The INNsider UpdateNov. 15, 2010
Greetings!

This update talks about the value and timing considerations that a lender might consider for a hotel sale during a receivership. There is also a discussion on management issues from a restaurant turnaround perspective and some positive economic news on the lodging and travel front. I hope you it find it useful.
Hotel Value Volatile Issue for Lender,
Court Appointed Receiver Sale
Waterfront Hotel at Night Earlier this year I attended a hotel valuation workshop to better understand in part what affect today's investment and lending market will have on hotel real estate values and subsequent sales by a court appointed receiver in hotel receiverships. Put on by The Appraisal Institute of Northern California, the issues focused on how the valuation process without adequate comparisons in past downturns must now take into consideration the lack of capital and drops in income unprecedented for the last twenty to thirty years since the mid-eighties. Read on...
Is 4th of Marketing, Money, Manpower, Mgmt
A Bad Fish?
Fish Plate

There is an old adage in the food service business says many a restaurant turnaround consultant that the way to tell "if a fish is going bad is if it stinks at the head first!" Using the analogy that your failing restaurant is like a bad fish, the problems often start at the head of operations or management. Read on...

Hospitality Consulting Update
As of October 31, 2010
Dollar Signs Several important articles appeared recently in publications that we follow as part of our hospitality consulting updates to advise clients as their management experts. Of particular interest are the announcements by Expedia, Wyndham Hotels and Resorts and Travel Week on the domestic and international travel front. The other two are from Jones Lang LaSalle and Marriott on commercial real estate gains and projected investor returns. 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 variety of hospitality industry and related issues.
 
If you wish to discuss an immediate matter, I can be reached for a confidential review via e-mail at dpg@perrygroup.com or call me at 1 (415) 434-0135.

Sincerely,
 

Dennis Gemberling, President
Perry Group International