This area of employment law is incredibly complex and nuanced and typically requires the expertise of outside counsel, reports HotelNewsNow.com’s Patrick Mayock.
“You need to hire counsel and do what we refer to as a ‘lawdit.’ Have someone come in and go through all of your classifications and what you’re doing. … You really have to hire counsel and you have to have them go through everybody and see where they fit,” said David Sherwyn, associate professor of law and academic director for The Center for Hospitality Research at Cornell University’s School of Hotel Administration.
A joint venture that includes hedge fund Paulson & Company took control of eight resort properties including the Doral through a foreclosure earlier this year. The Doral, which was put into bankruptcy, was then put up for sale. The identity of the buyer is unclear.
The US$170-million bid is subject to higher offers at an auction, according to a 2 September court filing in U.S. Bankruptcy Court in Manhattan. The bid doesn’t include the Doral’s White course, one of five championship-level golf courses at the site, according to court papers.
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Consistent visual and verbal brand identities have been introduced across the portfolio of more than 30 properties under the two brands, including refined logos, websites and marketing collateral.
At the sector level, apartment values have fully recovered, while the values of hotels and office buildings remain well below their past highs. Office buildings in Manhattan, the country’s largest office market, are 15-20% below their prior peak.
The results of the study show that hotels in London and Birmingham have a much lower reputation than hotels based in other European countries and cities. Out of 100 points, London and Birmingham hotels have a collective score of 72.2 and 74.15, respectively. Of course, factors such as room price and hotel quality tend to affect review scores heavily, and this may partly explain why an expensive city such as London might receive lower scores than others. Nevertheless, such price and quality considerations are true for all cities, and in contrast to London and Birmingham, many other cities have significantly better ratings: Berlin has an average score of 78.88, Madrid has a score of 78.35 and Rome is at 77.14. In fact, out of 1000 cities evaluated, the only cities to fare worse than London are the Maltese city of Sliema (71) and the small Spanish towns of Lloret de Mar (69.57) and El Arenal (66.78).
Compiled by Patrick Mayock.