TORONTO — Three expert panels addresses key legal, tax and financial issues of interest to hotel operators at the Hotel Capital Connection conference which brought together hotel owners, lenders, lawyers and tax experts Nov. 17 at the Arcadian Loft, in downtown Toronto.
Leading off the agenda was the finance panel discussion, moderated by Bill Stone, executive vice-president, CBRE Hotels. The panel, which included Jessi Carrier, associate vice-president, Colliers International Hotels; Mark Kay, president, CFO Group; Ed Khediguian, senior vice-president, GE Capital; and Paul Scholz, managing director, Institutional Mortgage Capital, provided advice to owners on making better financing decisions; getting higher proceeds on better terms; and how to understand the process from the lender’s standpoint and why the capital stack is changing and how this can help owners.
Filling out the tax panel were Gus Buckley, of BDO Canada, and Jason Crane, of Altus Group, both of whom discussed how new tax laws and developments can affect hoteliers’ business now and in the future; and outlined sustainable strategies on how to reduce federal and provincial corporate income and the capital tax burden.
The third and final panel, which featured Jason Arbuck and Larry Weinberg, both of Cassels Brock & Blackwell LLP, and Phil Thompson, of Thompson Dymond, outlined tips on how to negotiate better financing documentation, hotel franchise and management agreements as well as key labour issues and concerns. Panelists addressed how laws are changing and how they will affect hoteliers and their stakeholders.