The INNsider Update©Sep. 15, 2011
Greetings!

This update talks about receivership sales and two recent court decisions. There is also commentary about whether hotels are actually on the rebound in some parts of the USA and proving restaurant damages in certain cases. I hope you find it useful.
Are Receivership Sales as Alternatives
To Foreclosure Another Option?
Alternatives to ForeclosureAlternatives to foreclosure, such as a sale during a receivership, are one option that banks, creditors and lenders may pursue in order to avoid the associated costs, disposition delays and potential devaluation of an asset. In particular, non-performing lodging loans and hotels in default may be a prime choice by financial institutions for these reasons.
Read On...
Hospitality Consulting Advice that Hotels Up
Skewed by Top 25 Cities
Hospitality ConsultingMany hospitality consulting experts and industry analysts have been touting the recent rise in hotel fundamentals such as demand, occupancy and ADR (average daily room rates). However, this article in a major online trade publication says it isn't so rosy given that the stats are significantly impacted by the top twenty-five markets in the USA, such as New York. Read On...
Restaurant Expert Witness Challenges
Proving Damages
Getting a restaurant expert witness to prove damages in a litigation case can be tricky for some lawyers. One of the challenges is your client, who may be the restaurant owner and/or operator, may often assume way more than are ordinary and reasonable losses. Added to this challenge is if the income loss evolves around competition having a similar but not exact replication and when its food and beverage operation was impacted. Read on...
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Mark Your Calender for these Upcoming Events:

 

Phoenix

September 20-23, 2011

"The Lodging Conference at the Arizona Biltmore Resort & Spa" 

More Info Here 

 

San Francisco

September 22, 2011

"California Receivers Forum, Bay Area Chapter presents Receivership Sales" 

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