During the recent boom in hotel development, there has been a significant increase in the development of lifestyle and luxury resorts in the Caribbean and other resort destinations.
Data from STR’s October 2016 Pipeline Report indicate there are 190 hotels currently under development in the Caribbean/Mexico regions. The projects comprise more than 32,000 rooms, which represent a 14.3 percent increase over just the last year. The hotel management agreements that govern such projects, and others in development in other destinations outside the United States, often contain forum selection clauses that select New York as the forum for litigation. This is so despite the fact that often neither the parties nor the hotel in question has any connection to the state.
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