Mark S. Adams is an experienced trial lawyer and a member of JMBM’s Global Hospitality Group® and Chinese Investment Group™. He focuses his practice on business litigation including contracts, corporate and partnership disputes, and hospitality disputes and litigation. On behalf of hotel and resort owners, Mark has successfully litigated the termination of long-term, no-cut, hotel management agreements, franchise agreements, fiduciary duty issues, investor-owner disputes, TOT assessments, and more. He has wide-ranging trial experience in a variety of commercial disputes, including complex multi-party litigation and class actions. He has tried numerous cases in state courts, federal courts, and in domestic and international arbitrations, and is a frequent author and speaker on trial practice. Mark’s trial wins have been covered by Forbes, Reuters, and other publications. He has obtained two of California’s annual 50 largest jury verdicts in the same year. Mark has taken or defended nearly 1,000 depositions throughout North America, Europe and the Middle East. He has been quoted as an expert on noncompete agreements in the Wall Street Journal. For more information, contact Mark at 949. 623.7230 or markadams@jmbm.com.
Jeffrey Steiner is a partner in JMBM’s Real Estate Department and a senior member of JMBM’s Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. He represents both institutional lenders and borrowers in connection with construction and permanent lending, loan work outs and restructurings, real estate development, design and construction contracts, real estate acquisitions and sales, preparation and negotiation of commercial leases on behalf of landlords and tenants, joint venture transactions and hotel management agreements, purchases and sales and financings. For more information, please contact Jeff Steiner at 310.201.3514 or jsteiner@jmbm.com.
Bennett Young is a partner in JMBM’s Bankruptcy, Insolvency and Restructurings Group and a senior member of the Global Hospitality Group® — a team of seasoned professionals who have helped clients around the world with more than 4,300 hospitality properties worth more than $104.7 billion. His clients include lenders, financial institutions, secured and unsecured creditors, distressed investment funds, businesses, receivers, special servicers and creditors’ committees. Ben represented the owner of a partially completed multi-billion dollar resort property in the restructuring of its finances and has represented lenders to hotels and casinos. For more information, contact Ben Young at 415.984.9626 or byoung@jmbm.com
Sheri Bonstelle is a partner in JMBM’s Government, Land Use, Environment and Energy Department, and a member of JMBM’s Global Hospitality Group®. She represents owners and developers in land use, zoning, environmental, litigation and construction matters. She manages all aspects of the entitlement process, including representing clients before local and state agencies, commissions and councils. Sheri also represents clients in a variety of land use and real estate litigation matters in state and federal courts, including cases arising under CEQA and other environmental laws. Her hotel experience includes handling the adaptive reuse of an historic office building as a luxury boutique hotel. For more information, please contact Sheri Bonstelle at 310.712.6847 or SBonstelle@jmbm.com.
Kevin McDonnell is a partner in JMBM’s Government, Land Use, Environment and Energy Department, and a member of JMBM’s Global Hospitality Group®. Kevin represents developers and owners of hotels in a broad range of land use and zoning issues including entitlements, code enforcement, easements and parking requirements, as well as related Parcel Map and Tract Map subdivision issues. His hospitality experience includes hotels, condo-hotels and mixed-use projects. A registered Civil Engineer and Structural Engineer in California, and a former building official for the City of Los Angeles, Kevin brings unique experience and insight in Zoning and Building Code applications and Code Enforcement issues. For more information, please contact Kevin McDonnell at 310.201.3590 or kkm@jmbm.com.
Jamie Ogden is a tax lawyer at Jeffer Mangels Butler & Mitchell LLP. He advises individuals and businesses on a range of tax planning, tax controversy and estate planning matters. Jamie’s experience includes all tax aspects with respect to the hospitality industry, including acquisitions and dispositions (including Section 1031 exchanges), financing and management agreements. He also serves as lead tax counsel on M&A transactions, financing, internal corporate restructurings and deferred compensation matters. Jamie also works frequently with litigators on the tax aspects of litigation, judgments and settlements. Jamie has extensive experience with foreign compliance matters, including each variation of the IRS amnesty programs. In addition to his experience in private practice, Jamie also brings several years of service from both state and federal government. For more information, contact Jamie at JOgden@jmbm.com or 310.201.3510.
Wei Deng is General Counsel of Bosen American Capital, Inc. where in addition to his legal duties, he is responsible for sourcing, evaluating and proposing United States investment opportunities to the company. Wei was previously with JMBM, where he focused on transactional and litigation matters.
Jay Thompson has extensive experience representing private companies, business owners, family offices and investors in mergers and acquisitions, private equity and venture capital transactions and private securities offerings. Jay serves as general counsel to many of his clients, their management, and board of directors, helping to shape and execute their business strategies, facilitate growth and liquidity, as well as to advise them on day-to-day legal and other strategic issues. He is known for his practical approach to business issues. Contact Jay at JThompson@jmbm.com or 949.623.7258
Marianne Martin has nearly fifteen years of experience advising clients on a variety of commercial, financing, bankruptcy, restructuring and M&A matters, with a particular niche dealing with distressed and/or turnaround situations. Her clients frequently include private equity and hedge funds, independent sponsors, family offices, public and private corporations, financial institutions and banks, healthcare-related companies, municipalities and venture capital funds. She has represented clients in various capacities, including as borrowers/debtors, lenders, acquirers, and agents/trustees in negotiating and documenting complex commercial transactions, out-of-court restructuring transactions and advising on purchasing considerations in secondary market debt transactions. Contact Marianne at MMartin@jmbm.com or 310.201.3531
Trevor Countryman is an associate in the firm’s Real Estate Department. He advises clients in all aspects of real estate transactions including property acquisitions and dispositions, financing, leasing, development and construction. Trevor’s clients range from large funds to individual developers and opportunistic investors, engaged in deals involving office, retail, multi-family, single-family, mixed-use and hotel properties. Contact Trevor Countryman at 310.201.3546 or TCountryman@jmbm.com.
Vanessa Han is an associate in JMBM’s Corporate group. Vanessa can be reached at VHan@jmbm.com or 310.785.5383
Vince Farhat is Chair of JMBM’s White Collar Defense and Investigations practice. Vince has extensive jury trial experience and focuses his practice on representing companies and individuals in criminal and civil investigations and prosecutions by government enforcement agencies, as well as complex federal litigation. He also advises companies in connection with complex and sensitive internal investigations. Prior to joining JMBM, Vince served as an assistant United States attorney in the Major Frauds Section of the U.S. Attorney’s Office for the Central District of California. Contact Vince Farhat at 310.785.5382 or VFarhat@jmbm.com.
Jeffrey Goldman is Chair of JMBM’s Entertainment Litigation practice. He has litigated hundreds of music cases involving more than 30 Billboard #1 records, more than 30 Grammy Award winners, and more than 30 members of the Rock & Roll Hall of Fame. He has also litigated cases against the world’s largest airline, search engine, toy company, e-commerce retailer, and electronics retailer, as well as against some of the world’s largest drug companies, beer companies, automakers, and entertainment conglomerates. His cases have figured prominently in the development of modern intellectual property and entertainment law, resulting in more than 150 reported judicial decisions, which have been cited in thousands of other reported decisions. Contact Jeff Goldman at 310.785.5386 or JGoldman@jmbm.com.
Global Hospitality Group®
1900 Avenue of the Stars
7th Floor
Los Angeles, CA 90067
Direct: (310) 201-3526
Direct Fax: (310) 712-8526
E-mail: jbutler@jmbm.com
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