Marks Paneth Comments on HUD's Proposed Changes to §200.216

Marks Paneth recently submitted its comments in response to the United States Department of Housing and Urban Development's (HUD) proposed rule meant to improve the previous participation reviews process, particularly under FR-5850-P-01 §200.216.

If you invest in or operate HUD projects, you may be interested in reading Marks Paneth’s perspective on the proposed rule change.

Read more here

FASB Roundtable on Proposed Nonprofit Accounting Standards

Marks Paneth was invited to attend one of two FASB roundtable meetings held on September 21 to discuss our views with the FASB Board and their technical managers on the Proposed Accounting Standard update (exposure draft) which suggests major revisions to the way nonprofit financials will look in the future. We expect the draft standard will undergo revisions as a result of the comments and roundtable input that the FASB received from Marks Paneth and the other roundtable participants. One more roundtable is being held in Los Angles in October.

Read a summation of the September 21 roundtable discussion here.

To Operate or Not to Operate Your Hotel Restaurant Yourself... That is the Question

For hotel owners who have cash on hand as a result of a healthy economy and who are looking to upgrade services, the restaurant is a natural item in a renovation project. But upgrading the restaurant isn’t an easy matter. To put it in stark terms – restaurants don’t work the way hotels do: they are different businesses that can easily wind up in conflict.

In his article, Larry Cohen discusses the options, the risks and the rewards of upscaling your hotel restaurant, running it yourself, franchising a national brand, leasing it or bringing in a third party to manage the business.  There are traps for the unwary, so be realistic and informed. 

Read more here.