Daphne's Greek Café Opens on USC Campus
DWT client Daphne's Greek Café opens on the campus of USC:
http://dailytrojan.com/2010/01/15/cafe-84-adds-two-international-options
Simon Confirmed as Chef at LA's New JW Marriott
DWT client Kerry Simon confirmed as chef at the new JW Marriott Hotel in Los Angeles, which opens February 15, 2010:
http://la.eater.com/archives/2010/01/15/kerry_simon_chef_for_la_lives_jw_marriott.php
Top 10 Considerations When Negotiating a Minority Interest Investment in a Hospitality Enterprise
With valuations for hospitality enterprises becoming more attractive to investors, many expect private equity investments to increase in 2010. Many of these transactions will result in investors holding a minority interest. Summarized in this post are some of the more important considerations for these types of investments, including:
- Governance and voting
- Preferred distribution rights
- Regulatory considerations
- Redemption rights
- Registration rights
- IPO participation right
- Preemptive rights
- Antidilution protection
- Co-sale rights
- Drag-along rights
