News for the Hospitality Executive
National Hospitality Holdings Completes Sixth
Troubled Asset Advisory Assignment
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
|Also See:||NHH Hotels & Resorts Appoints Tom Spoto as General Manager of the Embassy Suites Hotel- Pittsburgh International Airport / October 2008|
|NHH Hotels & Resorts Appoints Ernest Catanzaro as General Manager of the Doubletree Hotel Atlanta-Roswell and Executive Vice President of Operations for NHH Portfolio / September 2008|
|National Hospitality Holdings Acquires Doubletree Hotel Atlanta/Roswell and Embassy Suites Pittsburgh-International Airport Hotel / July 2008|
|National Hospitality Holdings Appoints David A. Deskins as Vice President of Accounting & Financial Reporting / May 2008|
|National Hospitality Holdings and CMS Companies Form Joint Venture to Acquire Upscale to Luxury Hotels and Resorts; NHH's newest division will focus on opportunistic buying opportunities in hospitality / February 2008|