Best Practices for a Hotel Receivership (Virtual Panel Discussion) – Members Only

Thursday, November 3, 2022
3:00 – 4:00 PM

Location: Virtual

Join us on November 3rd, 2022 for our virtual panel discussion on Best Practices for a Hotel Receivership, looking at an industry that has been decimated during the COVID pandemic and has banks stretching further and further with their loans, hotel receiverships are becoming more and more common. Hear from our distinguished panelists on the best practices for approaching a hotel receivership. This Panel Discussion is for Members Only.

Panelists include Steve O’Loughlin of Lodging Hospitality Management (MO), Robert Haupt of Lathrop GPM (KS/OK), and Robert Wolf of Tarter Krinsky & Drogin (NY).

About Steve O’Loughlin:

Steve O’Loughlin was named President & COO of Lodging Hospitality Management in 2008 after 11 years with the company.

Prior to LHM he was the Marriott Pavilion Hotel in St. Louis. O’Loughlin held positions as Housekeeping Manager, Front Desk Manager and Sales Manager from 1990 – 1997. O’Loughlin was recognized for his achievements with several prestigious awards, two time recipient of the Marriott Living the Vision Award, and Marriott Sales Manager of the Quarter for the Midwest Region.

He has served as President of the St. Louis Area Hotel Association and Past Chair of the Downtown St Louis Community Improvement District. He also has served on Hilton’s IT and Owner’s Advisory Council. He is currently Chair of the St Louis Chapter, CEO’s Against Cancer and serves on the board of Explore St. Louis and Mathews Dickeys.

About Robert Haupt:

Robert Haupt is a committed problem-solver. Over the course of his legal career, Robert has represented a wide spectrum of clients, from some of America’s largest companies to smaller businesses and individuals in commercial matters, civil litigation and bankruptcy. Robert practices throughout the United States in both federal and state civil and appellate courts.

As a commercial lawyer, Robert has handled hundreds of millions of dollars in real estate transactions involving development, management and franchising issues. In bankruptcy, he has represented both creditors and debtors having successfully confirmed plans of reorganization in industries as diverse as hospitality (hotels and restaurant groups) to real estate developers to oil and gas related businesses. Practicing in the middle of America has inevitably brought agricultural reorganizations into Robert’s practice.

As with his clients, Robert’s litigation experience ranges from local contractual disputes to complex litigation involving multinational corporations. Robert has represented lenders, developers and borrowers in real estate transactions in hotels, resorts, golf course, commercial and large residential developments.

Robert Haupt is a committed problem-solver. Over the course of his legal career, Robert has represented a wide spectrum of clients, from some of America’s largest companies to smaller businesses and individuals in commercial matters, civil litigation and bankruptcy. Robert practices throughout the United States in both federal and state civil and appellate courts.

As a commercial lawyer, Robert has handled hundreds of millions of dollars in real estate transactions involving development, management and franchising issues. In bankruptcy, he has represented both creditors and debtors having successfully confirmed plans of reorganization in industries as diverse as hospitality (hotels and restaurant groups) to real estate developers to oil and gas related businesses. Practicing in the middle of America has inevitably brought agricultural reorganizations into Robert’s practice.

As with his clients, Robert’s litigation experience ranges from local contractual disputes to complex litigation involving multinational corporations. Robert has represented lenders, developers and borrowers in real estate transactions in hotels, resorts, golf course, commercial and large residential developments.

Robert has served as receiver for retail and hospitality (resorts, hotels, golf courses) businesses, in federal and state actions throughout the United States.

About Robert Wolf:

Robert A. Wolf counsels on all aspects of bankruptcy, real estate litigation and commercial litigation. He has a particular concentration in litigation involving fraudulent transfers under the Bankruptcy Code, fiduciary duty breaches on the part of corporate officers and directors, litigation affecting loan problems, including real estate mortgage foreclosures, foreclosures on Uniform Commercial Code interests involving cooperatives, and enforcement of guarantees, and lawsuits and summary proceedings involving commercial landlords and tenants. He also has extensive experience negotiating loan workout agreements, as well as agreements resolving commercial landlord-tenant disputes.

Bob represents bankruptcy trustees, lending institutions and other interested parties in litigation in both federal and state courts and has argued appeals in both forums. One appeal resulted in a landmark New York State Court of Appeals case, ALH Properties Ten, Inc. v. 306 100th Street Owners Corp., in which he successfully argued that a lender’s security interest in a block of unsold cooperative shares was superior to any lien of the cooperative corporation with respect to the unfulfilled repair obligations of the co-op sponsor.

For more than two decades, Bob has served as chair of the New York State Bar Association’s Mortgage Foreclosures and Workouts program. Bob also served on the New York State Bar Association Real Property Section’s Task Force to Reform Mortgage Foreclosure Process, which resulted in passage of legislation authorizing nonjudicial foreclosure of certain commercial real estate mortgages.

Robert is currently serving as counsel to a Receiver of a condominium building in Manhattan which is in foreclosure (a CMBS loan) where the condominium units of the building include a 115-room Hotel.

Prior to joining Tarter Krinsky & Drogin LLP, Bob was a partner at Squire Sanders.

 

 

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