Resolving Financial Hardship + Toxic Exposures + Mandatory Vaccine Policy + Vaccinations for Attendees + Franchise Agreements

Owners of hospitality properties, which are considered "operating businesses," owing less than $7.5 million may want to consider filing for Subchapter V bankruptcy to restructure their business and relieve their financial troubles. Bankruptcy has often carried a grave stigma that many businesses have wanted to avoid, but that notion should be abandoned. Using bankruptcy to resolve financial misfortune caused by the coronavirus pandemic should carry little disgrace. Deciding to utilize bankruptcy is a difficult decision for any company. After learning how bankruptcy can absolve seemingly insurmountable debt and restore business prosperity, many owners may conclude it to be a rational solution.

Pandemic Places Spotlight on Franchise Agreements

January 14, 2021 via Today's Hotelier

Franchisees face a tough decision: try to ride out COVID-19 and complete their franchise term, or terminate, re-brand, or repurpose? These decisions require thought and planning.

Preparing a strategy requires a lot of input from owners, partners, lenders, brands, and others. Patel Gaines’ Partner Rahul Patel and Associate Attorney Cyra Dumitru examined several high-priority issues hotel franchise owners should consider when deciding next steps.