The Lenders Handbook for Troubled Hotels: Essentials and Advanced Techniques
A free, practical guide for lenders, owners and investors
May 12, 2010 – LOS ANGELES – The Global Hospitality Group® of Jeffer Mangels Butler & Marmaro LLP (JMBM) is pleased to announce the publication of a new hospitality industry resource: The Lenders Handbook for Troubled Hotels: Essentials and Advanced Techniques – A Practical Guide. The book — which JMBM is currently making available at no charge — is written by veteran hotel lawyer Jim Butler and members of JMBM’s Global Hospitality Group®.
First released to 300 attendees at the 20th annual Meet the Money® conference on May 4, 2010, the 98-page book gives lenders, owners and investors the information they need to make strategic decisions in the high stakes world of troubled hotel loans. Butler and his co-authors provide an insightful perspective that allows all players to see how they can maximize value while making tough decisions.
Now available for free download on the Hotel Law Blog, The Lenders Handbook for Troubled Hotels is packed with useful information that includes:
- Why hotels are so different than other troubled assets;
- What alternative strategies are available for dealing with troubled hotels;
- Analytical tools that will help lenders, owners and investors identify, evaluate and select from a full range of options;
- How the hotel operating business is critical to the value of the asset and its recovery;
- Why failure to recognize certain crucial decision points can give away more than half the value of a hotel;
- The importance of the Hotel Franchise and Management Agreement — how keeping or getting rid of a brand or operator can be one of the biggest factors in hotel asset value.
The book also includes two innovative, proprietary approaches that hotel lawyers in JMBM’s Global Hospitality Group® have developed to enhance value in troubled hotels:
- The SAVE® program (Strategies and Approaches for Value Enhancement)
- The Enhanced Note Sale™
While this offer lasts, you can download a free copy of The Lenders Handbook for Troubled Hotels at https://hotellaw.jmbm.com/2010/05/the_lenders_handbook.html.
Copyright notice: Although the download is free, "The Lenders Handbook for Troubled Hotels" is copyrighted and all rights are reserved. It may not be reproduced in whole or in part without written permission of JMBM’s Global Hospitality Group®. If your colleagues would like a copy of the book, we ask only that they download their own copy.
About the Author
Hotel lawyer Jim Butler is the Chairman of JMBM’s Global Hospitality Group®, a founding partner of Jeffer Mangels Butler & Marmaro LLP, the author and publisher of the Hotel Law Blog, and the Conference Chairman of Meet the Money®. He has been quoted as an expert on hospitality issues in The New York Times, The Wall Street Journal, Los Angeles Times, Forbes, BusinessWeek, Hotel Business, and other publications.
About JMBM’s Global Hospitality Group
JMBM’s Global Hospitality Group® is a team of 50 seasoned professionals with more than $60 billion of hotel transactional experience, involving more than 1,250 properties located around the globe. Its team of troubled loan veterans have dealt with more than 1,000 receiverships, bankruptcies and workouts over the years and includes handling some of the biggest real estate, timeshare and hotel assets for banks and the U.S. Government (both the FDIC and the RTC in the last great meltdown). Their experience includes all aspects of troubled hotel loans including hotel bankruptcy, hotel mortgage default, hotel receivership, and working with the special servicer. For more information go to www. JMBM.com.
Chairman, JMBM Global Hospitality Group®