Peter M. Gunnar

Resort Time-Sharing: Current Regulation ... and the Alternatives

Although time-sharing is by no means a panacea for the hotel operators all-too-frequent problem of underutilized capacity, it can contribute to a smoothing of seasonal peaks and valleys in occupancy. The author intro duces the time-sharing concept and presents a proposal for disentangling the imbroglio that currently characterizes time-sharing regulation.

Management Contracts: The Condominium Hotel

The condominium hotel manager should approach the drafting of the management contract with great care. If the contract is poorly drawn, he will live a bad dream around the clock.

Financing in the '80s

be sure, most condominium hotel development is still taking place in resort areas, but the number of commercial hotels structured as condominiums has recently risen substantially. Reasons for the shift. Why is it that the condominium concept has historically been applied almost exclusively to hotels located in destination resorts? One reason is the relative ease with which the target market for condominium hotel units can be identified and

The first authoritative text dealing with The Management of Hotel and Motel Condominiums

the &dquo;The with managing a condominium hotel must wear numerous lawyer, tax expert, cost accountant, marketer, and-perhaps most important-diplomat. The committee of the American Hotel & Associhas long the need for a book that explained farranging demands-a that would allow hoteliei-s everywhere to on their previous training and expertise to bring professioi-ial management to condominium hotels. Thr ~~c~f~~~~~~~rrt~x~tt olf H>iri t?n<I Mo~’~ Cd~~~;~c~~r~itc~~c~ta~ is just that book, and at all levels of the industry---from executives to department heads and supervisors~it promises to fill an immediate n ecd.&dquo;&horbar; R !f~ a r.~ ~rc~~~~r~~~~~r, ~~~°crs~~~~=~z~ f

The management of hotel and motel condominiums

most important-diplomat. The condominium committee of the American Hotel & Motel Association has long recognized the need for a book that explained these farranging demands-a guide that would allow hoteliers everywhere to build on their previous training and expertise to bring professional management to condominium hotels. The Management of Hotel and Motel Condominiums is just that book, and at all levels of the industry-from executives to department heads and supervisorsit promises to fill an immediate

Food and Beverage Operations in the Condominium Hotel

THE PROFITABLE OPERATION of food and beverage facilities is even more important to the management of a condominium hotel or motel than it is to the management of a conventional hotel. Fifty years ago, many hotel executives looked upon their food and beverage operations as a service to their guests, and were satisfied if they operated at the break-even point. More recently, a reasonable contribution

Vacation Bonds in Resort Hotel Financing

opers s and operators have been turning to the multiple-unit ownership or the prepaid vacation concept to finance and market their facilities. Under each program the purchaser buys the right to occupy vacation accommodations for a specified time period each year for a specified number of years. Successful programs of this nature have been sold in California, Hawaii, the Caribbean and throughout Europe. Presently, similar offerings are being made in Colorado, Florida and New England. Time-sharing arrangements have appeared in various forms. The buyer of a Time Share Ownership acquires legal title to an undivided interest

Is a Condominium Management Contract a Registerable Security

Mr. Gunnar is also president of Condominiums Northwest, Inc., which has developed almost 500 resort hotel condominium units in thr ee projects and is president, securities principal and real estate broker of Condominiums Marketing, Inc., the first Broker /Dealer Real Estate Broker specifically organized to market condominiums. He is a partner of Gunnar, Burkhart, Armstrong & Associates, consultants in the

Securities Regulation of Condominium Hotels

This article is based on a report Peter M. Gunnar prepared for the Condominium Committee meet ing of the American Hotel & Motel Association at the 59th Annual Convention, held December 8-12 in Mexico City. Mr. Gunnar, a lawyer and former trial court judge, is the chief executive officer of Condo minium Northwest, Inc. and of McMillan Inns, Inc., a company specializing in condominium resort hotels. His companies accomplished the first and second voluntary SEC registrations of condominium hotels — the Inn at Spanish Head and the Inn of the Seventh Mountain. Mr. Gun nar also acted as counsel for Sunriver Properties in registering Sunriver Lodge, the fourth such voluntary registration.