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Mandelbaum Barrett PC

Spotlight on Hotel Comfort Letters

Mandelbaum Barrett PC on

A hotel comfort letter is a document issued by a hotel franchisor to a lender when a hotel owner (the borrower) seeks financing. It provides the lender with assurances about the relationship between the franchisor, borrower,...more

Blake, Cassels & Graydon LLP

The Effects of COVID-19 on Hotel Financing

The global COVID-19 pandemic has particularly affected the hospitality industry. To address some of the issues arising from the COVID-19 pandemic, hospitality industry participants have been forced to revisit the terms of...more

Farella Braun + Martel LLP

Hospitality Companies and Their Lenders: Preparing for Difficult Conversations

In a sudden reversal of generally expansionary trends, the hospitality business has been among the most immediate and badly hit economic sectors as a result of the COVID-19 pandemic, and the resulting stay-at-home and shelter...more

White and Williams LLP

Looming Hotel Bankruptcies Impact Loan Workouts

White and Williams LLP on

COVID-19 has been devastating for hotels and other businesses in the hospitality industry because of significant business closures and the elimination of recreational travel. Oxford Economics predicts 2.8 to 3.4 million jobs...more

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