News for the Hospitality Executive |
National Hospitality Holdings Completes Sixth
Troubled Asset Advisory Assignment
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NHH clientele included a pension fund advisory firm, two lenders, two high net worth value funds and a foreign investor group. The projects involved were a Caribbean development under construction; two existing urban hotels; a domestic, mixed-use resort development under construction; and an upscale portfolio of 16 domestic hotels, totaling 3,000 rooms. The assignments varied from internal opinions of value, strategic disposition options, interim management and a comprehensive due diligence underwriting. NHH, a diversified hospitality real estate and advisory platform, has quickly become the go-to company for advice on rapidly depleting, troubled hospitality assets. �John DePaul and his team provide an informed, professional assessment and will be on the ground, if needed, at the project site within hours,� said the senior director of a pension fund advisory firm that recently consulted with NHH. �We�re honored to have earned such a positive reputation in the elite pension fund advisory and lending community in three short years of forming our company,� said John J. DePaul, president and CEO of NHH. �We established a multi-tiered investment platform that can advise, manage or acquire hotels anywhere in the real estate cycle. Our focus has completely reset from re-entering the market as an active buyer last July with the purchase of two full-service, value-added investments to an all-out retooling to assist our clients in an unprecedented downturn. Having an uncomplicated partner/advisor in a complicated environment is our mission,� added DePaul. About National Hospitality Holdings
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Contact:
Laura Koster
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