A Free, Practical Guide for Hotel Lenders,
Hotel Owners and Hotel Investors
May 12, 2010 - LOS ANGELES - The Global Hospitality Group®
of Jeffer Mangels Butler & Marmaro LLP (JMBM) is pleased to announce
the publication of a new hospitality industry resource: The Lenders Handbook
for Troubled Hotels: Essentials and Advanced Techniques - A Practical Guide.
The book -- which JMBM is currently making available at no charge -- is
written by veteran hotel lawyer Jim Butler and members of JMBM's Global
First released to 300 attendees at the 20th annual Meet the Money®
conference on May 4, 2010, the 98-page book gives lenders, owners and investors
the information they need to make strategic decisions in the high stakes
world of troubled hotel loans. Butler and his co-authors provide an insightful
perspective that allows all players to see how they can maximize value
while making tough decisions.
Now available for free download on the Hotel Law Blog, The Lenders Handbook
for Troubled Hotels is packed with useful information that includes:
Why hotels are so different than other troubled assets;
What alternative strategies are available for dealing with troubled hotels;
Analytical tools that will help lenders, owners and investors identify,
evaluate and select from a full range of options;
How the hotel operating business is critical to the value of the asset
and its recovery;
Why failure to recognize certain crucial decision points can give away
more than half the value of a hotel;
The importance of the Hotel Franchise and Management Agreement -- how keeping
or getting rid of a brand or operator can be one of the biggest factors
in hotel asset value.
The book also includes two innovative, proprietary approaches that hotel
lawyers in JMBM's Global Hospitality Group® have developed to enhance
value in troubled hotels:
While this offer lasts, you can download a free copy of
The SAVE® program (Strategies and Approaches for Value Enhancement)
The Enhanced Note Sale™
The Lenders Handbook for Troubled Hotels by clicking
Copyright notice: Although the download is free, "The Lenders
Handbook for Troubled Hotels" is copyrighted and all rights are reserved.
It may not be reproduced in whole or in part without written permission
of JMBM's Global Hospitality Group®. If your colleagues would like
a copy of the book, we ask only that they download their own copy.
About the Author
Hotel lawyer Jim Butler is the Chairman of JMBM's Global Hospitality
Group®, a founding partner of Jeffer Mangels Butler & Marmaro LLP,
the author and publisher of the Hotel Law Blog, and the Conference Chairman
of Meet the Money®. He has been quoted as an expert on hospitality
issues in The New York Times, The Wall Street Journal, Los Angeles Times,
Forbes, BusinessWeek, Hotel Business, and other publications.
About JMBM's Global Hospitality Group
JMBM's Global Hospitality Group® is a team of 50 seasoned professionals
with more than $60 billion of hotel transactional experience, involving
more than 1,000 properties located around the globe. Its team of troubled
loan veterans have dealt with more than 1,000 receiverships, bankruptcies
and workouts over the years and includes handling some of the biggest real
estate, timeshare and hotel assets for banks and the U.S. Government (both
the FDIC and the RTC in the last great meltdown). Their experience includes
all aspects of troubled hotel loans including hotel bankruptcy, hotel mortgage
default, hotel receivership, and working with the special servicer. For
more information go to www.JMBM.com.