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Who We Are Our People Practices News and Events Insights Offices Join Us Diversity Home > Practices > Hospitality Hospitality Under Construction and Overextended The challenging economic, real estate and credit market conditions add up to great risk for those in the hospitality industry. Construction sites are silent; blueprints remain just that; and “go” projects can stop in an instant. This volatile environment, however, offers tremendous opportunities for those with the experience and skill to evaluate, manage, and develop them. That’s where a seasoned legal team that can creatively navigate even the most complicated situations comes in. Creativity and market experience can be the difference between a successful transaction and a failed effort. We can work it out… literally. Workouts, loan modifications, and bankruptcies are the primary course of business in the hospitality industry right now, but actions you take today will determine the course of how well you do when the market recovers. Manatt’s hospitality lawyers have the market knowledge and real world know how necessary to help clients in a stressed industry survive and even thrive. We help our clients get distressed assets off their books, restructure underperformers, and take advantage of deals that may never be seen again. Since hospitality encompasses more than real estate, we draw upon equally prominent colleagues in closely related practice areas such as construction, intellectual property, employment and labor, litigation, and real estate and land use. Manatt’s senior-level professionals have extensive experience with loan workouts, partnership and joint venture restructures, repositioning issues, and employee termination issues. As a firm with roots in Southern California, we are known for our experience in resource development and our strong relationships with the California Coastal Commission and other regulatory entities. We are particularly adept at navigating the morass of political approvals and regulatory compliance inherent in these projects. Our clients include domestic and foreign developers, lenders, contractors, insurers, investors, franchisees, investment banks, management companies, owners, operators, REITs, and venture funds. Manatt in Action Manatt was the general outside counsel for Terranea, the 580-room luxury hotel that opened in June 2009 in Rancho Palos Verdes on the coast of Los Angeles County. We worked with the City of Rancho Palos Verdes and the California Coastal Commission to secure approvals, including meeting the Coastal Commission requirements regarding visitor-serving uses for oceanfront properties, and came up with a structure that all government agencies, including the California Department of Real Estate, blessed for the condominium units included within the project. Manatt’s hospitality attorneys provided a full suite of resources for the development of the Carneros Inn, a mixed-use project that combined luxury-manufactured homes, commercial retail stores, restaurants, a spa and the hotel. Our attorneys resolved multi-party construction disputes on behalf of the majority owner, ousted the initial developers and completed the project with a series of complex financing, construction, land use and DRE transactions. At Estancia La Jolla, we first represented the development team in documenting a ground lease from the University of California for the parcel on which the conference hotel was developed, and then were involved in all aspects of construction, including construction and permanent ground lease financing. Overview Attorneys & Advisors Representative Matters Selected Clients Contacts Press Releases Press Coverage Newsletters Events

Hospitality

Under Construction and Overextended
The challenging economic, real estate and credit market conditions add up to great risk for those in the hospitality industry. Construction sites are silent; blueprints remain just that; and “go” projects can stop in an instant. This volatile environment, however, offers tremendous opportunities for those with the experience and skill to evaluate, manage, and develop them. That’s where a seasoned legal team that can creatively navigate even the most complicated situations comes in. Creativity and market experience can be the difference between a successful transaction and a failed effort.

We can work it out… literally.
Workouts, loan modifications, and bankruptcies are the primary course of business in the hospitality industry right now, but actions you take today will determine the course of how well you do when the market recovers.

Manatt’s hospitality lawyers have the market knowledge and real world know how necessary to help clients in a stressed industry survive and even thrive. We help our clients get distressed assets off their books, restructure underperformers, and take advantage of deals that may never be seen again.

Since hospitality encompasses more than real estate, we draw upon equally prominent colleagues in closely related practice areas such as construction, intellectual property, employment and labor, litigation, and real estate and land use.

Manatt’s senior-level professionals have extensive experience with loan workouts, partnership and joint venture restructures, repositioning issues, and employee termination issues. As a firm with roots in Southern California, we are known for our experience in resource development and our strong relationships with the California Coastal Commission and other regulatory entities. We are particularly adept at navigating the morass of political approvals and regulatory compliance inherent in these projects. Our clients include domestic and foreign developers, lenders, contractors, insurers, investors, franchisees, investment banks, management companies, owners, operators, REITs, and venture funds.

Manatt in Action

Manatt was the general outside counsel for Terranea, the 580-room luxury hotel that opened in June 2009 in Rancho Palos Verdes on the coast of Los Angeles County. We worked with the City of Rancho Palos Verdes and the California Coastal Commission to secure approvals, including meeting the Coastal Commission requirements regarding visitor-serving uses for oceanfront properties, and came up with a structure that all government agencies, including the California Department of Real Estate, blessed for the condominium units included within the project.
Manatt’s hospitality attorneys provided a full suite of resources for the development of the Carneros Inn, a mixed-use project that combined luxury-manufactured homes, commercial retail stores, restaurants, a spa and the hotel. Our attorneys resolved multi-party construction disputes on behalf of the majority owner, ousted the initial developers and completed the project with a series of complex financing, construction, land use and DRE transactions.
At Estancia La Jolla, we first represented the development team in documenting a ground lease from the University of California for the parcel on which the conference hotel was developed, and then were involved in all aspects of construction, including construction and permanent ground lease financing.