Lovelass v. Hutchinson, 2018 Fla - the trial court did not err in valuing a husband's pension by using a 2.5 percent multiplier rather than the 3 percent multiplier. Learn More >>
Professional goodwill in divorce - in FL, as in most states, enterprise goodwill is treated as marital property; however, personal or professional goodwill is not.
Schultz v Sayada, 2018 N.Y. - the trial court did not err in valuing the dissolved joint venture's property. The trial court found the use of two methods by defendant's expert increased the reliability of his valuation. Learn More >>
ASA vigorously supports trustee and appraiser, DOL backs judgment against trustee in Brundle v. Wilmington Trust ESOP litigation Learn More >>
Key Economic & Market Indicators
The GDP growth rate of 4.1% exhibited the fastest pace in almost four years and the U.S. trade deficit fell to a 19-month low;
The U.S. unemployment rate was at 4.0% in June, consumer-confidence measures improved, personal incomes and hourly wages rose and consumer spending increased;
Industrial production rebounded and auto sales continued upward;
Retail sales were up and inflation was moderate;
Gasoline prices slipped back, however, crude oil prices hit a nearly four-year high;
Stocks were flat and new- & existing-home sales and starts all fell.
Industry Highlights: Hospitality
Revenue for US hotels is projected to grow at an annual compounded rate of 4% between 2018 and 2022.
Resort Fees Rising - resort fees increased more than 11% in 2017, and the number of properties charging the fees rose by about 16%.
REIT Consolidation - real estate investment trusts (REITs) are driving consolidation of hotel chains in the US and internationally.
Corporate Services - providing a wider array of business services including videoconferencing, technical support for meetings, catered functions, rewards programs, and extended-stay facilities for corporate clients.
Extended-Stay Hotels - the number of extended-stay rooms has been growing, in part because the properties tend to have lower guest turnover and operating costs.