Category: Hospitality Practice Group

The Industry Newsletter: April 2021

Check out the full The Industry Newsletter: April 2021 Edition

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POSTED IN: Hospitality Practice Group, News, The Industry

Client Alert: SBA Issues Guidance for Restaurant Revitalization Fund Program

On April 17, 2021, the Small Business Administration (“SBA”) quietly rolled out a new website for the much-anticipated Restaurant Revitalization Fund (“RRF”) program.  The website includes, among other things, a sample Application and Program Guide.  A copy of the Program Guide can be found here and a copy of the of the sample Application can…

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POSTED IN: COVID-19, Hospitality Practice Group, News

Eric M. Sigman Joins Ruberto, Israel & Weiner’s Corporate & Business Law and Hospitality Practice Groups

RIW is pleased to announce that Eric Sigman has joined the firm as a Shareholder in the Corporate & Business Law and Hospitality Practice Groups. Eric focuses his corporate practice in the areas of corporate formation, capitalization, succession planning, commercial leasing, and mergers and acquisitions. His transactional practice includes counseling clients in connection with mergers and acquisitions, asset…

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POSTED IN: Corporate & Business, Hospitality Practice Group, News

Client Alert: The American Rescue Plan Act of 2021 Establishes A $28.6 Billion “Restaurant Revitalization Fund” Within the U.S. Small Business Administration

On March 11, 2021, President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (the “Act”) into law. The wide-ranging $1.9 trillion stimulus bill establishes a $28.6 Billion “Restaurant Revitalization Fund” (the “RRF”) within the U.S. Small Business Administration (the “SBA”). The RRF is the first package of its kind to target restaurants through…

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POSTED IN: COVID-19, Hospitality Practice Group, News

Client Alert: Congress Appropriations Bill Expands Paycheck Protection Program

Following weeks of negotiation, Congress passed the 5,593 page Consolidated Appropriations Act, 2021 (the “Act”) in the late hours December 21, 2020, that, in part, allocates approximately $900 billion towards emergency coronavirus relief and effectively extends and expands the Paycheck Protection Program (the “PPP”) and existing unemployment assistance programs.  A copy of the Act can…

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POSTED IN: COVID-19, Hospitality Practice Group, News

Client Alert: Step II of Phase III Reopening Plan Announced

On September 29, 2020, the Baker-Polito Administration announced that effective Monday, October 5th, lower risk communities* will be permitted to move into Step II of Phase III of the Commonwealth’s reopening plan with the following restrictions:     Indoor performance venues will be permitted to open with 50% capacity with a maximum of 250 people….

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POSTED IN: Articles & Quotes, COVID-19, Hospitality Practice Group, News

Client Alert: State Tax Deferral for Massachusetts Retail & Hospitality Industries

Image of Attorney Adam Barnosky

On September 15, 2020, Massachusetts Governor Charlie Baker announced an extension of state tax deferral measures aimed at easing COVID-19 related financial burdens for the retail and hospitality sectors.   The tax deferral extension will include the following measures:   Extended Time Period for Deferral. Sales tax, meals tax, and room occupancy taxes will be…

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POSTED IN: Articles & Quotes, COVID-19, Hospitality Practice Group, News

Impact of the Pandemic on Restaurant Leases and Valuations

We thought you’d be interested in this summary put together by Restaurant Trends Seminar partner, the Boston Restaurant Group: In the past a “good” lease was always considered the most valuable asset of a restaurant. Post COVID-19, it has become the restaurant’s greatest liability. I realize how difficult the past few months have been for everyone in the…

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POSTED IN: Commercial Real Estate, COVID-19, Hospitality Practice Group, News

Webinar Recording: Re-Opening Guidance for the Massachusetts Restaurant Industry

Thank you to everyone who was able to participate in the Re-Opening Guidance for the Massachusetts Restaurant Industry webinar last Wednesday. These are challenging times and we hope it was useful. As many people requested, we are enclosing a recording of the webinar in the link below for those who would like to review what was covered….

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POSTED IN: COVID-19, Events, Hospitality Practice Group, News

Re-Opening Guidance for the Massachusetts Restaurant Industry Webinar

The RIW Hospitality Practice Group will host the Re-Opening Guidance for the Massachusetts Restaurant Industry Webinar on Wednesday, June 17, 2020 from 2:00 to 3:00 PM. WEBINAR INFO: Restaurant operators face a host of business and legal hurdles as the industry re-opens under Phase 2 of Governor Baker’s Re-Opening Plan. Please join restaurant industry professionals, regulators,…

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POSTED IN: COVID-19, Events, Hospitality Practice Group