Lighthouse Lodge & Cottages – Pacific Grove, CA
The Company served as the bankruptcy court’s liquidating agent and transaction advisor 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 group under a long term management contract. In addition to property management responsibilities, HTL coordinated a renovation of the hotel and increased the average daily room rate over 30% during the first year after the remodeling work was completed. HTL was also responsible for the disposition of the asset after stabilizing the hotel operations.
Candlewood Suites – Nederland, Texas
The Property owner retained HTL Hospitality Advisors to take over the operations of this three-story, 65-suite, extended stay, hotel in order to improve revenue and overall profitability. Once the property operations were stabilized by the Company and profitability was substantially improved, the capital markets team of HTL was retained and completed a sale the asset.
Best Western Joshua Tree Hotel & Suites – Yucca Valley, CA
This Hotel located near the scenic area of Joshua Tree National Park was developed by principals of HTL Hospitality Advisors. Opened in 2009, this award winning, focused service, 95-room Property has 69 standard guestrooms and 26 extended stay units. HTL also provided all pre-opening management services including retention and training of all staff members, development of sales and marketing plans and implementation revenue management strategies. The Company was retained to operate the Hotel under a long-term management contract. The HTL capital markets group sold asset for the owner and secured financing for the purchasing entity.
Hampton Inn – Richardson/Dallas, Texas
(Currently: Wingate Inn by Wyndham)
The Company was responsible for operating this four-story, 127 room property located in the Dallas metro-area telecom corridor. We reversed the trend of continued losses in room sales and profitability without making any renovation expenditures. Our company increased revenue almost 40% during the first three years of operation and improved profitability several hundred thousand dollars per annum. The management contract was terminated upon sale of the asset by the capital markets team of HTL.
Crowne Plaza Hotel & Water Park – Cincinnati, Ohio
HTL Hospitality Advisors 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 Hospitality Advisors 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
(Currently: Great Wolf Lodge & Water Park)
HTL Hospitality Advisors 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 10,500 square feet. The Hospitality Management assignment also included operation of the Coco Palms, 100,000 square foot indoor water park.
Hotel Pacific – Monterey, California
The Company was retained to manage this very upscale, 104–unit, boutique hotel with large rooms including sitting room parlors with wet bars. It is located in historic, downtown, Monterey, CA near the world famous Monterey Bay Wharf area, numerous upscale boutique retail shops and a variety of dining facilities. The Monterey Conference Center is situated directly across the street and the Hotel also has on-site meeting facilities.
Radisson Hotel Conference Center & Water Park – Albuquerque, New Mexico
(Currently: Wyndham Hotel and Conference Center & Water Park)
HTL was retained to operate this 300-room, full service, Radisson Hotel with a fine dining restaurant, separate lounge and 27,000 square feet of meeting space including a 6,950-square foot ballroom. In conjunction with the Hotel, HTL also operated the adjacent Coco Palms indoor 100,000 square foot water park with separate dining, function and arcade facilities.
Travelodge Logan – Logan, Utah
This Property is a 65-room, limited service hotel located in downtown Logan, Utah. HTL Hospitality Advisors served as the court appointed receiver and was the property management company through the date of the foreclosure and subsequently retained by the new ownership group. We coordinated a full property renovation including all guestrooms and the public areas and secured a Travelodge franchise on behalf of the new ownership group.
Days Inn Airport – Atlanta, Georgia
A 200-room, full service hotel situated only a short drive from Hartsfield-Jackson Atlanta International Airport. HTL Hospitality Advisors was selected by the owner to manage the property upon acquisition. HTL improved operating profits, leased the restaurant and lounge and formulated a renovation and repositioning plan for the asset which was used by ownership to sell the asset. The restaurant and lounge were part of a free-standing building that was leased.
Comfort Inn – Terrell, Texas
(Currently: Quality Inn & Suites)
HTL was retained by the owner to manage this 50-key, two-story asset originally constructed in 2000. We sharply increased revenues during the first few months of operation by implementing an aggressive revenue management program, hired and trained many new staff members and transitioned the asset to management by owner.
Comfort Inn South – San Francisco Airport
HTL was selected by the new owners during the economic downturn to operate this under-performing, four story, 110 room, Comfort Inn . HTL quickly stabilized the operations of the asset by hiring and training a new property level management team which developed and implemented a new sales program that increased revenues and improved profits. The HTL Capital Markets team represented both the owner and the buyer in the sale of the asset. Management was transitioned to the buyer upon sale.
Holiday Inn & Suites - San Mateo
Upon acquisition by the new owners, HTL was selected to operate this 130 room, four story, interior corridor, property. The facility included a breakfast room, indoor pool, and fitness room. We implemented a new accounting system as well as various target oriented, sales and marketing programs. New senior staff was put in place and all hotel staff was re-trained. Management was terminated when the HTL Capital Markets group represented the owner and the buyer in the sale of the asset.