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…
The cost of hotel receivership services is often a critical issue when a lender, special servicer or their legal counsel is considering a court appointed hotel receiver and interim hotel management for a pending action. As part of the initial request, it is important for the party moving to appoint someone to understand the nature…
Earlier this year I attended a hotel valuation workshop to better understand in part what affect today’s investment and lending market will have on hotel real estate values and subsequent sales by a court appointed receiver in hotel receiverships. Put on by The Appraisal Institute of Northern California, the issues focused on how the valuation…
After writing about mixed messages that investors received on the lodging industry recently, hotel special servicers may be in store for more troubled loan workouts and defaults as well. Lenders and senior business executives do not seem very optimistic this last quarter based on two recent news reports. According to the survey in the ABF Journal,…
In the recent October 2010 Lender News published by Atlas Hospitality, the delinquency of Commercial Mortgage Backed Securities (CMBS) loans rose again in August. Hotels are hurt the worst with the highest delinquency at 15.5%. However, it has not triggered any increased use of a court receiver and hotel receivership as an alternative remedy to…
There were three important articles recently that suggest the long awaited distressed hotel deals for investors and their hotel investment advisors may or may not begin to increase in 2011 going forward based on your interpretation of the message. However, an important inference amongst all are that a large amount of distressed commercial real estate…
There is a lot of talk among investors and their hotel asset manager that acquisitions in distressed real estate of the U.S. hotel sector will rise this year. Still, the focus continues to be on the luxury, trophy class of hotels in primary markets when and where these become available. Hotel High Net Worth InvestorAccording…
The Bay Area Chapter of the California Receivers Forum is holding a program on current trends in receivership with a distinguished panel that includes a Lender, Court Receiver and Attorney. The event will be held in San Francisco. Here are the details of the meeting and program content: Receiverships Current Trends in Receiverships What to…
Are you a bank or lender looking for ideas and information on foreclosure alternatives for your workout and special assets department? Mark your calendar for this Special Assets Management Association (SAMA) event on December 8, 2011 in San Francisco to learn more… Attorney Richard Rogan, a Partner with Jeffer, Mangels, Butler & Mitchell LLP, and…
Several stories this past week that we followed as part of ourHotel Real Estate Investment hospitality consulting focused on hotel budget brands in China, government loans for smaller hotels and the average hotel real estate room sale price in 2010. Here is some of that commentary and our take on it: China is still the…