Tag: distressed assets
Behind the Conversion Trend
Attorney David Reina of Morris, Manning & Martin LLP’s Hospitality Practice already observes a clear uptick in acquisitions of distressed hotels for conversion into...
Highgate Launches Expanded Receivership Services
NEW YORK — Highgate, a global real estate investment and hospitality management company, announced its receivership and loan resolution capabilities with the formation of...
Prime for Repurposing
The vultures are circling. It’s no secret that the financial crisis precipitated by the continuing global pandemic has hit the hospitality industry especially hard,...
Aimbridge Grows Portfolio and Expands Platform for Stabilizing Distressed Assets
DALLAS—Aimbridge Hospitality recently announced continued portfolio growth and the expansion of its Aimbridge Receiver Services (ARS), which focuses on stabilizing hotels with distressed debt...
Room for Improvement: Recovering a Distressed Hotel
Andria and Bruce Lewis are used to taking over bank-owned properties. Through their company, Lewis Properties, the couple has recovered several retail and office...