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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 hotel, 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 Networking cocktail reception
Place: Luxe Hotel Sunset Boulevard
11461 Sunset Blvd, Los Angeles, CA
Sunset & Interstate 405
Register Here $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
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?
Alan X. Reay, President, Atlas Hospitality Group
Robert B. Stiles, Executive VP & Principal, Cushman Wakefield Sonnenblick Goldman
3:00 pm Case Studies: Pragmatic advice for dealing with California properties
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?
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, Jeffer Mangels Butler & Marmaro LLP
Martin Taylor, Real Estate Partner, Jeffer Mangels Butler & Marmaro LLP
3:45 pm Break
4:00 pm Capital Providers and Investors: What kind of deals are getting done?
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 of investors?
Are the bid/ask prices now narrowing? What structures are working best?
Bert Haboucha, SVP, iStar Financial
Greg A. Bloyd, SVP Special Assets, Citizens Business Bank
Loren Houchen, Chief Operating Officer, Business Partners LLC
Ash Israni, Chairman, Pacifica Companies
4:45 pm The Essentials of Receivership: How receivers can protect an asset's value
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?
Martin Taylor, Real Estate Partner, Jeffer Mangels Butler & Marmaro LLP
Neil Erickson, Litigation Partner, Jeffer Mangels Butler & Marmaro LLP
5:15 pm Where do we go from here?
How can we pull together to best support the industry's needs in these volatile times?
Jim Butler, Chairman, JMBM Global Hospitality Group®
5:30 pm Networking cocktail reception
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