Horwath HTL - Hotel, Tourism, and Leisure


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Welcome to Horwath Hotel, Tourism and Leisure consulting. Horwath HTL is the world\'s largest consulting organization specialized in the hospitality industry, with 47 offices in 37 countries.

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Horwath HTL - Hotel, Tourism, and Leisure

  1. 1. Partners For Success With Horwath HTL 1
  2. 2. Horwath HTL Office Locations San Francisco, CA – U.S. Corporate Headquarters U.S. Offices Horwath HTL Offices Worldwide Atlanta, GA 50 Hospitality Offices in 30 Countries Dallas, TX Denver, CO Crowe Horwath International Los Angeles, CA C.P.A. Offices Miami, FL 380 Offices Worldwide Phoenix, AZ 2
  3. 3. Horwath HTL – U.S. Professional Staff Western Region Eastern Region Joel Hiser - Principal Mark Beadle – Principal Veno Nathraj – Principal Steve Taylor – Managing Director Tony Dimond – Principal Corey Limbach – Managing Director Central Region David Dean – Managing Director John Montgomery – Sr. Managing James Burkhouse – Managing Director Director Vijay Naik – Managing Director Rick Besse – Sr. Managing Director Albert Yu – Director Bill Kottenstette – Managing Director Florida Booth – MAI Yatish Nathraj – Associate Broker Greg Garver – Associate Broker 3
  4. 4. Client Representation – Partial Listing Hotel Companies Owner/Development Companies Accor Hotels Amstar Group American Property Management California Mortgage & Realty, Inc. Canyon Country Hospitality City of Austin, Texas Destination Hotels & Resorts City of San Jose, CA Hilton Hotel Corporation City of Sacramento, CA InterContinental Hotel Group Continental Development Interstate Hotels & Resorts County of Los Angeles, CA Kor Hotel Group Columbus Properties Marriott Hotels & Resorts Hines Development Millennium & Copthorne PLC Jackson Hole Resort Corporation Omni Hotels John Hancock Insurance Outrigger Hotels & Resorts Kawasaki Enterprises, Inc. Pacifica Hospitality LNR Properties Prime Hospitality Corporation Morgan Stanley Real Estate Fund Regal Hotels International Metropolitan Life Insurance Richfield Hospitality Services The Opus Group Starwood Hotels & Resorts Wyndham International 4
  5. 5. Client Representation – Partial Listing Financial Institutions Aetna Realty Investors, Inc. Hong Kong Shanghai Bank Anglo Irish Bank Industrial Bank of Japan Bank Midwest John Hancock Life Insurance Bank of America Midland Bank Bank of the Redwoods Mitsui Bank and Trust Bank of Egypt Mutual of New York California Federal Bank ORIX Canyon Capital Realty Advisors PNC Bank Central Pacific Bank Prudential Insurance Connecticut General Life Insurance Rockbridge Real Estate Fund Essex Trust Royal Bank of Scotland Federal Deposit Insurance Corp. Saehan Bank Glendale Federal Bank Scotia Capital GMAC Temecula Valley Bank Grand Pacific Financial Corp. US Bancorp Hall Financial Group Wells Fargo Bank Hibernia Bank Zurich Insurance 5
  6. 6. Horwath HTL Company Profile Horwath HTL is a full service real estate company focused exclusively on the hospitality industry. We offer our clients a strategic array of value enhancing services including: Asset Management Services Receivership and Trustee Services Hospitality Real Estate Consulting Valuation/MAI Appraisals and Litigation Support Project Management Affiliated Company Services: Hotel Brokerage Hospitality Property Management Hotel Financing 6
  7. 7. Asset Management Services As asset managers we act to ensure that all interests of the owners are protected Oversight of existing management company Property reviews including local hotel market overview and competitive strengths and weaknesses Compliance reviews of leases, franchise and management agreements, loan documents, etc. Management and franchise company selection services and contract negotiation Capital expenditure project review, approval and implementation oversight Service contract and lease negotiation 7
  8. 8. Receivership Services As court appointed receivers we act in the best interest of a property’s creditors to ensure that their financial interests are protected and correctly accounted for. We provide oversight of the management company and its day to day operation of the property. Where appropriate we negotiate with franchise companies to postpone or delay any scheduled product improvement plans as well as any punitive actions planned on their part. Over 60 receivership assignments including individual hotels, inns, resorts and hotel portfolios. 8
  9. 9. Receivership/Asset Management Assignments Colorado Minnesota N. Dakota Illinois New York Hilton Hotel South, Denver Radisson South, Minneapolis Dakota Inn, Jamestown Park Hyatt, Chicago Omni Berkshire Place, New York City Millennium Harvest House, Millennium Hotel, Minneapolis Sheraton Walden, Schaumberg UN Plaza Hotel, New York City Boulder Knickerbocker Hotel, Chicago Sheraton, Buffalo Comfort Inn, Vail Washington Howard Johnson, Colonie Quality Inn, Colorado Springs Sheraton, Tacoma Wisconsin Michigan New Hampshire Charter at Beaver Creek, Vail Marriott, Milwaukee Hilton Hotel, Troy Hilton, Merrimack Utah Kansas Indiana Massachusetts Hilton, Salt Lake City Doubletree, Clarion Resort & Marina, Omni Parker House, Boston Comfort Inn, Salt Lake City Overland Park Monroe Bostonian Hotel, Boston Nevada Four Seasons, Boston Bourbon St. Hotel & Casino, New Jersey Las Vegas Marriott, Somerset Northern California Ohio Hayes Mansion Conference Marriott, Cleveland Center, San Jose Mariott, Columbus East Marriott, San Francisco Airport Millennium, Cincinnati Hyatt Regency, Burlingame Four Points, Cincinnati Biltmore Hotel, Santa Clara Aurora Inn, Aurora Westin Hotel & Convention Center, Santa Clara Westin, Columbus Four Points, San Rafael Residence Inn, Columbus The Donatello Hotel, San Francisco Washington, D.C. Holiday Inn, San Rafael Park Terrace Hotel Hilton, Sunnyvale Missouri Clarion, Sacramento Millennium, St. Louis Residence Inn, Sacramento Doubletree, St. Louis Tennessee Millennium Maxwell House, Nashville Southern California Arizona Arkansas Alabama Days Inn, Nashville Loews Coronado Bay Hotel, San Diego El Conquistador, Tucson Residence Inn, Little Rock Marriott, Pt. Clear Residence Inn, Nashville Biltmore Hotel & Office Tower, Los Angeles Park Inn, Tucson Hampton, Little Rock Marriott, Huntsville Marriott, Nashville Doubletree Hotel & Marina, San Pedro Quality Inn, Phoenix Hampton, Birmingham North Carolina Marriott, Los Angeles McCormick Ranch Resort, Scottsdale New Mexico Marriott Crabtree Valley, Raleigh Marriott, Long Beach Renaissance, Mesa El Dorado Resort, Santa Fe Florida Hyatt Regency, Winston-Salem Embassy Suites, Buena Park Sheraton, Tempe Hampton, Albuquerque Sheraton, Key Largo Sheraton, Durham Holiday Inn, Buena Park Plaza Hotel, Tucson Bonaventure Resort and Spa, Foxfire Resort, Pinehurst Quality Inn & Suites, Lompoc Embassy, Phoenix Ft. Lauderdale Ramada, Fayetteville Marriott, Ontario Embassy, Tempe Marriott Sawgrass, Ponte Vedra South Carolina Radisson, La Jolla Hilton Hotel, St. Petersburg Hilton, Greenville Residence Inn, Ontario Texas The Mutiny Hotel, Miami Georgia Holiday Inn Express, Rancho Cucamonga Hyatt Regency, Austin Marriott West Shore, Tampa Hyatt Regency Ravinia, Atlanta Ramada, Indian Wells Mariott Quorum, Dallas Hilton Garden Inn, Tampa North Country Inn & Suites, Atlanta Ramada Suites, Santa Maria Four Seasons, San Antonio Radisson River House, Miami Hampton Inn, Atlanta Sheraton LAX, Los Angeles Four Seasons, Houston Park Inn & Suites, Bradenton Holiday Inn, Albany Marriott Riverwalk, San Antonio Sheraton, Kissimmee Holiday Inn, Brunswick Hilton Hotel Dallas Parkway, Dallas Residence Inn, Altamonte Springs Park Central Marriott, Dallas Sheraton, New Port Richey Sheraton Park Central, Dallas Hilton, Gainesville Holiday Inn, Dallas Hilton, St. Petersburg Clarion, Ft. Worth Hawaii Radisson Crest, Austin The Ilikai, Waikiki Hampton Inn, Dallas Outrigger Ala Wai Tower, Waikiki Sheraton Mockingbird, Dallas Seaside Suites, Waikiki Marriott Park Central, Dallas Tradewinds, Waikiki Ala Wai Gateway, Waikiki Marriott Resort, Kona Coast Outrigger Waikiki, Honolulu Outrigger Reef, Honolulu Outrigger East, Honolulu 9
  10. 10. Receivership Assignments Portfolio of 10 Days Inns Westin Hotel and Convention Center Santa Clara, CA Hyatt Regency Bonaventure Conference Center Weston, FL 10
  11. 11. Hospitality Real Estate Consulting Our staff of consultants have extensive operational, marketing and revenue management experience and can provide a variety of hospitality asset related services. Market feasibility studies and financial projections Monthly and annual operating cash flow estimates Repositioning strategies and analysis Due diligence reviews and underwriting Financial analysis 11
  12. 12. Consulting Assignments Hyatt Regency Denver Grand Hotel Marriott Resort Point Clear, AL InterContinental Hotel San Francisco Four Seasons Resort Jackson Hole 12
  13. 13. Valuation and MAI Appraisals Asset Valuations FIRREA Appraisals Broker Opinions of Value Asset Allocation Litigation Support Seasoned Industry Professionals Certified Public Accountants MAI and Valuation Services 13
  14. 14. Valuation Assignments Aloft Hotel – Franklin, TN Hotel Valencia San Jose, CA Resort at Squaw Creek, Olympic Valley, CA 14
  15. 15. Project Management/Development Development completion or PIP renovation Oversight of the following: • GC and sub-contractors • Architectural and engineering team • Interior design team • Purchasing agent • FF&E installation Approval of necessary change-orders Approval of project draws Selection of a brand and management company Ensure that the project is completed on time and within budget. 15
  16. 16. Project Mgmt. Assignments Sheraton Parkway 75 – Atlanta, GA The Charter at Beaver Creek Beaver Creek, CO Millennium Bostonian Hotel – Boston, MA 16
  17. 17. Brokerage Services Our associates were first trained in the hotel industry and then transitioned to real estate brokerage. We become intimately familiar with the listed hotel asset. We develop complete and thorough offering memorandums. We conduct all property tours in person. We relay current market conditions to our clients in an effort to inform and not persuade. All associates work as one team and all are fully knowledgeable of all details of each assignment undertaken. 17
  18. 18. Brokerage Marketing Methods Direct mail Trade shows Internet listings Shared database Utilize international offices to identify foreign buyers Share information among divisions to support cross selling worldwide 18
  19. 19. Completed Select Service Transactions – Partial List Colorado Illinois Michigan Comfort Inn, Avon Ramada Hotel, Oakbrook Terrace Hampton Inn, New York Quality Inn, Colorado Springs (Chicago) Sault Ste. Marie Best Value Inn, Buffalo Hampton Inn, Colorado Springs Best Western, Schaumberg Holiday Inn Express, Western Inn, Denver Ramada Inn, Bloomington Poughkeepsie Candlewood Suites, Rockford Utah Ohio Massachusetts Microtel, Salt Lake City Indiana Pine Lake Club Days Inn, Burlington Comfort Inn, Salt Lake City Days Inn, Sellersburg Best Western, Delta New Jersey Best Western, Piscataway Northern California Holiday Inn Express, Corning Maryland AmeriSuites, Dublin Ramada Hotel, Annapolis Cartwright Hotel, San Francisco Roadway Inn, South Lake Tahoe Kentucky Holiday Inn Express, Tracy Best Western, Lexington Holiday Inn Express, Sacramento Quality Suites, Millbrae Tennessee Comfort Inn, San Mateo Residence Inn, Nashville Orchard Garden Inn, San Francisco Days Inn, Nashville Comfort Inn & Suites, Crescent City Continental Inn, Nashville Southern California Missouri Anaheim Lodge, Anaheim Hampton Inn, St. Louis Holiday Inn Express, Century City Independent, Kansas City Ramada Inn, Santa Ana Comfort Inn & Suites, Anaheim Arizona North Carolina Radisson CI & S, Ontario Best Western, Green Valley Sleep Inn, Yadkinville Desert Inn, Lancaster Comfort Inn, Phoenix Mississippi Saddleback Inn, Norwalk Howard Johnson, Tucson Biloxi Beach Resort, Biloxi Georgia Days Inn, Banning Travelodge Metro Center, Phoenix Holiday Inn Express, Gulfport Holiday Inn Express, Baxley Hampton, Arcadia Park Inn, Phoenix Holiday Inn Express, Biloxi Comfort Inn, Atlanta Econolodge, National City Motel 6, Phoenix Microtel Inn & Suites, Meridian Residence Inn Perimeter, Atlanta Days Inn, Barstow Independent, Phoenix Hampton Inn (Northlake), Atlanta Fairfield Inn, Ontario Alabama Best Western, Savannah Best Western, Blythe Best Western, Montgomery Economy Inn, Blythe Texas Ramada Inn, Madison Florida Hampton Inn, Anaheim Hampton Inn, (Addison) Dallas Residence Inn, Altamonte Springs Travelodge, Buena Park Days Inn, Irving Oceanside Inn, Cocoa Beach Best Western, Ontario Tradewinds Motor Hotel, Wichita Falls Island Inn, St. Augustine Holiday Inn Express, Hillsboro Park Inn, Bradenton Ramada Inn Midtown, Ft. Worth Wynfield Inn, Kissimmee Holiday Inn Express, Abilene Wynfield Inn, Orlando TownPlace Suites, Plano Independent, Miami Beach Independent, Miami Beach Hawaii Seaside Suites, Waikiki Ala Wai Terrace, Waikiki 19
  20. 20. Completed Full Service Transactions – Partial List Minnesota N. Dakota New York Millennium Hotel, Minneapolis Dakota Inn, Jamestown UN Plaza Hotel, New York Colorado Hilton Airport, Minneapolis Four Seasons, New York Millennium, Boulder Holiday Inn Central, Bloomington Illinois Four Points, Buffalo Millennium Knickerbocker, Chicago Utah Michigan Connecticut Sheraton, Salt Lake City Hotel St. Regis, Detroit Wisconsin Radisson, Enfield Holiday Inn, Salt Lake City Sheraton Inn, Detroit Holiday Inn Centre City, Green Bay Iowa Holiday Inn, Hurley Massachusetts Northern California Holiday Inn, Des Moines Bostonian Hotel, Boston InterContinental Hotel, Holiday Inn, Muscatine San Francisco New Jersey Hilton, Sacramento Sheraton Hotel, Newark Radisson Airport, San Jose Orchard Garden Inn (land), SF Indiana Hotel Valencia (land), San Jose Clarion Hotel & Marina, Clarion, Sacramento Bloomington Holiday Inn, San Rafael Ohio Quality Inn & Suites, San Mateo Millennium, Cincinnati Aurora Inn, Aurora Southern California Four Points by Sheraton, San Diego Tennessee Biltmore Hotel & Office Tower, LA Regal Maxwell House, Nashville Radisson LAX, Los Angeles Marriott Hotel, Ontario Missouri Holiday Inn, Thousand Oaks Park Place Hotel, Kansas City Best Western, Long Beach Quality Inn, St. Charles Sheraton Mission Valley, San Diego Doubletree, St. Louis Radisson, La Jolla Arkansas Millennium, St. Louis Arizona Holiday Inn, Alabama McCormick Ranch Resort, Scottsdale Arkadelphia Holiday Inn, North Carolina Radisson Hotel, Scottsdale Homewood Sheraton, Durham Texas Louisiana Georgia Radisson, Dallas Mississippi Holiday Inn, Metarie Georgian Terrace, Atlanta Wyndham, San Antonio Holiday Inn, Gulfport Best Western, Valdosta Holiday Inn, Dallas Holiday Inn Airport, Gulfport Hawaii Clarion, Ft. Worth Florida Marriott Wailea Resort, Maui Radisson, Austin Hilton Garden Inn, Tampa North Parkside Hotel, Waikiki Holiday Inn Lubbock South, Lubbock Four Points, Kissimmee Doubletree Alana, Waikiki Holiday Inn, Pecos Inn on the Beach, Daytona Beach Outrigger Luana, Waikiki Crowne Plaza, San Antonio Holiday Inn, Plantation Holiday Inn, Jacksonville Dominican Republic Canoa Coral Resort, Dominican Republic Hamaca Coral Resort, Dominican Republic Marien Coral Resort, Dominican Republic 20
  21. 21. Brokerage Assignments Maxwell House Nashville, TN Radisson - Springfield, CT Four Seasons New York Hilton Garden Inn – Tampa, FL Fairfield Inn – Ontario, CA 21
  22. 22. Why Choose Horwath HTL We partner with our clients. We recruit only experienced industry professionals. We inform and involve every team member. We communicate constantly. We always work as a team. We have a national network with worldwide reach. We get results! 22
  23. 23. Thank You 23