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What you don't know about undocumented workers could really hurt you!

publication date: Oct 22, 2012
 | 
author/source: Guy Maisnik | Vice Chair, Global Hospitality Group®
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Buying a hotel -- the Hotel Purchase Agreement documentation and process.

The Hotel Purchase Agreement documentation and process is where fortunes can be won or lost. The hotel lawyers of JMBM's Global Hospitality Group® have decided to share some practical tips we have gleaned over the past 25 years from more than $60 billion of hotel transactions. Initially, these insights will be published as articles on the Hotel Law Blog at www.HotelLawyer.com and then they will be assembled into the HOW TO BUY A HOTEL handbook for our "We wrote the book™" series, much like the HMA Handbook and the Lenders Handbook for Troubled Hotels (see Resource Center at HotelLawyer.com for free copies).

Here is our next contribution to the "Buying a Hotel" series. . . It is a new topic that every buyer should be aware of and consider as part of the due diligence on buying a hotel.

What you don't know about undocumented workers could really hurt you!

by
Guy Maisnik | Vice Chair, Global Hospitality Group®

Let's say you are buying a hotel. You have engaged the right legal and due diligence team. One of the items your team is investigating is whether the hotel employees are legally documented. Upon review of the hotel records, your team discovers that there is a fairly high turnover of hourly workers. You know the challenge of attracting and retaining enough good workers.



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