A distressed 74 room hotel is acquired by an institutional
investor. The property is repositioned with a largely in house
renovation program and an aggressive sales and marketing plan.
The first full year, while renovating, annual income available
for debt is $107,000. The second full year income rose to $308,000.
In the third year income available for debt is over $410,000!
The property was sold after year five when income reached $700,000
available for debt.
A 260 room resort managed by a very large management company
is reorganized with new management, more efficient staffing
and centralized accounting, In twelve months, profit available
for debt is raised by $540,000.
A distressed independent 60 room motel is repositioned.
Income available for debt is increased from $198,000 to nearly
$300,000 in one year! Third year income rose to $351,000.
A brand new destination resort in the desert southwest
is opened on time and under budget. More impressively, it exceeds
budgeted revenues the first year by more than $3,000,000!
A distressed suite property with income of only
$62,000 is increased to over $160,000 in only twelve months.
A distressed former Best Western property in receivership is renovated on
time and under budget. The property rejoins Best Western and is awarded three diamonds.
Revenues are increased over 200 % in 24 months. |