The INNsider UpdateOct. 18, 2010
Greetings!

This update includes an overview of receivership and turnaround roles by those seeking this alternative for a troubled restaurant. There is also an article about recent distressed lodging acquisition and disposition activity by real estate investors and lenders and some tips to avoid premises liability when operating a nightclub. I hope you find this useful.
Court Appointed Receivers
Often Restaurant Turnaround Consultant Too
Wine Glass in Dining Room

Restaurants and bars that are in default on their bank loans, not paying their investors or have business partner disputes, often require a neutral party to be brought in to preserve the assets and improve the income, such as court appointed receivers or a restaurant turnaround consultant. Like hotel receivership services and hotel turnaround services, restaurants are labor and revenue transaction intensive and need experienced and competent management and trustworthy employees to succeed. Read on...

REITs, Banks, Auctions
Slow Lodging Distress
Hotel Building

Several articles published recently highlight the movement of distressed hotel real estate and what could accelerate hospitality sector investment according to Perry Group's Hotel Asset Manager and Hospitality Asset Management specialist. This is being defined by major potential sources of hotel acquisitions and dispositions including Real Estate Investment Trusts (REITs), Banks non-performing loans and hotel sales through an Auction.

Read on...
Tips from a Night Club Consultant to Minimize
Violence in Bars
Nightclub Dancing Over the years, if anything the O. J. Simpson trial, 9/11, and shootings by certain High-Profile Sports figures in nightclubs has brought about, is a greater awareness of the legal process and the potential for violent and unpredictable situations. Media broadcasts also fuel the general public's perception that personal harm can occur anywhere. Read on...
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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, operators and their legal and real estate professionals. We also provide expert testimony on a various hospitality industry and related issues.

Sincerely,
 

Dennis Gemberling, President
Perry Group International