The INNsider Update©May 16, 2011
Greetings!

Prices at hotels and restaurants are the major topics in this May update. In addition, the 23rd Insolvency Conference will feature a robust program about Receiverships in Squaw Valley (see link below). I hope you it find it useful.
Hospitality Asset Manager Insights
On Rising Lodging Rates
Hotel Resort Setting

Two news stories that we followed as part of our hospitality asset manager practice suggest hotel room rates will continue to rise even though gas and fuel prices are climbing as well. Here are a few excerpts on that commentary and our take on it:

Read On...
Restaurant Turnaround Begs Question:
Raise Prices??
Restaurant Waiter Serving There were two contrasting stories that talk about whether raising prices is a good idea especially if you are a restaurant turnaround consultant. Of course, if you are charged with helping a failing restaurant regain lost market share, the first thought is to increase customers by way of lower priced promotions, specials and so on. However, given the state of worldwide food costs on the rise, particularly in the last two years, can this offset of higher sales supersede the higher expense? Read On...
Banks needing a California Hotel Receiver should not miss this event!

If you are a lender, creditor or attorney representing one and are seeking to appoint a California hotel receiver as part of a pending foreclosure, learn more about the in and outs of receiverships at this event in Squaw Valley near Lake Tahoe on May 21, 2011. Chaired by Bruce Cornelius, who is an experienced attorney and past president and a current board director of the Bay Area Chapter of the California Receivers Forum, this program will be part of the 23rd Insolvency Conference hosted by the California Bankruptcy Forum.

Read on...
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Mark Your Calendar for these Upcoming Events:

 

Lake Tahoe

May 20-22, 2011

"23rd Annual Insolvency Conference at Squaw Valley" presented by California Bankruptcy Forum

More Info Here 

 

Houston

August 25-28, 2011

"Global Congress on Legal, Safety, and Security Solutions in Travel" presented by HospitalityLawyer.com

More Info Here
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, foodservice and nightclub 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