Page 28 - ZaZa Q12021 Owners Meeting_Neat

OTHER GOVERNMENT PROGRAMS GO VERNMENT PROGR AM

RESTAURANT REVITALIZATION FUND GRANT

WHAT?
The RRF will offer $28.6 billion in grants to hard-hit restaurants and bars, with restaurants able to
apply for grants based on lost revenue. Additionally, $5 billion of that total will be set aside expressly

for businesses with 2019 gross receipts of less than $500,000.

KEY POINT:
(4) ELIGIBLE ENTITY.—The term ‘‘eligible entity’’—

(A) means a restaurant, food stand, food truck, food cart, caterer, saloon, inn, tavern, bar,
lounge, brewpub, tasting room, taproom, licensed facility or premise of a beverage alcohol

producer where the public may taste, sample, or purchase products, or other similar place of
business in which the public or patrons assemble for the primary purpose of being served food
or drink;

H&K COMMENTARY:
“I think the biggest challenges for hotel businesses will be meeting the ‘primary purpose of being
served food or drink’ requirement unless the restaurant is separately incorporated.”

- Joel Roberson, Partner, Holland & Knight, DC

ZAZA INTERPRETATION:

The hotel entities don’t met that requirement. We may wish to have the BEVCOS apply for the grants.
Their purchases of liquor, beer, and wine would be covered by the grants. We will further explore,
judiciously on fee front, with H&K about labor costs, operating expenses and facility leases, all of

which are allocations, not cash outlays by the BEVCOS.

HO TEL ZAZA + ZAZA HO SPIT ALITY | 20 21 MARCH YTD 28