Jul
27

Hospitality Consulting & Hotel Asset Management California: Dolce Hays Mansion Conference Center

Scope of Work:

Hospitality Consulting & Asset Management for the Dolce Hays Mansion Conference Center, San Jose, CA

Description of Project:

HTL Hospitality Advisors was appointed by the City of San Jose, CA as the hotel asset manager for the 214-room, four star, resort & spa, conference center with 24 meeting rooms with 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 increasing the revenues by 135% and returning the GOP to a positive position.  Other primary responsibilities include ongoing over site of the facility’s operations, budget reviews and approvals, renovation coordination and reporting to the City of San Jose on all phases of the project.

Project Status:

For additional information please contact Tony Dimond at 916-548-6003  or via email at .

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  2979 Hits
2979 Hits
Jul
20

Hotel Real Estate Brokerage assignment on behalf of ORIX Capital

Scope of Work:

Hotel Real Estate Brokerage assignment on behalf of ORIX Capital

Description of Project:

HTL Hospitality Advisors was selected by ORIX Capital as a Hotel Broker to sell the Lighthouse Lodge & Suites located on the Monterey Peninsula in Garden Grove, California.  Joel Hiser was the lead hotel broker in the sale and was assisted by Anthony Dimond as a hospitality Consultant and Veno Nathraj as a Hotel Broker.  The property was sold for a price of $10,000,000 or slightly less than four times annual revenue. The buyer, Pacifica Companies based in San Diego, CA, planned to complete a multi-million dollar renovation.  The 104 unit hotel has 65 standard rooms and 29 cottages and includes a full liquor license.  HTL Hospitality Advisors managed of the hotel for the owner prior to the sale.

Project Status:

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

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  2023 Hits
2023 Hits
Jul
07

Hotel Brokerage California: Hotel Property Receivership & Management

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%.

Project Status:

For additional information please contact Joel Hiser at 916-714-5615  or via email at  .

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2951 Hits
Jun
30

Hotel Brokerage Hampton Inn Texas - Hotel Consulting Receivership

Scope of Work:

Property Sale and Receivership Case – Real estate brokerage and receivership for the Hampton Inn, Richardson, TX

Description of Project:

Joel Hiser a Hotel Broker of HTL Hospitality Advisors was appointed by the District Court of Dallas County as receiver for the estate (Case No. – 10-02351).  The receivership order also directed that the hotel be sold with court approval.  The 128 room, focused service, hotel was managed by HTL Hospitality Advisors while under receivership. In the two and one half years while under management, the property’s annual revenues increased almost 40% and the profit margin improved substantially.   Mr. Hiser negotiated retention of the Hampton franchise until the property was sold and converted into a Wingate Inn. Joel Hiser represented the receivership estate in the sale of the property to Sundip Kumar at a price of $4,250,000. The sale price equated to approximately two times the annual revenue.

Project Status:

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

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  2764 Hits
2764 Hits
Jun
26

Hotel Broker Mark Beadle Successful Escrow Closed Best Western Tennessee

Scope of Work:

Success close of escrow – Best Western  – Morristown, Tennessee 

Description of Project:

Mark Beadle, a Hotel Broker with HTL Hospitality Advisors is pleased to announce the recent sale of the Best Western Plus in Morristown, Tennessee.   HTL represented the seller, WALL-RAM, a Tennessee General Partnership in the transaction which saw the 112-unit property close on March 31st.  The buyer of the property was a Nashville based investment entity.   The hotel was in excellent condition and was to retain the Best Western Plus brand.  The operating statistics for the property reflect that the hotel ran at 50 percent occupancy and realized an $85 average daily rate.  The property traded in the mid 2 times room revenue multiple.  HTL also provided the financing source for the transaction. 

Project Status:

Property was acquired by an investment group. For additional information please contact Mark Beadle at 770-971-3005 or via email at .

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  2109 Hits
2109 Hits

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