The INNsider UpdateSept. 30, 2010
Greetings!

This update addresses the potential neutrality and conflict issues that arise between receivers, lenders and special servicers during a hotel receivership. There are also tips for owners, investors and their advisors for opening restaurants in a bad economy and nightclub investments. I hope you find this useful.
Hotel Receiver and Lender in Hotel Receiverships
May Incur Liability
Couple at Resort There are two articles in the Summer 2010 issue of Receivership News that address conflicts and ethical and liability issues of court appointed receivers and those seeking to appoint them, such as lenders and special servicers. These issues are especially applicable to a hotel receiver and hotel receiverships since hotels are complex multi-million dollar assets and a combination of real estate, entities that own it, and operating businesses. Read on...
Writing a Business Plan to Open a Restaurant
In a Bad Economy
Host Writing Reservation During bad economic times, success with any new restaurant is often learned from those in our industry who failed. Your business plan to open a restaurant, especially multiple locations in a recession, should include avoiding these pitfalls so you do it right the first time. Read on...
Night Club Business
Investors Beware
Nightclub Scene The allure of investing in a sexy new nightclub business plan is ripe with failure if one approaches these high risk investments differently than others. Still, the attraction of high drink profit margins, long lines waiting to pay a cash cover charge and being a part of the newest hot spot in town makes nightclubs a worthy investment for even the most savvy of finance professionals if you know when, where and what to consider. Read on...
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Hotel & Restaurant Receiverships a viable option?
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About Us 
Founded in 1985, Perry Group International is a management, consulting and expert services firm for lodging, foodservice, resorts, gaming and clubs. Our firm does work across North America with underperforming and distressed hotels and restaurants as third-party asset managers and consultants for investors and owners and also as receivers and interim managers for lenders, financial institutions, operators and their legal and real estate professionals. We also provide expert testimony on a variety of hospitality industry and related issues.
 
Sincerely,
 

Dennis Gemberling, President
Perry Group International