| LAW OFFICES OF W. RUSSELL TOATES |
I served as in-house counsel for a real estate investment firm that acquired 14 hospitality properties, with
responsibility for acquisition due diligence, contract negotiation, closing, and subsequent negotiation of
contracts to sell the properties. In addition, I was responsible for structure and negotiation of franchise and
management agreements for all properties- often involving a conversion of one or both of those following
acquisition. I worked closely with property managers on day-to-day operating issues including employment
matters and operating agreements with third parties. My experience gives me a unique perspective on the
issues faced by owners and developers of these properties.
responsibility for acquisition due diligence, contract negotiation, closing, and subsequent negotiation of
contracts to sell the properties. In addition, I was responsible for structure and negotiation of franchise and
management agreements for all properties- often involving a conversion of one or both of those following
acquisition. I worked closely with property managers on day-to-day operating issues including employment
matters and operating agreements with third parties. My experience gives me a unique perspective on the
issues faced by owners and developers of these properties.
- Led acquisitions and sales of 14 hospitality properties, including locations in Mexico.
- Negotiated franchise and management agreements for multiple hospitality properties, including
Marriott and Starwood product.
- Oversaw HR practices for 14 hospitality properties with 1200+ employees in eight states and
Mexico, including guidelines and employee handbooks, and compliance with federal/state hiring,
discrimination and employee protection issues.
- $200 million refinancing of seven hotels in multiple states.
- Responsible for all legal matters relating to change of franchise and/or management for multiple
hotel properties.
| Value ◊ Practical Answers ◊ Results |
| Representative Transactions- Hospitality |