Yatish is a Hospitality Broker in Southern California. He holds a Bachelor of Science degree in Hotel Administration from the University of Nevada Las Vegas and a Master’s Degree in Real Estate Development from the University of Southern California.
Jun
02

Veno Nathraj Southern California Hotel Broker - Escrow Closed

Scope of Work:

Success close of escrow – Best Western  – Yucca Valley, California

Description of Project:

Veno Nathraj, a Hotel Broker with HTL Hospitality Advisors, is pleased to announce the recent sale of the Best Western Joshua Tree in Yucca Valley, California. HTL represented the seller, Kush Hotels, LLC in the transaction, which saw the 94-unit property close on June 1st 2015. The buyer of the property was 1031 exchange buyer from Texas. The hotel was in very good condition and was to retain the Best Western brand. The property traded at a 4.6 times room revenue on a 6.75% Cap Rate.  

Project Status:

Property was acquired by an investment group. For additional information please contact Veno Nathraj at 909-215-6447 or via email at .

Continue reading
May
20

Hospitality Management Radisson Hotel & Water Park - Receivership

Scope of Work:

Receivership Case – District Court of Bernalillo County, NM:  Radisson Hotel & Water Park - Albuquerque receivership and foreclosure.

Description of Project:

Joel Hiser a Hospitality Broker of HTL Hospitality Advisors was appointed by the court as receiver (Case No. CV 2011-02233) for the 280 room, full service hotel with 30,000 square feet of meeting space, restaurant, lounge and 100,000 square foot indoor waterpark.  HTL Hotel Advisors, an affiliate of HTL Hospitality Advisors, was retained by the receivership estate to manage the property through the foreclosure date.  The case required the receiver to qualify for a liquor license with the state of NM and to negotiate an interim, Radisson franchise extension agreement and later a new Park Inn franchise agreement.  The management company substantially increased revenue, reduced operating losses and successfully negotiated a fire sprinkler system dispute with the City.

Project Status:

For additional information please contact Joel Hiser at 415-925-8800  or via email at .

Continue reading
May
10

Receivership Property Management - Los Angeles Superior Court

Scope of Work:

Receivership and Bankruptcy Case – Superior Court shopping center receivership case converted to bankruptcy case.

Description of Project:

Joel Hiser on behalf of HTL Hospitality Advisors was originally appointed as receiver by the Los Angeles Superior Court BC 438638 and retained by the U.S. Bankruptcy Court – Central District of California Case No.: 1:10-bk-21696-GM to oversee the estate throughout the case.  Mr. Hiser managed the business of SE10W&L, LLC which owned a two year old, 28,808 square foot, shopping center consisting of two multi-tenant retail/office buildings and a ground leased Carl’s Jr. Restaurant.   A Panda Express Restaurant which had purchased an adjacent development pad from the Debtor also paid CAM charges to the estate.  In addition to day to day management of the center, Mr. Hiser also leased several thousand feet of retail space.  He testified in the bankruptcy hearings regarding operational matters related to the center, leasing potential and long term profitability of the center.

Project Status:

For additional information please contact Joel Hiser at 415-925-8800  or via email at .

Continue reading
May
07

Hospitality Asset Management - Dolce Hays Mansion Conference Center, San Jose, CA

Scope of Work:

Hospitality Asset Management - Dolce Hays Mansion Conference Center, San Jose, CA

Description of Project:

HTL Hospitality Advisors is acting as a Hospitality Management Consultant, was appointed by the City of San Jose, CA as the asset manager for the 214-room, four star, resort & spa, conference center with 24 meeting rooms and 33,000 square feet of first class, meeting space.  The historic, resort hotel located on 26 acres in Silicon Valley area of Northern California was originally constructed by the City at a cost exceeding $70 million.  Tony Dimond is the lead advisor on the assignment which has included selecting Dolce Hotels & Resorts (owned by Wyndham Hotels) to manage the property and negotiating the long term management contract.  Other primary responsibilities include ongoing over site of the facility’s operations, budget reviews, renovation coordination and reporting to the City of San Jose.

Project Status:

Property was acquired by an investment group. For additional information please contact Tony Dimond at 415-925-8800 or via email at .

Continue reading
May
05

Hospitality Consulting - Bankruptcy Court Central District of California

Scope of Work:

Bankruptcy Case - Chief Restructuring Officer for the Days Inn and Dixie Restaurant, Morgan City, LA

Description of Project:

HTL Hospitality Advisors was a Hospitality Consultant that was appointed by the U.S. Bankruptcy Court – Central District of California as the Chief Restructuring Officer for the 157 room, full service, Days Inn: Case No. 8:13-BK 11700-CB. The case involved a land lease with the Debtor and a BP Deepwater Horizon claim. Joel Hiser was the lead advisor on the assignment along with support team members: Lyle Boll – legal, Tony Kopp – financial and Tony Dimond – contract negotiation. HTL Hospitality Advisors was retained to manage the hotel during the term of the case. The assignment included selling the hotel to PSA Hospitality, LLC. based in Houston, TX. The case was dismissed January 5, 2015.

Project Status:

Property was acquired by an investment group. For additional information please contact Joel Hiser at 415-925-8800 or via email at .

Continue reading

Of this we are certain, no one is better qualified and positioned to assist clients in succeeding with their hotel, tourism and leisure projects, assets and investments than the hotel experts at HTL Hospitality Advisors.

Call us today at (415) 925-8800