"The Ultimate Guide to Managing Distressed Hotel and ResortAssets" is a comprehensive guide to distressed hotel asset management, written by Stephen Nalley, a seasoned professional with a proven track record of success having managed over $2 billion of distressed hotel assets over a 20-year career. The book provides a detailed and practical approach to managing hotels that are in distress, and offers valuable insights and strategies for turning around these properties.
Nalley begins by defining what constitutes a distressed hotel, and outlines the various causes of distress, including economic downturns, changes in market conditions, and operational issues. He then provides a step-by-step process for assessing the extent of the distress, including a thorough analysis of the financials, market conditions, and operational performance.
The book then delves into the various strategies that can be employed to turn around a distressed hotel, including asset repositioning, operational restructuring, and financial restructuring. Nalley provides detailed case studies to illustrate each of these strategies, and offers practical advice for implementing them effectively.
Throughout the book, Nalley emphasizes the importance of collaboration and communication, both within the hotel team and with external stakeholders such as lenders, investors, and vendors. He stresses the need for a clear and realistic turnaround plan, and provides guidance on how to develop and execute such a plan.
Overall, "The Ultimate Guide to Managing Distressed Hotel and Resort Assets" is an invaluable resource for hotel owners, operators, and investors who are looking to successfully manage and turn around distressed hotel assets. Nalley's expertise and experience shine through in the practical and insightful advice he offers, making this book a must-read for anyone involved in the hospitality industry.
