Hospitality and leisure represents a multi‐billion‐dollar global industry, covering a broad range of services with inter‐related requirements. By aligning the breadth and depth of our key practice areas to the specific needs of the sector, we have the requisite focus and experience to provide a first-class service, coupled with international and national understanding, to our clients in their local and international investments and operations.
Our clients include owners, managers, franchisors, developers and lenders; global, regional and national hotels; resort businesses; serviced apartments; and leisure and sports operators (golf courses, theme and amusement parks, health and fitness facilities, spas, gyms, leisure complexes, cinemas, marinas, nightclubs, casinos and gambling establishments) as well as organizers and developers of venues for major sporting events, including the Olympic Games and Commonwealth Games.
Every legal skill is available to you, and we are one team offering you unmatched global reach in your sector.
Our global reach
Our global Hospitality and Leisure team operates from offices throughout Asia Pacific, Europe, the Americas, Africa and the Middle East. Wherever there is a DLA Piper office, you will find our local team embedded in the market. Our exceptional geographical reach and industry‐specific experience means that we have local lawyers with regional and global experience who understand the complexities involved.
Some of the technical expressions used in the country insights section are explained below:
Adjusted Gross Operating Profit.
Earnings Before Interest, Taxes, Depreciation, and Amortization.
Furniture, Fixtures, and Equipment.
Gross Operating Profit.
An owner will often insist that the operator does not open another hotel with the same brand within a certain radius, either for the whole of the term of the HMA or for a specified period. Operators with large portfolios comprising a number of brands will normally seek to exclude some of the brands from the noncompete clause.
An agreement between a hotel’s owner, operator and the owner’s lending bank whereby the bank agrees that if the owner defaults under its loan and the bank forecloses, the bank will keep the HMA in place. The bank will usually have the right to step in and cure an owner’s default under the HMA.
The abbreviation for rooms revenue per available room, namely the gross rooms revenue of the hotel divided by the number of room nights available (which also equals the average daily rate multiplied by the occupancy). This is the primary benchmark for measuring the performance of hotels.