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Hotel Transactions in Illinois

(1k+ reviews)

Produced on May 12, 2017

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Course Information

Time 1h 30m
Difficulty Intermediate
Topics covered in this course: Real Estate

Course Description

Hotel transactions are often described as a complex hybrid of a real estate asset purchase and a purchase of an operating business.

This program, taught by attorneys Larry Eppley and Michael Roth, discusses the key issues to consider in representing clients buying, selling and operating hotels in Illinois and throughout the country, from purchase, through joint venture, financing and operations, and sale.

Learning Objectives: 

  1. Provide a general understanding of why a hotel transaction is much more than just a purchase of real estate
  2. Identify the relevant contractual provisions that are specific to hotel purchase and sale transactions
  3. Discuss hotel financing and other capital sources (including EB-5 and tax credits) in the current marketplace
  4. Summarize key points to consider when negotiating hotel management agreements and franchise agreements
  5. Understand operational issues facing hotel owners and operators 

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Lawrence Eppley

Sheppard, Mullin, Richter & Hampton LLP

Lawrence Eppley is a partner in the Corporate Practice Group in the firm's Chicago office, where he is also the Office Managing Partner.

He concentrates his practice in acquisition, real estate finance, development, public and private finance, joint ventures and raising equity particularly in the hospitality sector. He was general counsel to Potbelly Sandwich Works, one of Chicago's fastest growing companies, and his clients rely on him as their principal outside legal counsel. He has considerable experience with middle market and emerging growth companies, including those in the hospitality and restaurant sectors, and with structured and institutional finance.

Mr. Eppley was named as one of Law360's Hospitality MVPs in both 2013 and 2016 for his extensive work in major transactions geared towards hotel development.

Michael Roth

Sheppard, Mullin, Richter & Hampton LLC

Michael Roth is an associate in the Real Estate, Land Use and Environmental Practice Group in the firm's Chicago office.

Michael J. Roth concentrates his practice on commercial and residential real estate development throughout the United States, including construction and design contracts, lending and finance, and sales and acquisitions.

He has significant experience representing owners and contractors in negotiating design and construction contracts and has represented numerous local and institutional lenders and borrowers in connection with acquisition and construction financing. He has worked on acquisition financing and refinancing of several hotel developments, and has represented multiple lenders in financing for skilled nursing care facilities in several states. He has also worked extensively on the workout of troubled loans, for both mid-market and major financial institutions and special servicers.


Joseph M.

Really liked this presentation

Robert M.

Excellent presentation!

Forrest H.

Terrific presenters

Tamra K.

Great course v

Thomas B.

The presenters did a great job of setting forth the information in a clear concise way. If you can get them for other real estate related programs, please do.

Barbara R.

this is one of the best programs I have seen on Lawline. Excellent faculty.

William W.

Excellent Presentation by the Panel.

Sandra S.

Great comprehensive review of an interesting topic.

Vera W.

Never would have realized how much goes into these deals.

James Z.

Excellent presentation!

Mary-Lisa S.

Excellent! So interesting!

thomas t.

great detail

Robert S.

Excellent program!

Eugene h.

Outstanding presentation.

kathleen b.

excellent presentation

Virginia P.

This was very informative. I liked the format as well.

Carey L.

A good course explaining both the basics and the details.

Rebecca J.

Raised a very broad range of issues which is interesting.

Liz B.

Good rapport between presenters

ralph d.

Great information - the presenters really did a good job explaining the nuances of these types of deals. I felt this was a very interesting program because they packed lots of details and real world examples into the seminar

Edward G.

These two lawyers were particularly outstanding in presenting their material.

Richard H.

It's fascinating how many aspects and details need to be addressed for a successful hotel transaction.

Frances M.

Very well done presentation. I got great insight into the topic.

Kenneth B.

the resources provided were helpful.

David C.

Excellent speakers. A surprisingly interesting topic

Steve G.

Well done

John J.

Interplay between the two speakers made the program more interesting than a one-at-a-time speaker format.

Gerardo D.


Gary D.

Lively, informative and filled with invaluable cautionary information about crafting complicated hotel purchase and sale transactions.

Jennifer M.

This was a great format and very easy to watch. The interaction between the two speakers was refreshing.

Ronald G.

Terrific presentation. Alerting to many issues not known before.

David M.

The two-person conversation format is more compelling than one talking head droning for an hour or so.

Amy B.

Enjoyed the course

mark f.

Best program I have seen in recent memory.

Anthony A.

Great presentation.

Donna W.

The speakers did an outstanding job of identifying the diverse areas of law that these transactions cover.

Ronald B.

Thought these presenters were very good.

Robert H.

Liked how each presenter picked a side (i.e., buyer or seller) to represent during presentation. It helped to make it more interesting.

Martin R.

Excellent presentation of a complex transaction.

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