The INNsider UpdateNov. 1, 2010
Greetings!

This update includes an overview of the distress hotel real estate opportunities for investors going into 2011 and recent CMBS and lender activity related to the use of receivership as an alternative loan recovery remedy. There is also commentary for owners and operators concerning restaurant turnarounds and the impact of labor costs. I hope you it find it useful.
More Distress Real Estate for Investors
And their Hotel Investment Advisors?
Real Estate Paper

There were three important articles recently that suggest the long awaited distressed hotel deals for investors and their hotel investment advisors may or may not begin to increase in 2011 going forward based on your interpretation of the message.  However, an important inference amongst all are that a large amount of distressed commercial real estate loans have yet to be fully dealt with either by the banks or the FDIC. The portions that I believe are important and could affect whether this often talked about distressed commercial real estate tsunami starts or not include

Read on...
CMBS Bad Loans not spiking Court Receiver
Or Hotel Receivership Rise
Hotel Resort Setting In a recent Lender News published by Atlas Hospitality, the delinquency of Commercial Mortgage Backed Securities (CMBS) loans rose again in August. Hotels are hurt the worst with the highest delinquency at 15.5%. However, it has not triggered any increased use of a court receiver and hotel receivership as an alternative remedy to other dispositions such as auctions, says this hospitality asset manager and hotel receiver. Read on...
Manpower is Most Watched of MMMMs
by Restaurant Turnaround Consultant
Dining Room Table Setting

Watching and adjusting manpower levels is probably the most important M that a restaurant turnaround consultant will evaluate. It can adversely affect your existing money and marketing significantly. However, many independent restaurant operators and those who lack prior restaurant management training will often overlook this key cost within a food service operation. 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
Ph: 1-415-434-0135