News for the Hospitality Executive |
Leisure Hotels Expands Receivership
Services
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:
About
Leisure Hotels
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Leisure Group of Companies
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