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 .

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Mar
25

Mark Beadle Hotel Broker - Just Sold Days Inn Hotel in Georgia

Scope of Work:

Success close of escrow - Days Inn – Lake Park, Georgia

Description of Project:

Mark Beadle, a Hotel Broker with HTL Hospitality Advisors, is pleased to announce the recent sale of the Days Inn in Lake Park, Georgia. HTL represented the seller, Amray Properties, LLC in the transaction which saw the 94-unit property close on January 23rd. The buyer of the property was Lake Park Hotel LLC. The hotel was in very good condition and was to retain the Days Inn brand. The property traded at a 1.8 times room revenue.  

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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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