JMBM’s Global Hospitality Group® Announces Publication of the How to Buy a Hotel Handbook

LOS ANGELES--(BUSINESS WIRE)--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.

“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.”

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.

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"We Wrote the Book™"

The "We Wrote the Book™" series includes the Lenders Handbook for Troubled Hotels, The HMA Handbook - Hotel Management Agreements for Owners, Developers, Investors and Lenders, and the How to Buy a Hotel Handbook. The practical handbooks, written by business and legal advisors, are published by JMBM's Global Hospitality Group®. Find these and other free publications on the Resource Center at www.hotellawyer.com.

JMBM’s Global Hospitality Group®

The hotel lawyers of JMBM's Global Hospitality Group® comprise the premier hospitality practice in a full-service law firm. We are experienced in all aspects of hotel transactional matters, and our hotel lawyers can help you identify, evaluate and resolve all the issues that may affect the value and profitability of your hotel. Our experience comes from more than $60 billion of hotel transactions involving more than 1,300 hotels all over the world. It provides one of the most extensive virtual data bases of market terms for deals and financings, enables us to help clients identify and avoid show stoppers early in the transaction, and facilitates smooth and efficient deal closings. Visit www.HotelLawyer.com to review the Group's brochure and credentials, see some of the hotel projects we have worked on for our clients, and search for articles on a wide range of topics on our Hotel Law Blog.