Business Services Industry
C&W offering new service
Real Estate Weekly, Feb 20, 2002
Cushman & Wakefield announced recently that it is offering hospitality asset recovery services for its clients nationwide. Through this service, the firm is assisting investors and hotel owners in the acquisition and disposition of distressed hotel properties and mortgages collateralized by lodging facilities.
Cushman & Wakefield is advising investors in sourcing and acquiring under-performing hotel assets and mortgages in single assets, portfolios, and hotel companies. The firm is also advising owners of distressed hotel properties in the disposition of individual portfolios of properties and mortgages.
The service is managed by real estate professionals from the firm's structured finance and hospitality industry groups. Daniel Lesser, senior director of C & W's hospitality industry group, and Michael Rotchford, senior managing director of the structured finance group, are leading this effort. Both are based in the firm's headquarters in New York City.
"We are responding to requests from our clients to bring together our unique combination of financial structuring and hospitality expertise to resolve complex real estate and capital markets issues," Lesser said.
"This service is providing significant value to our clients in the hospitality industry," said Rotchford.
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