Scope of Work:
Success close of escrow - Candlewood Suites– Netherland, Texas
Description of Project:
HTL Hospitality Advisors served as a Hotel Consulting firm and was appointed by the U.S. Bankruptcy Court – Central District of California as the Chief Restructuring Officer for the 62 room, Candlewood Suites: Case No. 8:13-bk 11701-CB. The case involved a land lease with the Debtor. 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 Priti, Inc. based in Houston, TX. The case was dismissed January 5, 2015.