Stephen Nalley, Kent Hricko

The Distressed Hotel Blueprint

• Broschiertes Buch

Produktbeschreibung

The Distressed Hotel Blueprint is a comprehensive guide that serves as an essential resource for hotel owners, operators, investors, and stakeholders seeking to navigate the complexities of distressed hotel assets. Written by experienced professionals in the hospitality and real estate industries, this book offers an in-depth roadmap for understanding, managing, and turning around distressed hotel properties. Covering a wide range of topics such as turnaround strategies, repositioning, bank workouts, financing options, disposition, bankruptcy, receivership, hotel management, and asset management, The Distressed Hotel Blueprint provides actionable steps, real-world examples, and case studies to help properties regain stability and profitability. Starting with an exploration of what constitutes a distressed hotel and the key indicators that signal distress, the book provides readers with a clear understanding of the common causes of distress, such as economic downturns, mismanagement, high debt levels, and shifting market conditions. It then delves into detailed strategies for conducting operational and financial audits, analyzing market trends, and identifying opportunities for turnaround, allowing readers to pinpoint the root causes of distress and develop an effective plan to address them. As the guide progresses, it offers insights into creating a comprehensive turnaround plan that includes financial restructuring, operational improvements, marketing and rebranding strategies, and staff engagement and training. These chapters are filled with practical examples and case studies that showcase how hotels have successfully revitalized their properties by implementing these techniques. The book also covers the importance of repositioning distressed hotels, providing actionable advice on how to attract a new target market, improve profitability, and create a sustainable competitive advantage. One of the standout features of The Distressed Hotel Blueprint is its in-depth discussion of complex financial processes, such as bank workouts, refinancing options, and working with lenders. It offers readers valuable insights into negotiating with lenders, preparing for bankruptcy proceedings, and understanding the receivership process, ensuring they are equipped with the knowledge needed to navigate these challenges effectively. Furthermore, the guide explores how to maximize the value of distressed hotel assets through effective marketing, sales, and disposition strategies. To ensure long-term profitability and sustainability, the book emphasizes the importance of asset management, revenue management strategies, cost control, capital improvement planning, and ongoing monitoring and reporting. With a forward-looking approach, it addresses how to build a sustainable future for distressed hotels by incorporating innovation, technology, and continuous improvement practices. The Distressed Hotel Blueprint is more than just a guide; it's a comprehensive toolkit for transforming distressed hotel properties into thriving, profitable assets. Whether you are an investor looking for opportunities, a hotel owner facing challenges, or a manager seeking to improve operations, this book offers a step-by-step guide to help you navigate the complexities of distressed hotel assets and achieve long-term success in the hospitality industry.

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Produktdetails

• Verlag: Black Briar Publishing
• Seitenzahl: 600
• Erscheinungstermin: 30. September 2024
• Englisch
• Abmessung: 229mm x 152mm x 33mm
• Gewicht: 857g
• ISBN-13: 9798330456710
• Artikelnr.: 71868208

Autorenporträt

Stephen Nalley is an American Real Estate Executive, Entrepreneur, Veteran, Author and the Founder & CEO of Black Briar Advisors, which is a full service real estate investment company that specializes in the acquisition, repositioning and turnaround of distressed real estate assets.Over the past 20 years, Stephen has participated in the ownership of over 100 hotel & resort assets and has asset managed over $2B in distressed real estate assets.Prior to Stephen's professional career, he served in the United States Army as a Light Infantry Squad Leader with the Army's Elite 10th Mountain Division and the 2145th in the US Army Reserves.Stephen earned a Bachelor of Science Degree in Healthcare Administration from the University of North Florida, Masters in Business Administration and Doctorate in Business Administration for the University of Atlanta, as well as, a Law Degree from the University of Washington School of Law.Stephen is a Certified Hotel Administrator through the American Hotel & Lodging Association and is a Member of the Forbes Business Council, as well as, a Writer for the Entrepreneur Leadership Network