Hotels and Leisure Transactional
SNR Denton’s Hotels and Leisure practice is
comprised of a core team of internationally respected lawyers,
focused exclusively on the hotel and leisure industry, who enjoy
complementary cross-disciplinary support from lawyers around the
world and across a wide range of service areas in our firm.
The Hotels and Leisure practice has
been selected by Chambers and Partners to receive the top "Band 1"
Leisure and Hospitality ranking in 2007, 2008, 2009, 2010 and
2011–one of only two law firm practices to have consistently
received the "Band 1" ranking since the institution of the category
in 2007. Practice Chair Rick Ross has received the top "Leading
Individual" ranking the past five years, and Partner Meghan Cocci
has been recognized each of those years for her continued notable
legal work within the global hospitality industry. Other partners
on the team include Mark Daliere, and our associates include Ingrid
Waldman and Chris Lee.
Our clients, who include some of the
industry's most respected operators, owners, developers and
financial institutions, don’t view us as just their lawyers.
Rather, they count on us to draw upon our extensive global industry
experience, local insight, and an in depth understanding of their
individual objectives to provide strategic and tactical advice,
policy guidance, and practical business counsel. Over the
past few decades, the hotel and leisure industry has been faced
with many complex challenges and opportunities.
As the global hotel and leisure industry
struggles to recover from the economic downturn, some industry
participants continue to deal with distressed assets, while others
are pursuing new opportunities. Although the worst appears to
be over, the lasting effects of the crisis, which hit most markets,
will inevitably change the way hotels, resorts and other leisure
projects around the world are conceived, developed, financed and
operated in the future. We continue to work closely with our
clients to better address these challenging strategic
matters.
Owners and developers of hotel and resort
assets as well as their lenders and operators all learned that
underwriting hotels and resorts based on the anticipated value of
for-sale residential components left them especially vulnerable to
the downturn. They also discovered that the operational,
economic and structural challenges of mixed-use projects were
greater than they had anticipated. Owners, developers and
operators will need to deal with these complex challenges, as well
as to consider new ways to approach the development and financing
of these assets, particularly in the upper market segments.
In the current environment, industry players
will also have to develop effective strategies for dealing with
issues such as foreclosures, equity and debt financings,
re-financings and workouts, branding and re-branding, structuring
and restructuring of hotel and mixed-use projects, taking advantage
of strategic opportunities and making new and existing hotels and
resorts operate profitably while at the same time meeting consumer
expectations, generating acceptable financial returns and
delivering on the brands’ “promise” as to their guests’ experience.
Now, more than ever, it is important to have trusted advisors that
not only understand the industry, but have the vision and
singularity of purpose to help clients manage through these dynamic
times.
Areas of Focus:
- Management and License Agreements: Hotels, Resorts, Food and
Beverage, Golf, Spa and other Leisure Facilities
- Mixed Use: Hotels, Residential, Restaurants and other Leisure
Components
- Brand Roll-outs and Brand Expansions
- Workouts and Restructuring
- Acquisitions and Dispositions
- Financing (Construction, Mezzanine, Securitized, Syndicated and
Permanent)
- Strategic Advice to Owners and Operators
- Development and Construction
- Joint Ventures
- Mergers and Acquisitions