Hayes Mansion & Conference Center – San Jose, CA
HTL Hospitality Advisors have acted as asset managers for the 214-room Hayes Mansion Hotel & Spa since December 2004 for the City of San Jose. The Property is operated by Dolce Hotels and Resorts. As part of our role as asset manager, we have performed an analysis of potential alternative uses of the property, including an extensive analysis of its potential as a senior assisted living facility. We have also forecasted future San Jose Citywide Transient Occupancy Taxes and assisted with the expansion of the Convention Center.
Lighthouse Lodge & Cottages – Pacific Grove, CA
The Company served as the bankruptcy court’s liquidating agent for this 95-room, upscale, boutique lodge and suites with a full liquor license located one block from the Pacific Ocean on the Monterey Peninsula. HTL was the management company during the foreclosure period and was retained after the foreclosure by the new ownership. In addition to property management responsibilities, HTL coordinated a renovation of the hotel and increased the average daily room rate over 30% the first year after the work was completed.
Days Inn Atlanta Airport – Forest Park, Georgia
A 200-room, full service hotel situated only a short drive from Hartsfield-Jackson Atlanta International Airport. HTL Management was selected by the owner to manage the property upon acquisition. The restaurant and lounge were part of a free-standing building that was under lease.
Travelodge Logan – Logan, Utah
A 65-room, limited service hotel located in downtown Logan, Utah. HTL Hospitality Advisors served as the court appointed receiver through the date of the foreclosure. HTL managed the property both prior to and subsequent to foreclosure. HTL coordinated a full property renovation and secured a Travelodge franchise on behalf of the owner.
Crowne Plaza Hotel & Water Park – Cincinnati, Ohio
HTL completed a Hotel Management assignment of a 257-room, full service hotel with 15,000 square feet of meeting space and a 100,000 square foot indoor water park. In addition to management of the hotel, HTL Management was responsible for arranging FF&E financing of $2.2 million and completing a Product Improvement Plan renovation required by InterContinental Hotel Group.
Holiday Inn Hotel & Water Park – Fitchburg, Massachusetts
HTL Hotel Management was responsible for arranging a $1.8 million renovation loan and converting the 235-room former Courtyard by Marriott into a full service Holiday Inn. The property has meeting space of approximately 71,000 square feet. The Hospitality Management assignment also included operation of the 100,000 square foot indoor water park.