Soloway Co-Authors NYLJ Article, “Arbitration Provisions in Hotel Management Agreements”
Partner Todd Soloway, Chair of Pryor Cashman’s Real Estate Litigation Group and Co-chair of its Hotel + Hospitality practice, co-authored the New York Law Journal article entitled “ Arbitration Provisions in Hotel Management Agreements” which appeared on January 13, 2016.
The Importance of Alternative Dispute Resolutions In HMAs
Although one of the last things that hotel owners and operators want to consider when commencing a business relationship is the procedure that will be invoked for how the parties will resolve disputes or ultimately terminate their association, having the proper arbitration or other alternative dispute provision in a hotel management agreements (HMAs) is critical.
Due to the procedural and substantive complexities attendant with alternative dispute resolution provisions in HMAs – and the lengthy amount of time that can be spent fighting about procedure before getting to the merits of the underlying issues – there are important strategic considerations involved in crafting arbitration provisions in the first instance and then fighting them to achieve certain business objectives.
The NYLJ article discusses such provisions and provide guidance to hotel owners and operators in getting just the right alternative dispute resolution provision.
