The INNsider Update©Oct. 15, 2011
Greetings!

This update talks about lender attitudes on distressed hotels and maximizing the use of restaurant space and real estate. There is also a hotel advisory on projected revenues over the holidays and the fourth quarter. I hope you find it useful.
Hotel Receivership Services Not Supported
By Lender Survey Yet!
Lenders Eye Glasses The need for hotel receivership services prior to or in lieu of foreclosure does not appear to be on the minds and actions supported by lenders surveyed about their non-performing lodging loans and hotels currently in default. In fact, over 70% of these distressed hotels are in some type of workout. Read On...
Restaurant Turnaround Consultant Tips
On Co-Branding and Real Estate
Restaurant Two Level BuildingIn the late 1990's, one strategy by a restaurant turnaround consultant was to maximize the ROI on leased and owned space. This is typically accomplished where a leased space can be used to house two distinct but complimentary brands, such as pairing a KFC (Chicken) store with a Taco Bell (Mexican). The other is to sell the existing real estate owned and lease back the premises at a lower cost that is spread out over 20 to 30 years. Read On...
Hotel Advisor Update on 2011 Holiday
Lodging Performance and More

This week the focus of our hotel advisor update is on the projections for overnight lodging revenues for the upcoming holidays and the remainder of the 2011 year. In addition, we want to call attention to recent statistics that still point to a recovery in the hotel sector, albeit to be tempered with caution in our opinion.

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

 

San Francisco

December 13, 2011

"Bar Association of San Francisco and the Northern California Receivers Forum invite you to attend their Commercial Law and Bankruptcy Annual Holiday Party" 

More Info Here

 

Los Angeles 

November 17, 2011

"Special Assets Management Association Regulatory Update Program and Luncheon

More Info Here 

 

Houston 

February 8-10, 2012

"10th Annual Hospitality Law Conference Focusing On Legal, Safety & Security Solutions" 

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