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205 | Opportunity Zones Create 21st Century Gold Rush
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Today’s report takes a look at a newcomer to hotel fund raising – the Investing in Opportunity Act, and the capital pools and projects the federal law is generating.
While the U.S. Department of the Treasury and the IRS are still working on the act’s punch list, many hotel developers and private equity groups are moving ahead to capitalize early on projects already breaking ground in designated opportunity zones.
In this episode, we hear from leadership at Peachtree Hotel Group of Atlanta, and a real estate attorney specializing in hotel development and opportunity zones. We also feature recorded interviews of the U.S. senators responsible for introducing the act.
You’ll hear from …
- Greg Friedman, co-founder and president, Peachtree Hotel Group
- Mitul Patel, co-founder, managing principal and COO, Peachtree Hotel Group
- Brian Waldman, senior vice of president of investments, Peachtree Hotel Group
- Nicole Ament, real estate lawyer and shareholder in the Brownstein Hyatt Farber Schreck law firm
Resources & Links
VIDEOS
- Scott and Booker at NACo.
- Scott on Bloomberg
- Scott on Senate Finance Committee
- Letter Sen. Tim Scott and others sent to Steve Mnuchin, secretary of the U.S. Treasury listing unanswered questions regarding opportunity zone investment.
- Economic Innovation Group (EIG)’s website FAQs
Opportunity Zone legislation links
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321 | Here to Help: Pandemic crisis fuels third-party management growth
Hotel owners and operators who believed they could go it alone before the coronavirus pandemic devastated the hotel industry are having another think and turning to third-party managers to work their way back to profitability in the post-pandemic recovery. Another trend contributing to the growth in third-party managers’ business is more commercial real estate investors armed with cash entering the hotel sector and in need of an experienced operations team. Episode 321 of Lodging Leaders podcast explores the growth of third-party management companies over the past 12 months. This report is part of Lodging Leaders’ coverage of the coronavirus crisis and its impact on the hospitality industry.
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320 | Where’s My Stuff?: Breaks in the global supply chain disrupt hotel projects, increase costs
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