Jim Goldberg’s Legal Ease: Hotel Bankruptcy: How to Protect Your Meetings

Jim Goldberg’s Legal Ease: Hotel Bankruptcy: How to Protect Your Meetings

Your first line of defense is to write a contract that anticipates a worst-case scenario.

As the lodging industry’s recession drags on, many meeting planners will become all too familiar with issues surrounding bankruptcy, foreclosure, and receivership in the next several months.

Even after aggressive expense cutting at the property level by many major hotel companies, a growing number of hotel buildings are “under water,” with owners being unable to meet mortgage payments on their properties, which

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