Real Estate/Development
Dec. 28, 2011
'Midnight raids’ of luxury hotels
Why "midnight raids" of luxury hotels is a trend likely to continue in 2012. By Teresa K. Goebel of Goodwin Procter LLP
Imagine this: You fall asleep after a relaxing first day of a long-planned vacation at your favorite luxury resort. When you awake the next morning the other guests are abuzz and you learn that the resort's operator was removed by armed guards while you slept. The resort is now operated by a company you have never heard of. The front desk has lost your credit card number. A stiff bloody Mary seems in order but the hotel can no longer serve...
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