Most borrowers are aware that hotel properties are eligible for CMBS conduit loans. However, some sponsors mistakenly believe that all hotels are eligible for CMBS conduit loans, but that is not true. In general, independent hotels that are not operated under a nationally recognized franchise brand … [Read more...] about 8.14.17: Which Hotel Brands Are Eligible for CMBS Conduit Loans?
A few years ago I wrote about predatory Americans with Disabilities Act (ADA) litigation that affected one of our clients. He paid $25,000 to settle a lawsuit brought by an attorney for a guest alleging that the ADA grab bars in the hotel shower were too high. Although the suit was without merit, … [Read more...] about 7.13.16: Why an Arizona Woman Sued More Than 30 Hotels at Which She’d Never Stayed!