Scope of Work:
Hotel Property Sale and Bankruptcy Case – Hotel Real estate brokerage and Liquidating Agent bankruptcy assignment for the Lighthouse Lodge and Suites, Pacific Grove, CA
Description of Project:
Anthony Dimond a Hotel Consultant and lead Property Management expert with HTL Hospitality Advisors was appointed as the Liquidating Agent for the bankrupt estate by the U.S. Bankruptcy Court Northern District San Jose Division (Case NO. 09-52610 SLJ). The assignment consisted to prioritizing and paying creditors as well as selling the 104-room, upscale, boutique, hotel located on the Monterey Peninsula in Northern California. HTL Hospitality Advisors was retained to manage and renovate the property during the bankruptcy proceedings. During its management tenure, the average daily room rate was increased over 40% and occupancy increased more than 10%.