Liquor Licensing For Hotel & Restaurant Acquisitions
December 27, 2018 via ConvergeBlog
You are the General Counsel or the outside counsel to a hotel or restaurant brand. Your client informs you that the company intends to purchase multiple units of additional properties in several different states. Your head spins, full of questions. Will it be an asset sale or stock purchase? Will we retain the employees? Will we rebrand the property to our own brand, keep the existing brand, or designate a third brand?
Large and even medium scale acquisitions in the hospitality industry trigger these important legal questions and more. Sometimes, however, the dealmakers overlook or delay one critical area: alcohol service! How will we make sure the hotel or restaurant will be able to serve alcohol on Day One?
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DOL Says Goodbye To The 80/20 Rule For Tip Credits
December 20, 2018 via Conn Maciel Carey
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Most states prohibit practices and promotions that encourage the excessive consumption of alcohol. Some states, cities and counties prohibit or limit Happy Hours and promotions such as hotel packages, all-you-can-drink offers and two-for-one beverage deals.
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