Founded Amidst 1980's Recession to help Banks, Investors and Owners - Perry Group Now Celebrates 25th year!
During current economic recession, small firm continues its roots |
SAN FRANCISCO, CA - December 8, 2010 - Founded during what many considered back in the 1980's to be the worst economic recession in America since the Great Depression, Perry Group International enters its 25th year in what is now heralded to be the largest economic decline since the 1930's.
 "It is a bit of d�j� vu that our first two contracts were a hotel receivership and a troubled restaurant bank loan workout, followed by turnaround work with the FSLIC, FDIC and commercial lenders... only to get similar calls today, says Perry Group founder and president, Dennis Gemberling." Later in the 1990's, the firm evolved from doing long term engagements to short term, interim management and troubleshooting for investors and owners and also developed a niche expert witness practice in litigation and bankruptcy. The firm's focus today in 2010 as in the beginning is still working with troubled hospitality sector businesses nationwide. "Asked what one decision helped Perry Group last... Simple, keep your same telephone number, according to Gemberling. I still get people calling me who have my contact information from twenty-five years ago!" |
Founded in 1985, Perry Group International is a San Francisco based management, consulting and expert services firm for lodging, foodservice, resorts, gaming and clubs. We work across North America as third-party asset managers and consultants for investors and owners and as receivers and interim managers for lenders and financial institutions of underperforming and distressed hotels and restaurants. The firm also provides litigation support and expert testimony on a variety of hotel and restaurant issues. For more information, visit www.perrygroup.com or contact [email protected].
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