There are two articles published in the California Receivers Forum’s Summer 2010 issue of Receivership News that address conflicts and ethical and liability issues of court appointed receivers and those seeking to appoint them, such as lenders and special servicers. A copy of both articles is available through the link below. Neon Hotel SignThese issues…
Given that many California hotels are teetering on the brink of foreclosure, the Bay Area Chapter of the California Receivers Forum hosted its July 15, 2010 luncheon program on “Hotel Receiverships – Unique Issues for these Special Assets” at The City Club in the San Francisco Financial District. More than 60 persons heard the speaker…
The initial order that outlines many of the court appointed receiver duties normally includes certain aspects such as taking possession and operating the lodging property so that the receiver has broad authority to accomplish their task. However, it is also important to insert certain provisions into the court order so that the receiver is not…
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…
A panel comprised of an attorney, court appointed receiver and insurance broker will discuss the issues involving selling properties and businesses during a receivership. This is the first Fall 2011 program for the Bay Area Chapter of the California Receivers Forum. A summary of the event is as follows: Receivership Sales Panelists Shawn Christianson, Esq.,…
Recent news suggests that a rise in foreclosures and the hotel receiverships as a result of these actions could jump next year. Banks and lenders have been able to extend loans in the last 12 to 24 months that will now come due. However, the volume of loans due is expected to rise in 2012.…
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…
Upcoming signs for the 2011 lodging real estate sector in several publications we follow as hospitality consulting advisers suggest a turnaround, albeit slow one, appears in order. Here’s a recap of the key articles about what lies ahead: – Investments 2011As reported in Arizona Business & Money on January 24th”A new survey from the National…
There has been a consensus among many of us that the use of a court appointed hotel receiver would rise significantly given the anticipated tsunami of defaults and foreclosures in the commercial real estate sector. However, this thinking started almost two years ago by our estimates and we have yet to see the proportion of…
Several articles appeared this week in publications that we follow as part of our hospitality consulting to advise clients as their management experts suggesting more good and bad news still exists. Of interest this week are that room values and extended-stay lodging have both increased substantially in recent months. However and during the same period,…