Leisure and Hospitality
- Leisure and Hospitality
We are the established industry leader in delivering innovative, transformative legal services and business advice for developers, marketers, sellers, operators, and lenders of shared vacation ownership/ timeshare resorts and clubs, vacation/travel/destination clubs, hotels, and other leisure properties. We have represented hundreds of hospitality clients in virtually every type of matter affecting their businesses for more than three decades, and we are specifically known for our leadership and experience in shared vacation ownership and club membership products.
We have pioneered many areas in the shared vacation ownership industry including, points-based vacation clubs and exchange programs, luxury destination and travel clubs, receivable financing and securitization, mixed-use hotel/timeshare/condominium projects, and more recently, we were the leading innovator in structuring and implementing the "capital-light" (fee-based services) platform for shared vacation ownership development, marketing, sale and management. This platform has evolved from a distressed asset solution to a purpose-driven business model adopted by virtually every major company in the shared vacation ownership industry. We have represented clients in nearly three dozen of these complex transactions, with several more currently in process.
We take pride in delivering personalized service and business-minded advice and having the capability to offer a total solution practice. The depth of our industry-specific experience and the breadth of complimentary practice groups at Taylor English allows us to support our clients in every area of their businesses—from day-to-day operations to the most complex opportunities and challenges.
Performed all due diligence and assisted as to acquisition of resort operator, Intrawest Resorts by Fortress Investments for more than $2 billion.
Represented national and regional resort developers as lead and/or local counsel in connection with the financing of vacation ownership receivables through numerous term securitization, warehouse lines of credit, receivables hypothecation and whole loan sale transactions with combined transaction sizes/commitments in excess of $1 billion including the following: (1) Representation of a national resort developer in connection with a term securitization ...
Served as lead counsel to a national developer (and certain subsidiaries) in connection with the structuring, negotiation and documentation of a private offering of $75 million senior secured notes. The note issuance was a highly significant event in the life of this client providing a part of the financing ultimately necessary for a subsequent merger transaction resulting in this client’s becoming a private company.
Represented the nation’s largest owner/operator of economy extended-stay facilities in the acquisition of extended-stay facilities in Georgia and Texas.
Represented resort developer in the sale of $30 million resort and other assets. Represented a South Carolina-based timeshare developer with its sale of timeshare resorts located in South Carolina and Tennessee. Assisted in drafting and negotiation of asset purchase and sale agreement and all related closing documents. We also assisted in updating all necessary regulatory registrations.
Represented prominent hotel located in Buckhead, Atlanta in all aspects of licensing, compliance and general corporate matters. Assisted hotel developer with all state, federal and local alcohol licensing, including business licensing for the hotel and related restaurant Craft.
Represented Las Vegas resort developer in the sale of real property intended for a redevelopment project located on the Vegas strip by Harrah’s Hotel Resort and Casino. One of several attorneys involved in document negotiation, drafting and closing the transaction.
Represented a resort developer in connection with a $40 million hypothecation loan transaction involving receivable loans, which was securitized. Assisted in all aspects of document negotiation and drafting and due diligence.
Represented surviving company in a $200 million merger. Represented resort developer in acquisition of new resort homes to add to a club. The transaction also involved a $200 million credit facility with CapitalSource bank. Assisted in negotiation of the purchase and sale agreement, review of due diligence, review of loan documents and preparation of all corporate work relative to the transaction.
Acquisition of a Hyatt hotel for $19.8 million in Kansas, and a Sheraton hotel for $9.5 million in California.
Represented clients to address and resolve issues and improve ratings with various Better Business Bureaus, including obtaining favorable settlement that required the BBB to reinstate a client’s A+ rating and correct inaccuracies in their business summary.
Represented clients in investigations or in obtaining an opinion or ruling from state or local taxing authorities regarding the application of sales and use tax to various products and services.
Represented clients in state by state registration of the multi-site timeshare plans, including state registration work for telemarketing and seller of travel purposes.
Represented clients in the preparation and registration of developments under the Federal Interstate Land Sales Act.
Represented clients in the acquisition, formation and development of residential and resort property, including condominium, timeshare and country club developments.
Successfully resolved hybrid wage and hour collective/class action brought by managers of national coffee store company who alleged that they were misclassified as exempt.
Successfully defended the first class action under the WARN Act.
Successfully resolved putative collective action by managers and assistant managers of national fast food restaurant chain who alleged that they were misclassified as exempt under the Fair Labor Standards Act.
Represented and counsel to multiple developers of fractional real estate products in various resort locations within the United States, including the development of fractional single family residences.
Representation of a hotel company as Georgia counsel in a multi-state, multimillion dollar hotel property refinancing.
Represented a specialty finance company resort lender in connection with structuring, negotiating and documenting a vacation ownership receivables loan sale program.
Represented a national resort developer in connection with a $30 million loan consolidation of multiple real estate and resort secured loans.
Represents two of the largest franchisees (with more than 100 combined locations) of a major national quick serve restaurant company in connection with the financing of the transfer of franchise ownership to new owners.
Represented a bank resort lender in connection with the structuring, negotiation and documentation of the conversion of a construction loan to a vacation ownership receivables hypothecation loan.
- February 9, 2017
- February 9, 2017
- January 11, 2017
- January 11, 2017
- January 11, 2017
- January 11, 2017
- January 11, 2017
- August 24, 2016
- July 21, 2016
- June 17, 2016
- May 31, 2014
- December 13, 2013
- October 14, 2013
- April 23, 2013
- November 1, 2016
- August 15, 2016
- November 2, 2015
- August 17, 2015
- March 9, 2017
- "Dealing with Negative Feedback Online: A Restaurant's Guide to Taking Legal Action… Or Not," Georgia Restaurant Association’s Legal Knowledge CenterFebruary 1, 2017
- January 2017
- January 25, 2017
- "What the Election Means for Your Restaurant and the People You Employ," Modern Restaurant ManagementOctober 20, 2016
- October 13, 2016
- March 31, 2016
- March 12, 2015
- October 21, 2014
- "Lessons from the Marketplace: Evolution of Developer Financing in Fee-Based Service Arrangements," Developments MagazineOctober 14, 2013
- "Liability of the Golf Course Owner or Operator," Club Managers Association of America Back of the House BlogSeptember 4, 2012
- July 10, 2012
- Scottsdale, Ariz., March 15, 2016
- Scottsdale, Ariz., March 14, 2016
Michele L. Stumpe is a seasoned litigator whose practice concentrates on premises liability, business litigation, hospitality and dram shop litigation, as well as alcohol licensing and consulting.
The Georgia Restaurant Association presented Michele L. Stumpe with the Chairman’s Award at its 7th annual Georgia Restaurant Association Crystal of Excellence (GRACE) Awards on November 10, 2013. The Chairman’s Award honors a single individual in the restaurant industry who has provided extraordinary service to the industry as a whole.
- U.S. Department of Labor Issues New Overtime Exemption Rules Joseph W. Bryan
Areas Of Focus
- Project (Hotel and Resort) Acquisition
- Project (Hotel and Resort) Financing
- Project (Hotel and Resort) Structuring and Development
- Regulatory Compliance and Administrative Law
- Formation of Timeshare Resorts and Vacation, Travel and Destination Clubs
- Marketing, Promotional and Affinity Programs
- Hotel and Resort Management and Operations
- Complex Credit Facilities and Securitizations
- Trade Practice/Governmental Investigations
- Restaurant, Food and Beverage
- Business Law Services