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  • A Bi-Monthly Electronic Publication for Section Members
  • October 2010

Group & Committee News

Hospitality, Timesharing and Common Interests Development Group

The Hospitality, Timesharing and Common Interests Development Group consists of three Committees: the Common Interest Ownership Development Committee, the Hotels, Resorts, and Tourism Committee, and the Timesharing and Interval Uses Committee. The Group actively develops substantive programs for RPTE and provides free quarterly hot topic conference calls on the latest issues impacting attorneys who practice in the respective Committee areas. The Group is Chaired by Rob Freedman of Carlton Fields and Dan Orvin, Group Vice Chair, of Buist Moore and always has something going on!

The Common Interest Ownership Development Committee, led by Chair Kelly Weiner of Venable and Vice Chair Steve Mezer of Bush Ross, has been and continues to be involved with various issues involving the financing of common interest ownership projects.  The Committee recently presented an eCLE program entitled “Challenges in Obtaining Secondary Market Condominium Pre-Approval in a Volatile Regulatory Environment,” as the regulatory requirements of Fannie Mae and FHA have led to significant problems in projects being able to qualify for secondary financing.  The Committee is currently involved in the guidelines for private transfer fee covenants as proposed by FHFA, working with Section leadership and others to formulate a response to the guidelines.

The Hotels, Resorts, and Tourism Committee, led by Chair Gwen Allen of Ballard Spahr and Vice Chair Nancy Haggerty of Michael Best & Friedrich, continues to deal with the current economic situation and the workout of existing projects and loans.  The Committee is working on two eCLE programs, one program on tax impact of forgiveness of indebtedness, and the other on difficulties of workouts of mixed use properties—both reprises of presentations made at the 2010 Spring Symposia CLE meeting.  In addition, this committee is planning on contributing to the Group “Hot Topics” presentation.

The Timesharing and Interval Uses Committee, led by Chair Joey Lubinski of Ballard Spahr and Vice Chair Dan Bachrach of Foley and Lardner, continues to monitor both state and international timeshare regulation developments, as well as emerging trends in the offering of timeshare and fractional products (including as a strategy for disposing of certain types of distressed condominium projects).

To learn more about this committee, follow this link: http://www.abanet.org/dch/committee.cfm?com=RP266000.