‘Our Serviced Residences deliver a higher efficiency in operations compared to our peers’

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Key Take Away

While hotels are hit hard by the lockdown, Serviced Apartments continue to survive on the base of their long-stay guests. Operators like Ascott Limited, highlight this advantage to asset owners and prospective investors

The Ascott Limited is a Singapore company that has grown to be one of the leading international lodging owner-operators.

ET Hospitality World spoke to Supriya Malhotra, Area General Manager of Ascott Chennai cluster to understand the business and how Serviced Apartments are better placed than regular hotels in the Covid-19 crisis.

For More Information:

https://hospitality.economictimes.indiatimes.com/news/hotels/our-serviced-residences-deliver-a-higher-efficiency-in-operations-compared-to-our-peers/75466391

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Distressed Hotels: What to Do with Distressed Hotels. Lender (and Borrower) Guide - By Jim Butler

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When a hotel loan gets in trouble, a lender should immediately perform a Comprehensive Situation Analysis. Borrowers should do the same and be fast to approach lenders with candor and an actual plan demonstrating what is needed and how it will work. This Comprehensive Situation Analysis is the foundation for making some of the most important decisions that the lender and borrower will face on what to do with a distressed loan or asset. When the Comprehensive Situation Analysis is completed, what’s next? What do the amassed facts indicate? How do they tell the parties what to do? What are the alternatives for dealing with a troubled hotel loan? Basically, the alternatives for a lender with troubled hotel asset are:

1. Do nothing (or sell the loan)

2. Workout the loan

3. Appoint a receiver

4. Seek a deed-in-lieu

5. Commence foreclosure

6. Seek Relief in bankruptcy proceedings

The matrix below shows how many of the relevant factors will suggest the appropriate alternative to select.

For matrix please visit below mention link :

https://hotellaw.jmbm.com/files/2020/03/Alternative-Strategies-for-Trouble-Loans.pdf

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