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National Hospitality Holdings LLC Successfully Completes $1.4 billion,
32 Hotel Advisory and Asset Management Assignment

NHH remains the preferred advisor, asset manager and management company of choice

 
PHILADELPHIA – (May 5, 2010) – National Hospitality Holdings LLC (NHH), a diversified, fully integrated, hospitality investment platform, has successfully completed a three-and-a-half-year, $1.4-billion advisory and asset management assignment.     

In its capacity as advisor and asset manager, NHH performed debt and equity analysis, monthly asset management duties and strategic customized disposition options on 32 domestic U.S.-based hotels with 9,633 rooms.    

“NHH improved reporting, opened lines of communication between owner and manager and aligned interests of both manager and owner in these tumultuous times,” said John J. DePaul, President and CEO.  “Not a month passed that we were not having discussions weekly, sometimes daily, on how to best weather the downturn,” added DePaul.

NHH automated reporting established additional industry benchmarking and maintained an open relationship with the equity partner and the operator, always looking for ways to increase revenue and curtail unnecessary spending.  During the course of the assignment, NHH advised on the successful disposition of nine hotels.   

For the past four years, NHH has represented equity partners, banks, pension funds, pension fund advisory firms, servicing companies and city agencies on the state of the hotel industry.  Opinions of value, REO management, consultancy and strategic alternatives and holds have been the company’s focus. “All we do is hospitality,” added DePaul.  “A focused, customized, action-oriented approach is our specialty.”

ABOUT NATIONAL HOSPITALITY HOLDINGS LLC
National Hospitality Holdings LLC (www.nhhllc.com) is a diversified, fully-integrated hospitality investment platform.  With an emphasis on upper-upscale hotels, NHH invests equity, asset manages and provides institutional advisory services with $4.7 billion dollars worth of projects serviced over the past three and half years.   An affiliate of NHH, NHH Hotels & Resorts provides institutional grade third party property management.  NHH is a proud member of PREA and AH&LA. 

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Contact: 

David Culver
610-254-7426 or 
dculver@btcmarketing.com
 

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Also See: NHH Hotels & Resorts to Manage the Luxurious Highmark Ski Resort in Steamboat Springs, CO; Growing hotel management company also launches NHHhotels.com for its services /January 2010
NHH Hotels & Resorts Introduces Café Zest; A brand new restaurant concept redefines hotel dining at two exceptional properties / October 2009
NHH Hotels & Resorts Announces Completion of $8 Million Renovation at Embassy Suites Pittsburgh-International / September 2009
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