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The Hospitality Industry In the Post-COVID Environment

October 5, 2021 at 12:00 pm EDT

Hospitality webinar 10.5.21
DATE & TIME

Tuesday, October 5th
12:00 p.m. - 1:00 p.m.

Register Here
As we begin to enter a post covid-dominated world, sectors of the hospitality industry must again pivot to meet the demands of the changing environment.

Join Offit Kurman Real Estate, Business Law and Transactions, and Labor and Employment attorneys for a free one-hour webinar on how to be successful in this evolving climate.

In the Restaurant Industry

  • New operational rules and interior design changes to ensure the safety of patrons
  • The need for flexibility to replace the standard fixed rent of most restaurant leases
  • Challenges to profit margins in an already thinly margined industry
  • Congressional assistance: Restaurant Revitalization Fund
  • Raising capital for new restaurant projects

In the Liquor Industry

  • Developments in annual reporting requirements
  • Developments in on-sale licensees providing off-sale products
  • Re-opening considerations for licensees

Real Estate and Ownership

  • Issues arising from hospitality loans being sold to alternative lenders and best practices to minimize exposure to such issues
  • Risks to Borrowers on forbearance arrangements
  • Understanding risks when acquiring real-estate at a below market price at auction

Labor and Employment

  • Employee recall
  • Navigating the labor shortage, recruiting incentives and management of many new and/or inexperienced employees
  • Reviewing employee roles and classifications
  • Employee health and safety including implementing Biden’s proposed vaccine mandate, safety protocols and maintaining biometric data
  • Responding to increased organized labor activity

ABOUT STUART NEWMAN

Stuart Newman Headshot 1

Stuart B. Newman has been engaged in corporate and securities practice for over forty years, focusing on corporate law, private equity transactions, mergers and acquisitions, and capital formation through public offerings and private placements. Mr. Newman studies his clients’ businesses thoroughly and has made valuable contributions to a broad range of business topics such as joint ventures, product development, finance, investment banking, marketing, and personnel. He has served as a director on the boards of both publicly-traded and privately held companies, contributing his unique combination of business acumen and broad legal experience. For example, Mr. Newman was selected by the secured lenders of one of the largest commercial laundries in the New York metropolitan area to serve on the Company’s Board as its sole director to guide the Company successfully through a sale of its assets during a Chapter 11 Reorganization Proceeding.

ABOUT ERIC TUCKER

Eric Tucker Headshot 1

Mr. Tucker has significant experience representing hotel developers and operators in all aspects of the hospitality industry. He has represented clients in the purchase and sale of hotel properties, as well as the negotiation and closing of construction loans for the development of new hospitality properties. He also represents several large regional franchisees of a national fitness chain, handling both their commercial lease transactions and the purchase and sale of franchise locations. Mr. Tucker additionally represents shopping center owners, handling the purchase and financing of their commercial properties, as well as negotiating commercial leases for tenants of those shopping centers. Finally, Mr. Tucker’s practice also includes representing clients in mergers, acquisitions, venture capital investments, intellectual property licensing transactions and other commercial contracts.

ABOUT OFFIT KURMAN

Offit Kurman, a full-service AmLaw 200 law firm with offices throughout the East Coast and in Southern California, serves dynamic businesses, individuals and families. Founded in 1987, the firm’s 280+ attorneys counsel clients across more than 30 areas of practice. Offit Kurman helps maximize and protect business value and personal wealth by providing innovative and entrepreneurial counsel that focuses on clients’ business objectives, interests and goals. The firm is distinguished by the quality, breadth and global reach of its legal services and a unique operational structure that encourages a culture of collaboration.

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Details

Date:
October 5, 2021
Time:
12:00 pm - 1:00 pm EDT
Event Categories:
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