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Hotel renovation

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...
commercial real estate investment

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...
closed hotel - door with chain

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,...
Hotel building

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...