(Los Angeles, USA – 09 March 2013) The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP (JMBM) today announced the release of the How to Buy a Hotel Handbook, third in the “We Wrote the Book” series of handbooks published by the Group’s hotel lawyers.
Jim Butler is the Chairman of JMBM’s Global Hospitality Group. The How to Buy a Hotel Handbook is based on the experience Jim’s team has gained from more than $60 billion of hotel transactions involving more than 1,300 hotels all over the world. The Handbook provides a detailed overview of the hotel acquisition process, a thorough due diligence checklist, and informative articles that address some of the most important questions that arise when buying or selling a hotel.
According to Butler, unless the parties to a hotel purchase and sale are continually executing purchase and sale transactions, and unless they have a depth of hotel-specific experience, they will be at a tremendous disadvantage throughout the acquisition process. “We wrote this book to educate hotel buyers and sellers as to the value of consulting early with top hotel professionals — when such counsel can provide maximum benefit,” he said.
In the Foreword to the How to Buy a Hotel Handbook, Bjorn Hanson, Ph.D. writes: “There have been numerous books and articles about developing and purchasing hotels, but this handbook is unique because it presents an extraordinary amount of technical, legal and transaction structuring information based on the expertise and experience of professionals with specific arbitration, litigation, structuring, negotiating, transaction and risk management perspective.”
Dr. Hanson is divisional dean of the Preston Robert Tisch Center of Hospitality, Tourism and Sports Management at New York University.
Register for a free copy of the How to Buy a Hotel Handbook, on the Resource Center at www.hotellawyer.com.