January 09, 2024 | New York Law Journal
Choice Hotels' Hostile Bid To Take Over Wyndham HotelsA discussion of the background and implications surrounding Choice Hotels International's recent announcement of its hostile bid to take over the outstanding shares of its competitor Wyndham Hotels & Resorts which is publically opposed to the merger.
By Todd Soloway and Rachel Shaw
7 minute read
April 13, 2021 | New York Law Journal
Adapting to the New Mezzanine Loan Foreclosure DynamicsThe raft of litigation arising out of pandemic-induced foreclosure actions and diligence-intensive distressed deals are causing lenders and borrowers alike to carefully scrutinize their loan documentation. Methods of enforcement and potential defenses are critical.
By Todd Soloway and Michael Levison
8 minute read
October 27, 2020 | New York Law Journal
The Pandemic's Impact on Eviction ProceedingsTodd Soloway and Rachel Shaw discuss the most recent pandemic-related governmental and administrative orders issued limiting eviction proceedings and their impact on both commercial and residential proceedings in New York City, including limitations placed on personal guarantors.
By Todd Soloway and Rachel E. Shaw
8 minute read
April 17, 2018 | New York Law Journal
Does Local Law 50 Enact an Unconstitutional Taking?In their Hospitality Litigation column, Todd Soloway and William Charron discuss Local Law 50 which bans conversion of more than 20 percent of rooms in hotels with over 150 rooms. They argue the law "holds large hotel owners hostage, and imposes restrictions on their ability to put hotel properties to their highest and best use," and examine how this may violate the Federal and New York State constitutions.
By Todd Soloway and William Charron
11 minute read
March 28, 2017 | New York Law Journal
CPLR 6312(b)'s Bond Requirement: A Shield for Hotel Owners?In their Hospitality Law column, Todd Soloway and Bryan Mohler write: Aside from questions regarding the enforceability of such an injunction provision, an independent issue arises concerning the appropriate quantum of injunction bond that, pursuant to CPLR 6312(b), a hotel operator should be directed to post in order to secure an injunction depriving a hotel owner of its power to terminate an HMA. This article explores this issue, including whether the undertaking requirement is a potential additional barrier to hotel operators effectively enforcing "contractual injunction" provisions in HMAs.
By Todd Soloway and Bryan Mohler
17 minute read