Hotel closings are hitting record levels, but for all the right reasons! Unlike closings caused by the “great real estate depression” of the early 1990s, hotels are closing today for positive reasons: major rehab and construction projects, conversions to condo hotel or residential condos and expansion. Hotel developers and owners are finding that construction is […]
In the wake of bruising partisan politics, the United States Department of Labor’s (DOL) much-anticipated overhaul of the federal white-collar employee overtime exemptions became effective on August 23, 2004. Depending upon who you ask, the regulations could deprive as many as six million or as few as 107,000 workers of federal overtime pay. However, there […]