News for the Hospitality Executive
Leisure Hotels Expands Receivership
for Distressed Hotel Assets
A One-Stop Resource with a 20-Year
Track Record of Stabilizing and
Operating Troubled Assets
|LEAWOOD, KS (April 08, 2009) – Leisure
Hotel Corporation and Leisure Real Estate Advisors, part of the Leisure
Group of Companies, is expanding its full range of services for Distressed
Hotel Assets. Leisure’s unique one-stop Hotel Receivership Services – established
with a 20-year proven track record of managing and brokering distressed
hotels, resorts and condos – stabilizes troubled assets and operates them
in a smooth and cost-effective manner, especially during the critical receivership/transition
phase. Many hotel owners have unfortunately become over-leveraged with
debt and are now faced with declining revenues and repayment due dates.
Leisure’s experience and expertise assists hotel owners, lender and legal
representatives during these difficult times.
“Leisure got its start in the late 1980’s working with the RTC (Resolution Trust Commission) on distressed hotel assets, and in today’s difficult economic times, we’ve found that many hotel owners, lenders and legal representatives need these services again,” said Steve Olson, president and CEO of Leisure Group of Companies. “Our team has worked in many types of market conditions and situations, and has the experience and expertise to implement the best hotel management solution for each distressed asset.”
Olson pointed to Leisure’s nationally ranked brokerage service, Leisure Real Estate Advisors, a full service brokerage company with extensive experience selling specific assets. It was featured in the 2008 Hotel Business 10th Anniversary Green Book as one of the nation’s top hotel brokerage firms. In the same report, the company garnered additional recognition when Leisure Hotels was ranked 64th in the nation among independent, third-party management companies.
Leisure’s Hotel Receivership Services offers a complete platform of hotel management solutions under the umbrella of a leading multi-faceted, full service hotel company. For example, Leisure Hotels operates numerous well-known franchise branded hotels and has solid relationships with Intercontinental Hotels Group (IHG), Hilton, Hyatt and Choice Hotels, and a number of independent hotels and resorts.
Highlights of Hotel Receivership Services include: