News for the Hospitality Executive
Denton Hospitality Appointed Receiver for the
Shore Stay Suites Hotel in Cape Charles, Virginia
29, 2009 - On November 25, 2009, the recently formed hotel management and
consulting company Denton Hospitality (www.dentonhospitality.com), was
appointed Receiver for the financially challenged Shore Stay Suites hotel
on Virginia’s Eastern Shore (26406 Lankford Hwy, Cape Charles, Virginia).
Denton Hospitality will manage the hotel property through the foreclosure
transition and will continue its management on behalf of the lender until
a viable buyer is identified.
Edward Denton, President of Denton Hospitality, noted, "Unfortunately, there are hotels across the country that are insolvent (or on the brink of insolvency) that need professional, creative, efficient management. The economic situation only compounds the challenges of an already highly competitive industry - it truly is survival of the fittest. We created Denton Hospitality specifically to help investors and lenders realize the potential of their property."
Tasked with managing day-to-day operations and enhancing the property’s value, Denton Hospitality will implement improved operating procedures and marketing initiatives in order to maximize revenues for the struggling property that brought casually elegant and affordable lodging to the Cape Charles area.
The 20-unit Shore Stay Suites (www.easternshorehotel.com) is an all-suite hotel providing ideal lodging for weekend getaways, seasonal vacations, hunting and fishing excursions along Virginia’s Eastern Shore. Located on Route 13 in the Cape Center area, Shore Stay Suites is just north of the popular StingRay's Restaurant. The property features beautifully appointed and spacious suites, an inviting front porch with Adirondack chairs and plenty of parking. Suites feature ceramic tile baths, full kitchens with full sized appliances, and laundry facilities. Parking for boats and RV vehicles is available to guests free of charge.
Denton Hospitality manages lodging properties and provides consultancy services to owners, investors and financial institutions. The leadership team at Denton Hospitality has extensive experience in all aspects of lodging management, including various brands and geographic markets. The company’s consulting services include market analysis, on-site property reviews, and green marketing related services.
|Also See:||Foreclosure Looms for the Hotel Ivy, Minneapolis; A Spectacular Come-down for the 2-year Old $88 million Project / December 2009|
|Ashford Hospitality and Special Servicer Mutually Agree to Transfer the 772-room Hyatt Regency Dearborn to Receivership / December 2009|