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About this Product
PROGRAM INFORMATION
Foreclosures and workouts are complicated enough when they involve single user property. When the subject however is a hotel, or a mixed-use project which combines a shopping center, offices, apartments, retail and/or parking, the effort becomes even more complicated, not only because of the numbers of parties with different interests, but also because preserving the highest value of the project requires actions which do not interrupt the going business. Learn from our experts how to balance these interests and still accomplish the end goal.
The topics to be covered include:
The players involved in a mixed-use development
Individual tenant bankruptcy and unit foreclosure
Keeping the lender involved in the workout
Preserving the income and reputation of the project
Negotiating hotel management and franchise agreements; adjusting requirements deferring scheduled improvements; modifying franchise performance tests
Subordination, non-disturbance and attornment (SNDA) agreements
Issues with reserves
Forbearance Agreements
Finding money for refixturing
WARN closing obligations and union contracts
Dealing with municipal development agreements, liquor licenses and other permits
Software including booking software
Accessing Your Download after Purchase
Immediately after checkout, the download file(s) will be available in Your Downloads (accessible in the left navigation area of the Web Store when logged in).
