Last month, the United States District Court for the Southern District of Florida denied an injunction requested by Fairmont Hotels & Resorts, which would have compelled the owner of the Turnberry Isle Hotel & Resort, Turnberry Associates, to reinstate Fairmont as the resort’s manager after Turnberry had abruptly expelled Fairmont from the resort this summer. 
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This July, Connecticut Attorney General George Jepsen announced that he had reached a settlement with three hotel companies, to avoid a civil lawsuit or criminal prosecution for their participation in “call-arounds,” a practice in which competing hotels exchange information on their room rates and occupancy levels. In a press release announcing the settlement, the Attorney
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Earlier this month, I attended the Midwest Lodging Investment Summit in Chicago.  One of the speakers at the conference was Joe McInerney, the President and CEO of the American Hotel and Lodging Association.  McInerney gave a “View from Washington”-type speech that touched on a few legislative issues that have impacted the hotel industry during the
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I mentioned the American Hotel & Lodging Association (AHLA) in my last blog entry, and am going to mention it again here.  Another presentation at this year’s Midwest Lodging Investment Summit featured an AHLA video titled, “If you see something, say something.”  (If that wasn’t the title of the video, it was the central phrased used
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Last month, the Supreme Court of Iowa issued a strongly worded and unanimous opinion (with two justices abstaining) that reversed an intermediate appellate court’s decision to reinstate a $10 million judgment in favor if a company that manages casinos, against a developer that owns them.  The court’s opinion offers insights for attorneys who negotiate asset
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I’ve spent much of the past two months attending professional conferences, especially in the hotel industry. Perhaps the most rewarding presentation at any of these conferences was a speech delivered on March 7 at the Hunter Hotel Investment Conference in Atlanta, by Jack Deboer. Mr. Deboer is currently the Chairman of Value Place, LLC in
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Whether you are negotiating an event agreement, an agreement to procure goods or services, a franchise agreement or any number of other types of contracts, it’s hard to imagine a more common sticking point that can hold up a deal than that dreaded section titled “Indemnification.” Going into a negotiation, each party may expect the
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