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 Web References

  1. 1. CoStar Group, Inc. - News: Manhattan Deals of Note
    www.costargroup.com/news/story - [Cached]

    Published on: 1/25/2001   Last Visited: 2/2/2001

    Brian Gell and Susan McWilliams of Insignia/ESG and Eric Asmundsen Esq. of Schulte, Roth & Zabel represented the interests of the landlord, 111 Chelsea LLC.
  2. 2. Welcome to Hotel and Motel Management Online
    www.hive4hospitality.com/highl - [Cached]

    Published on: 11/12/2000   Last Visited: 2/21/2001

    Ensuring that all of a property's systems are Year 2000 compliant and can read eight-digit dates, such as 01/01/2000, is a lot more difficult than it sounds, said Eric Asmundsson, an associate at Schulte Roth & Zabel LLP, a New York-based law firm, and author of Commercial Real Estate : The Doomsday Scenario..

    Y2K compliance often demands that a property spend a lot of time and money to get the necessary advice and support from qualified consultants, who seem to be in high demand and short supply these days, Asmundsson said-and that's just for one property. Most hotel companies operate more than one site, and have numerous suppliers and customers to worry about, too-if they aren't Y2K compliant, a hotel overnight can lose many of its patrons temporarily, as well as vendors.

    Televangelist Jerry Falwell in his recently released video, A Christian's Guide to the Millennium Bug, said : Y2K may be God's instrument to shake this nation, to humble this nation..

    In fact, Falwell went as far to say on the video that he intends to stock up on food, gasoline and ammunition, and that he would not be surprised if Christ appeared in 2000.
    ...
    Asmundsson isn't taking it quite that far, but he said he is reminded of the years immediately preceding 1000 A.D., when panic seized the superstitious population of Western Europe, leading many to abandon their farms and forges to join millennial cults preaching bizarre prophecies of doom.

    Many expected that the cataclysms predicted in the Book of the Apocalypse would commence at the turn of the millennium and that Judgment Day would soon follow, he said. While few people today advocate that we take to the hills and abandon our technologically advanced buildings, the coming of Year 2000 is likely to affect commercial buildings of different ages and types in significant and dramatically different ways, and unless building owners are adequately informed and prepared, the effects may indeed be catastrophic. Hotel & Motel Management will examine various Y2K compliance issues throughout 1999. Topics slated to be covered include supplier compliance, legal concerns, and possible Year 2000 problems linked to a wide array of hotel technologies, including : property-management systems, point-of-sale systems, telecommunication services, and security and energy systems. H&MM.

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