In their recent article for The New York Law Journal, Pryor Cashman partner Todd Soloway and associate Bryan Mohler discuss the influx of first-time investors and developers into the New York City hospitality market, and reveal how hotel owners, including these industry newcomers, can avoid potential pitfalls when entering into hotel management agreements (HMAs).

As they explain in “Lifting the Veil on Hotel Management Expenses,” the specific responsibilities and costs assumed by a hotel management company in a HMA can be difficult to discern.  What at first glance might appear to be a boilerplate, industry-standard cost structure may actually leave much room for interpretation, and lack the transparency that hotel owners will want down the road.  To combat this, Soloway and Mohler identify points to consider for negotiating clear and comprehensive HMAs, and also share steps hotel owners can take if they are concerned that they are being overcharged by their current hotel operating partner.

To read the full article, please visit here.

More About the Authors

Todd Soloway leads Pryor Cashman’s Real Estate Litigation and Hotel + Hospitality Groups.  He has been named a leading attorney in real estate law by The Best Lawyers in America since 2014, and is a frequent contributor to industry publications.

Bryan Mohler is a member of Pryor Cashman’s Litigation and Hotel + Hospitality Groups.  Super Lawyers has recognized him as a “Rising Star” in business litigation for the last four years.  Both he and Soloway were members of the litigation team from Pryor Cashman that won a $44M judgment against Starwood Hotels in a matter involving breaches of the operative HMA.