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Pryor Cashman’s Hotel Practice Group is comprised of attorneys experienced in a highly sophisticated, diverse and dynamic hotel practice. The group represents hotel developers, owners, operators and management companies in the acquisition and sale of hotels, through joint ventures, debt or equity investments and otherwise. Our attorneys also have significant experience in all other aspects of hotel ownership, development, management, operation, branding, licensing and financing.

The Hotel Group is complemented by Pryor Cashman’s Restaurant, Food and Beverage Practice, as well as its Tax, Licensing, Intellectual Property and other groups as needed to offer comprehensive services to its clients.

In the event that litigation arises or becomes necessary, the attorneys in Pryor Cashman’s Hospitality Litigation Group are also skilled and experienced in all areas of hospitality litigation.

The Hotel Practice Group’s diverse practice provides its clients with a unique, business-oriented approach to deals, taking into account relevant market standards, the business needs of the parties and cutting edge legal solutions in the drafting and negotiation of all hotel-related documents, including the following:

• Purchase and sale agreements
• Hotel management agreements
• Joint venture agreements
• Leasing agreements
• Development agreements
• Technical services agreements
• Financing and construction agreements

Matters most recently handled by the Hotel Practice Group include the representation of:

• A publicly traded REIT and its private equity partner in connection with the disposition of 13 hotel properties across the country
• An equity investor in connection with the purchase of a full-service hotel in New York City
• The seller of a full-service boutique hotel in New York
• The seller in connection with the sale of an existing hotel, with ground floor retail stores and available air rights for future development
• A developer in connection with the acquisition of and construction financing for the development of a full-service hotel in New York City
• A purchaser in connection with the purchase of a boutique hotel in New York
• A joint venture in connection with the acquisition and financing (both senior and mezzanine) of a full-service boutique hotel in California and the subsequent disposition of its interests therein
• A joint venture in connection with the acquisition of a full-service hotel in New Orleans, the assumption of the hotel debt and the franchising of a global flag
• Construction lenders in connection with the development of high rise hotel projects in Manhattan
• A lender in connection with the refinancing of several hotel projects in midtown and downtown Manhattan
• A lender in connection with the modification of an existing loan encumbering a stabilized hotel
• A developer in connection with a joint venture established for the purpose of locating, acquiring and developing hotels in the New York City 

To read more about some of our hotel matters, please click here.