Lighthouse Lodge & Cottages, Pacific Grove, CA
HTL controlled the 95-unit, upscale, boutique hotel asset as the bankruptcy court appointed Liquidating Agent. Our Capital Markets Team completed a 363 asset sale of the asset and was retained by the buyer as the property management company. A partial renovation of the Hotel was completed by HTL. Revenues and profitability were substantially improved primarily though ADR increases and cost control implementation. Our Capital Markets Team again sold the asset on behalf of the new owners.