Zeidel & Associates Facilitates Sentral’s Expansion into Las Vegas and Portland, OR
Zeidel & Associates represented Sentral in its recent expansion into Las Vegas and Portland, OR, negotiating property management agreements (PMA) for two new properties: Otonomous Hotel in Las Vegas and The Sutton in Portland, highlighting Sentral’s capability to manage both long-term residential rentals and transient short-term rentals. Additionally, the firm facilitated the subordination agreements with the owners’ lenders.
Our team navigated several specific legal and operational challenges to secure a favorable agreement with the property owners. Our team meticulously reviewed, refined, and negotiated terms to address several critical considerations, including:
Performance test
Indemnification clauses
Employee cost management
Non-solicitation restrictions
Branding issues
Assignment rights
Liability limitations
Fee calculations
Each of these elements was carefully negotiated to protect Sentral’s interests and ensure a robust and mutually beneficial agreement.
Concurrently with these negotiations, Zeidel & Associates revised Sentral’s standard PMA form to enhance future transactions. We collaborated with Sentral to develop comprehensive language that effectively communicates its service offerings and fee structures – designed to be adaptable – allowing for customization depending on the deal terms.
The firm is currently negotiating additional agreements for new locations for Sentral.
For more information, visit www.zeidellaw.com https://zeidellaw.com/news/news-resources/zeidel-associates-facilitates-sentrals-expansion-into-las-vegas-and-portland-or/
Similar Member News Items
Yonkers Downtown/Waterfront BID celebrated another unforgettable Yonkers Riverfest on September 13, 2025, welcoming over 18,000 attendees to the Hudson River waterfront for Westchester County’s largest one-day festival. The festival featured 160+ vendors, including local artisans, food, and community organizations, offering attendees a full day of live music, culinary delights, interactive activities, and cultural experiences. Festival-goers […]
If your company is looking to hire now, or in the immediate future, this event will introduce your organization to an untapped pool of potential employees. If you have attended one of our events previously, you know that they draw hundreds of enthusiastic job seekers, advocates, coaches and family members. We do our best to […]
Andrus proudly welcomed back families, staff, and community partners to its first Fall Festival since 2019, marking the joyful return of one of the organization’s most beloved traditions. The event, held on the Andrus campus at 1156 North Broadway in Yonkers, drew hundreds of attendees for a day of fun, laughter, and community connection. The […]
Become A Member
Join the county’s largest and most influential business organization today.
JOIN NOW!
Leave a Comment
You must be logged in to post a comment.