Hotel investors typically have two paths to take ownership of a hotel asset: Build or Buy. In my experience as a hospitality and transactional attorney, I have learned that those that build (via ground-up new construction or re-development of an existing asset) generally prefer to build a hotel asset over buying an existing asset for…
Posts by web@whiteunicornagency.com
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The Importance of a Commercial Lease Review (Part 2)
In my previous article, I discussed the importance of a lease review. The lease agreement is the binding agreement between the Lessor and Lessee and many important considerations exist. In most leases, the Lessor-Lessee relationship is known as the Landlord-Tenant relationship. There are many important considerations when reviewing a lease. A few additional items we…
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The Importance of a Commercial Lease Review -Part 1
The lease agreement is the binding agreement between the Lessor and Lessee. In most leases, the Lessor-Lessee relationship is known as the Landlord-Tenant relationship. Leases are common in almost every industry as business owners often lease space to operate his or her business. The lease agreement details the terms both parties are agreeing to and…
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PERMs and Audits
PERM is an acronym for the “Program Electronic Review Management” system established under the Department of Labor (DOL) regulations. It is by getting a PERM certified that a foreign national starts the process to become a lawful permanent resident through employment. This, consequently, launches the journey to U.S. citizenship. All employment-based permanent residency applications (green…
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Deferred Action for Childhood Arrivals (“DACA”)
DACA is a program instituted in 2012 that allows young undocumented immigrants, who came to America as children in circumstances beyond their control and have lived here since at least 2007 to request consideration for deferred action and receive work authorization and sometimes advance parole for short trips outside the United States. The fee to…
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B-1 For Business activities In The United States
If you are thinking of opening a business or working in the United States but are still prospecting, you may be eligible for a B-1 visa to participate in business activities of a commercial or professional nature in the United States. This includes but is not limited to: Consulting with business associates Traveling for a…
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The Importance of the LOI before the Purchase Contract
The Letter of Intent, also known as an “LOI” or “Term Sheet”, is generally prepared by the buyer and submitted to the seller. In order to formalize the intent here, it is appropriate for both parties to review and sign the document, so everyone is on the same page as to how the purchase contract…
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O-1 Visa: General Information
The United States Government can grant the O visa classification to a non-immigrant temporary worker who possesses extraordinary ability in the sciences, arts, education, business, or athletics, or who has a demonstrated record of extraordinary achievement in the motion picture or television industry and has been recognized nationally or internationally for those achievements. The classification…
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DHS is publishing an H-1B lottery final rule that gives preference to individuals with higher wages
The Department of Homeland Security (DHS) is releasing a final rule changing the next lottery for H-1B specialty occupation visas from the current random selection process to one based on an individual’s wages. The final rule is to be published on 01/08/2021 and will be effective 60 days from the date of publication. Per USCIS…