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Hotels 2014: Law and Practice

 
Author(s): Andrew A. Lance, Scott D. Berman
Practice Area: Real Estate
Published: Oct 2014
PLI Item #: 50442
CHB Spine #: N622

Scott D. Berman is a Principal and the Industry Leader for the Hospitality & Leisure subsector at PwC, leading the firm’s industry program focused on client service, industry perspective and research. Mr. Berman has over 30 years of diversified experience in the areas of commercial and financial diligence, market and business strategy and subject matter expert advisory within the hospitality, tourism and leisure sectors. In his 24 years at PwC, he has provided consulting services in over 40 countries across the Firm’s network and in all 50 States.  Prior to joining PwC, Scott was the Director of Development for Hilton International where he was responsible for brand development and acquisition of existing properties in the United States, Canada, Mexico, Latin America and the Caribbean.

Scott is an active member of the Urban Land Institute Hotel Development Council (HDC) and its former Chair; a member of the Advisory Board of the Cornell University Center for Hospitality Research; Chairman of the Industry Relations Committee for the Greater Miami and the Beaches Hotel Association; Trustee of the American Resort Development Association; and, a member of the International Society of Hospitality Consultants. He sits on the planning and steering committees of both the NYU Hospitality Investment Conference and the Americas Lodging Investment Summit (ALIS).  He has appeared on CNN and CNBC as an industry expert and is frequently quoted on hospitality issues in The Wall Street Journal, USA Today, The New York Times, Forbes and a variety of industry publications. He has recently written several academic journal articles for both the Cornell Quarterly and the Center for Hospitality Research.

Scott holds a degree in Hotel Administration from Cornell University.


Andrew Lance is a partner in Gibson, Dunn & Crutcher's Real Estate Practice Group and Global Finance Group, resident in the New York.   As Co-Head of the firm's Hotel and Hospitality Practice, Mr. Lance leads the firm's representation of clients in some of the most visible and challenging hotel, resort and branded luxury residence transactions globally.  Mr. Lance's practice includes representation of management companies ranging from start-up boutique brand operators to the world' largest managers, and of real estate private equity, sovereign wealth, institutional and high net worth individual developers and owners of hotels and resorts globally in asset and joint venture transactions, including ground-up construction and branded residences.  Mr. Lance also represents lenders in origination and restructuring of complex mortgage, mezzanine and debt structures, including in particular expertise with cash management and anti-money laundering practices, and during the financial crisis Mr. Lance restructured dozens of hotel and resort properties including development of the first major hotel A/B Note restructuring.  He handles acquisitions and sales, construction and financing of hotels, resorts and hotel management agreements across North America, in Mexico, Brazil and the Caribbean, and in Europe and the MENA region, including the recent refinancing and franchising of the Atlantis Resort in Nassau, The Bahamas.  Mr. Lance is a member of the American College of Real Estate Lawyers and a fellow of the American College of Mortgage Attorneys, is ranked by Chambers as a leading real estate lawyer, and has been an Adjunct Professor at New York Law School since 1985, teaching Commercial Real Estate Leasing and Land Transfer and Finance, a Visiting Lecturer at Yale Law School, and a lecturer at the New York University Schack Institute of Real Estate teaching Real Estate Finance and Investment Analysis. He also is a frequent lecturer at programs of the Practicing Law Institute, the New York State Bar Association, the International Council of Shopping Centers, and IMN Conferences.  Mr. Lance earned his J.D. in 1983 from Yale Law School, where he was a member of the Yale Law Journal. He earned a Bachelor of Arts cum laude in 1980 from Princeton University and attended the University of Paris.