By Jim Butler and the Global Hospitality Group®

May 3, 2010 - Quick! Can you name the alternative strategies for troubled hotels? Do you have analytical tools to identify, evaluate and select from the range of options?

Do you know how to recognize certain crucial decision points that can give away more than half the value of a hotel? And what about keeping, or getting rid of a brand or operator? Speed bumps in hotel bankruptcies, restructuring condo hotels, and why closing that hotel may be the worst money saving idea you ever had?

A comprehensive, 98-page book on how to with troubled hotels -- distilled from the experience gathered by a team of experts over more than 20 years, and 1,000 bankruptcies, receiverships and workouts. This resource is "The Lenders Handbook for Troubled Hotels." And you can get your copy for FREE!

Practical guidance from Hotel Lawyers: The Lenders Handbook for Troubled Hotels. 

Today, I would like to introduce you to a great new resource the hotel lawyers at JMBM have created for lenders -- the Lenders Handbook for Troubled Hotels. Although created with lenders and investors in mind, this is an invaluable resource for anyone with a troubled hotel asset.

This 98-page resource provides all the essentials as well as advanced techniques for dealing with troubled hotels. Most importantly, although the subject matter can be very complex, The Lenders Handbook is an easy read and a practical guide -- a permanent resource that you can refer to time and again.

It includes easy-to-use analytical tools to help identify, evaluate and select from a range of options described in detail.

The Lenders Handbook explains:

� Why hotels are so different than other troubled assets 
� How the hotel operating business is critical to the value of the asset and your recovery 
� Why failure to recognize certain crucial decision points can give away more than half the value of a hotel

It also addresses Hotel Franchise and Management Agreements -- How keeping or getting rid of a brand or operator can be one of the biggest factors in your hotel asset value. 

You will also want to look closely at two unique and innovative approaches our hotel lawyers have developed to enhance value in troubled hotels, our proprietary programs called:

� SAVE� program (Strategies and Approaches for Value Enhancement) 
� Enhanced Note Sale�

There is a lot more in The Lenders Handbook, too much to cover here, but don't miss the tips on

1. Two special "speed bumps" in hotel bankruptcies. 
2. How to restructure troubled condo hotels. 
3. Why closing that hotel may be the worst money-saving idea you ever had. 

We hope you like The Lenders Handbook for Troubled Hotels, and find it useful.

And I would also like to personally invite you to contact me if you would like to discuss any hotel issues or hotel strategies. 

It is easy to find my contact information . . . Just GOOGLE the words "hotel lawyer". 

I'm Jim Butler, asking you, "Who's your hotel lawyer?"

FREE DOWNLOAD -- The Lenders Handbook for Troubled Hotels -- full text of the 98-page book.
There is no catch. The full text of The Lenders Handbook for Troubled Hotels is available for your free download by clicking below:

The Lenders Handbook for Troubled Hotels

Although this download is free, the book is copyrighted and all rights are reserved. It may not be reproduced in whole or in part without written permission of JMBM's Global Hospitality Group®. If your colleagues would like a copy of the book, we ask only that they download their own copy here.

We also have a rich library of materials on hotel bankruptcies, receiverships and workouts available at www.HotelLawBlog.com at Workouts, bankruptcies & receiverships."

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Jim Butler is a founding partner of JMBM and Chairman of its Global Hospitality Group®. Jim is one of the top hospitality attorneys in the world. GOOGLE "hotel lawyer" and you will see why.  JMBM's troubled asset team has handled more than 1,000 receiverships and many complex insolvency issues. But Jim and his team are more than "just" great hotel lawyers. They are also hospitality consultants and business advisors. For example, they have developed some unique proprietary approaches to unlock value in underwater hotels that can benefit lenders, borrowers and investors. (GOOGLE "JMBM SAVE program".) Whether it is a troubled investment or new transaction, JMBM's Global Hospitality Group® creates legal and business solutions for hotel owners and lenders. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them. For more information, please contact Jim Butler at [email protected]. or 310.201.3526.