Executive Briefing on Troubled Hotel Assets

Los Angeles, CA
Wednesday, March 10, 2010
Executive Briefing on Troubled Hotel Assets
Wednesday, March 10, 2010 2:00 PM -
Thursday, March 11, 2010 7:30 PM (Pacific Time)

Luxe Hotel on Sunset Boulevard
(800) 468-3541
11461 Sunset Blvd.
Los Angeles, CA 90049
United States

Map and Directions
JMBM Executive Briefing on Troubled Hotel Assets
California Receiverships and Foreclosures:
Winning approaches for dealing with special purpose assets

What every lender, receiver and opportunistic investor needs to know now!

Learn how industry experts -- with more than 1,000 receiverships and more than 1,000 hotel projects under their belts -- are effectively dealing with loan defaults on hotels, hotel mixed-use, restaurant, golf course, and other special purpose properties with operating businesses.

This important 3-hour briefing will get you up to speed on the critical issues and solutions that help to maximize the value of a distressed special purpose asset.


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Date:        March 10, 2010

Time:       2:00 pm - 5:30 pm    Registration & Program
                5:30 pm - 7:30 pm    Cocktail Reception

Place:      Luxe Hotel Sunset Boulevard
               11461 Sunset Boulevard, Los Angeles

Registration:    $75.00

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Program Agenda and Speakers

2:00 pm    Registration

2:30 pm    Introduction
                Jim Butler, Chairman, JMBM Global Hospitality Group®

2:35 pm    Property and Finance Update: What is happening in California and the hospitality industry now
                Robert B. Stiles, EVP & Principal, Cushman & Wakefield 
                Sonnenblick Goldman
                Alan X. Reay, President, Atlas Hospitality Group

Financial institutions are now addressing the backlog of loan defaults on distressed commercial properties. How are decisions made to move forward? What factors go into determining when the asset gets put on the market? When will lenders start selling? How is a price determined?

And the new money starting to flow again:  How much? What terms? Who gets it and why?

3:00 pm   Case Studies:  Pragmatic advice for dealing with California properties
                Mark F. Burden, President & CEO, Rim Hospitality
                Bill Hoffman, President & CEO, Trigild, Inc.
                Jeff Kolessar, Senior VP of Development, GF Management, Inc.
                M. Guy Maisnik, Real Estate Partner, JMBM
                Martin Taylor, Real Estate Partner, JMBM

How are lenders, receivers and opportunistic buyers effectively dealing with loan defaults? How are lenders collecting on the debt? What is special about California properties? What works, what doesn't work, and what is new this time around?

3:45 pm    Break

4:00 pm    Capital Providers and Investors: What kind of deals are getting done?
                Bert Haboucha, SVP, iStar Financial
                Greg A. Bloyd, SVP Special Assets, Citizens Business Bank
                Loren Houchen, Chief Operating Officer, Business Partners LLC
                John S. Phillips, Chief Financial Officer, Pacifica Companies

What are lenders seeing in hotel loan defaults and foreclosures? What are they doing with Note sales and REOs? How are lenders maximizing value? What do investors expect of lenders?

What are investors looking for and what do lenders expect from investors? Are the bid/ask prices now narrowing? What structures are working best?


4:45 pm    The Essentials of Receivership: How receivers can protect an asset's value
                 Martin Taylor, Real Estate Partner, JMBM
                 Neil Erickson, Litigation Partner, JMBM

What is the role of a receiver? What does it take to be a receiver? How is a receiver appointed? When should a lender ask for a receiver? Receivers have an astonishing array of powers and responsibilities. Can a receiver sell the asset?

5:15 pm    Where do we go from here?
                Jim Butler, Chairman, JMBM Global Hospitality Group®

How can we pull together to best support the industry's needs in these volatile times?

5:30 pm    Networking cocktail reception


This activity has been approved for 2.75 hours of Minimum Continuing Legal Education credit by the State Bar of California.  Jeffer Mangels Butler & Marmaro LLP certifies that this activity conforms to the standards for approved educations activities prescribed by the rules and regulations of the State Bar of California governing minimum continuing legal education.
 

Contact Information

  • Phone: 310-785-5320, Email: dphillips@jmbm.com
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