The hospitality industry is constantly challenged with controlling high operating costs, optimizing real estate assets, managing a high-turnover workforce, and providing its guests outstanding experiences with minimal risk. Economic issues, coupled with heightened privacy regulations and a more migrant workforce, have created a new set of challenges.
Our attorneys have a broad range of experience in both the business and legal aspects of the hotel industry, including hotel acquisitions, development, golf and resort development, operations, investment, mergers, franchising, licensing, intangible asset protection, food and beverage, finance and time share, employment law, Payment Card Industry (PCI) Compliance, and data breach prevention and response. Our depth and insight comes from hands on experience assisting and advising clients in reaching their objectives in most all aspects of the hospitality industry. We have a keen understanding of the industry and a business oriented practice style that facilitates productive client counsel relations. As a diligent group of conscientious professionals, we take seriously our role in expediting, facilitating, and achieving successful business outcomes.
Regarding real estate, some industry participants continue to deal with distressed assets, while others are pursuing new opportunities. The lasting effects of the economic downtown changed the way hotels, resorts and other leisure projects around the world are conceived, developed, financed, and operated. We continue to work closely with our clients to better address, and take advantage of, these challenging strategic matters.
The industry has struggled for some time with human resources issues, with guest services compromised by staff reductions, high turnover, and poorly trained workers. We continue to work with our clients not only to manage these traditional workforce issues, such as contracts, employment law requirements, compliance training, litigation, but also to address new legal issues arising from managing the “modern” workforce, such as immigration and I9 processes and documentation and alternative work arrangements and non-compete agreements.
Our privacy efforts also include working with clients to protect themselves against the threat of data breach liability and properly meet new regulatory requirements from the Federal Trade Commission and the Consumer Financial Protection Bureau, such as appropriate corporate procedures to ensure the safety and fair use of consumer information and proper procedures for preventing and responding to data breaches.
Overall, industry players will have to develop effective strategies for dealing with issues such as foreclosures, equity and debt financings, re-financings and workouts, structuring, and restructuring of hotel and mixed-use projects, branding and re-branding, and 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.