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.
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
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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
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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
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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
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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
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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
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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.
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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. Receivership Assignments
Portfolio of 10 Days Inns
Westin Hotel and Convention Center
Santa Clara, CA Hyatt Regency Bonaventure Conference Center
Weston, FL
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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
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12. Consulting Assignments
Hyatt
Regency
Denver
Grand Hotel Marriott Resort
Point Clear, AL
InterContinental
Hotel
San Francisco
Four Seasons
Resort
Jackson Hole
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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
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14. Valuation Assignments
Aloft Hotel – Franklin, TN
Hotel Valencia
San Jose, CA
Resort at Squaw Creek, Olympic Valley, CA
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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.
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16. Project Mgmt. Assignments
Sheraton Parkway 75 – Atlanta, GA
The Charter at Beaver Creek
Beaver Creek, CO
Millennium Bostonian Hotel – Boston, MA
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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.
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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
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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
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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
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21. Brokerage Assignments
Maxwell House
Nashville, TN
Radisson - Springfield, CT
Four Seasons
New York
Hilton Garden Inn – Tampa, FL Fairfield Inn – Ontario, CA
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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!
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