In recent years, high interest rates, inflation, and changing consumer trends have resulted in a tightening of financing options available for restaurants. Lenders often require various forms of collateral for restaurant financing, particularly in assets that hold strong market value and can be resold in case of a borrower default. One increasingly popular solution for restaurateurs…
POSTED IN: Articles & Quotes, Hospitality Practice Group
Chair of RIW’s Restaurant & Hospitality Group, Adam Barnosky, will be a judge at the Massachusetts Restaurant Association Education Foundation’s 2025 Massachusetts ProStart Student Invitational later this month. Each year, the MRAEF hosts the ProStart Invitational, which allows schools to compete in culinary and/or management competitions. The judging panel is comprised of industry experts who…
POSTED IN: Hospitality Practice Group, News
Congratulations to our client Rachel Miller, chef and owner of Nightshade Noodle Bar in Lynn, MA, for being named a 2025 James Beard Awards Semifinalist in the Best Chef: Northeast category. This is Rachel’s second consecutive year recognized in this category and the third year in a row that the James Beard Awards have nominated…
POSTED IN: Hospitality Practice Group, News
National operators face continuing challenges with alcoholic beverage licensing and compliance, predominantly due to the inherent complexity of adhering to a diverse array of liquor control regulations across the United States. Each state, and often municipalities within them, have their own rules for obtaining and maintaining licenses, covering everything from hours of sale to employee…
POSTED IN: Hospitality Practice Group, News
The October issue of RIW’s Hospitality Practice Group newsletter, The Industry, is live! This quarter, we explore some of the latest trends and insights shaping the hospitality landscape, including: Adam Barnosky and Michael Cronin tackle key updates and commonly asked questions about Boston’s new liquor license bill and approval process. Thinking about selling your business?…
POSTED IN: Hospitality Practice Group, News, The Industry
In response to the recent passage of the Liquor License Expansion Bill, the City of Boston quickly established new application procedures in recent weeks and conducted outreach through a series of presentations by Mayor Michelle Wu, the Boston Licensing Board, the Office of Economic Opportunity, and the Boston City Council. While much of the local…
POSTED IN: Hospitality Practice Group, News
Check out the latest episode of Transaction Talk featuring Adam Barnosky, Chair of the Restaurant and Hospitality Practice Group at Ruberto, Israel & Weiner. In this conversation, Adam delves into the unique challenges of restaurant transactions, discussing everything from liquor licensing and zoning permits to the intricacies of multi-unit franchising. He highlights how doing your…
POSTED IN: Corporate & Business, Hospitality Practice Group, News
On September 11, 2024, Massachusetts Governor Maura Healey signed into law a bill which will create 225 new liquor licenses in the City of Boston over the next three years. The bill, formally titled “An Act authorizing additional licenses for the sale of alcoholic beverages to be drunk on the premises in the City of…
POSTED IN: Hospitality Practice Group, News
On May 13th, we gathered over one hundred industry professionals at Boston’s City Winery in celebration of the 30th anniversary of Restaurant Trends. Restaurant operators, lawyers, bankers, brokers, and more packed the Haymarket Lounge and were treated to two hours of valuable insights on topics such as innovation, development, and expansion trends driving success in…
POSTED IN: Events, Hospitality Practice Group
On April 30, 2024, Massachusetts Governor Maura Healey signed a new law that will expedite outdoor dining approvals at the local level and authorize licensed restaurants to serve cocktails “to go.” The new law, titled “An Act Making Appropriations for the Fiscal Year 2024 to Provide for Supplementing Certain Existing Appropriations and for Certain Other…
POSTED IN: Hospitality Practice Group, News
