Read legal news that affects the hospitality industry, from employment law to fraud and theft prevention.
Newswire
GSA Scandal: Industry Unites to Protect Meetings and Conventions 21 May, 2012
The American Society of Association Executives (ASAE) and Professional Convention Management Association (PCMA) have launched a second letter-writing campaign aimed at protecting the meetings and events industry from the unintended consequences of new GSA scandal-inspired regulations. More>>
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Owners still have upper hand in management agreements 16 May, 2012
In spite of a stout and continued rebound in the hotel industry, when it comes to negotiating hotel management agreements, it’s the owners who are still in the driver’s seat.More>>
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Supreme Court ruling could add costs to distressed debt investors 14 May, 2012
Pensions & Investments reports on a pending U.S. Supreme Court ruling, which could make it more expensive for money managers to invest in distressed real estate debt. If the court overrules a lower court decision, it would "effectively end the practice of credit bidding in bankruptcy auctions,...More>>
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AH&LA legislative update: Pushing for four-month extension to pool lift regs 30 Apr, 2012
The AH&LA recently filed comments with the Dept. of Justice to support pushing the May 2012 deadline for ADA-compliant pool lift installation back an additional four months. In addition to this issue, the association is following labor and travel legislation. More>>
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Swiss-Belinn SKA Pekanbaru – Riau, Indonesia opens 23 Apr, 2012
Swiss-Belhotel International announced the soft opening of Swiss-Belinn SKA Pekanbaru – Riau, Indonesia. A three-star international hotel, Swiss-Belinn SKA Pekanbaru is located in the area of Pekanbaru, Riau.More>>
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Great Wolf Resorts rethinks Apollo bid for KSL offer 5 Apr, 2012
Not so fast says Great Wolf Resorts' board of directors. After the board in March agreed to sell the chain of indoor waterparks to private equity firm Apollo Global Management for $5 a share, today comes word that KSL Capital Partners has made an even better offer of $6.25 a share. After Apollo...More>>
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GHM out, Trevi in at the Setai South Beach 2 Apr, 2012
The Miami Herald yesterday reported the luxury Setai Resort & Residences in Miami Beach are under new management, thanks to an overnight operations change. Setai Owners LLC is affiliated with Lehman Brothers Holdings. According to a statement from the company, it ousted former operators...More>>
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Las Vegas Sands faces $375-million suit by former Macau partner 13 Mar, 2012
The New York Times reports that casino operator Las Vegas Sands, controlled by billionaire Sheldon Adelson, is facing a $375-million lawsuit over how the company won a gambling license in Macau. The suit was brought by Asian American Entertainment, an estranged former partner of Las Vegas Sands,...More>>
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Owner of Hotel Indigo at the Alamo files for bankruptcy ahead of sale 7 Mar, 2012
My San Antonio reports that the owner of the Hotel Indigo at the Alamo filed for Chapter 11 bankruptcy, a day before the 91-room hotel was set to be sold at auction. The move stops the sale of the hotel, which is owned by 1909 Ltd. Coincidentally, the owners of three other San Antonio hotels also...More>>
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Lehman to unload stakes in Ritz-Carlton Kapalua and other hotels 7 Mar, 2012
The Ritz-Carlton Kapalua hotel in Hawaii and the Moonlight Basin resort in Montana are among the hotels Lehman Brothers will sell its stakes in. The AP reports that they are among the last holdings of Lehman Brothers, the investment house that helped trigger the 2008 financial crisis. The bank said...More>>
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