The INNsider Update©Feb. 29, 2012
Greetings!

Franchise PIP challenges and independent restaurants hit hardest during the recession are two topics in this update. There are also predictions by hotel advisors on the potential of more sales by lenders. I hope you find it useful.
Hotel and Motel Management Companies
Face Franchise Challenges
As the lodging industry starts to stabilize, hotel and motel management companies will face tougher performance measures if the properties they manage lose the franchise. Owners of older hotels and motels that have not kept their up property with a PIP (Property Improvement Plan) can expect less leniency and more aggressive contract terminations as a result. In turn, third party operators of these lodging properties will have to get creative if the hotel or motel loses its flag and goes independent. Read On...
Foodservice Consultants Latest Research Says
Independents Hit Hardest

Foodservice consultants say independent restaurants have lost the largest amount of customer traffic since the recession began five years ago according to a recent study. This is in contrast to how chain operators and branded restaurants have weathered the economic downturn, which appears to be much better based on the research.

Read On...
Hotel Investment Advisors Outlook
On Transactions Coming Clean By 13
Several hotel investment advisors and hotel investor groups are predicting that real estate transaction volume in the hospitality sector will rise although slowly. Many believe that the combination of improving industry fundamentals and the lack of new development can only add to the motivation to sell. As to lenders holding distressed hotel assets and wanting to clean their balance sheets by 2013, there are more reasons to move their inventory to market now. Read on...
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Mark Your Calender for these Upcoming Events:

 

San Francisco 

February 29, 2012

The Bay Area and Sacramento Chapters of the California Receivers Forum present "2012 Nor Cal Commercial Real Estate Forecast for the Office, Industrial, Hotel and Agriculture sectors"

More Info Here

 

Las Vegas

March 12-14, 2012

"Nightclub & Bar Convention and Trade Show" 

More Info Here

 

Rancho Mirage

May 18-20, 2012

The California Bankruptcy Forum presents "24th Annual Insolvency Conference" 

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, bar 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 (800) 580-3950 ext. 1.

 

Sincerely,
 

Dennis Gemberling, President
Perry Group International