Editorial Board   Guest Author

Mr. Opar

John Opar

Partner, Real Estate Practice, Shearman & Sterling LLP

John Opar is a partner in the Real Estate practice. He has extensive experience in all areas of commercial real estate law, including foreign investment in U.S. real estate. He has worked frequently on Shari'ah compliant investments and has been involved in development projects in the U.S., the Middle East, China, England, Germany and the Philippines. Some of his most recent representation includes advising Qatar Investment Authority on its investment in Manhattan West, a development site valued upon completion at up to US$8.6 billion, advising Wafra Investment Advisory Group, Inc. in the acquisition of numerous multi-family and office properties including in New York; Washington, D.C.; Miami, Florida advising Public Institution for Social Security of Kuwait with respect to an investment in a joint venture to acquire a US$1 billion+ portfolio of regional shopping centers and advising a sovereign wealth fund in connection with investments with an operating partner in Manhattan office properties at 230 Park Avenue and 350 Madison Avenue. Mr. Opar received his J.D. from the University of Pennsylvania Law School and his B.A. from Swarthmore College. Mr. Opar is a member of the New York City Bar Association, the New York State Bar Association, the Arab Bankers Association of North America and the Real Estate Board of New York . Mr. Opar has authored several publications and participated in a number of speaking engagements at seminars and conferences on various real estate subjects. He has also been recognized in Euromoney's Guide to the World's Leading Real Estate Lawyers, New York Super Lawyers and The International Who's Who of Real Estate Lawyers.

Please visit http://www.shearman.com for more information.

Mr. Opar can be contacted at 212-848-7697 or jopar@shearman.com

Coming up in May 2020...

Eco-Friendly Practices: Creative Innovation

Being eco-friendly is no longer a fad. It is an urgent planetary need and hotels are actively doing their part to reduce their carbon footprint by implementing sustainable, green practices. In addition to the goodwill derived from doing the right thing, hotels are also realizing the benefits to their business. A large percentage of Millennials expect hotels to be eco-friendly and will only patronize those properties that are proudly conforming. Consequently, more hotels are realizing that sustainability is a key element in a successful branding strategy. In addition, going green can lead to a more profitable bottom line, as savings on electricity, water and cleaning materials can add up. Also, there are other advantages that come with being an eco-friendly business, such as government subsidies and tax and loan incentives. As a result, many hotels are finding innovative ways to integrate eco-friendly practices into their business. Geo-thermal energy systems, along with energy-from-waste systems, are being used to heat and cool the property. Passive solar panels, green roofs, natural lighting and natural ventilation strategies also assist in energy conservation. Low-flow water systems and plumbing fixtures make a contribution, as does eco-friendly hardwood flooring, and energy efficient televisions and appliances throughout the property. In addition, some hotels have implemented in-room recycling programs, and only provide all-natural, personal care items. One hotel has actually constructed a bee-keeping operation on their grounds. Not only is this good for the bees but the hotel also produces products from the operation which they sell. This kind of creative innovation also holds enormous appeal to guests. The May issue of the Hotel Business Review will document what some hotels are doing to integrate sustainable practices into their operations and how they are benefiting from them.