Five property, multi-state, limited hotel service operator.
Retained as pre-bankruptcy consultant to analyze operations and financial performance prior to filing for Chapter 11 bankruptcy protection for five-property, multi-state, limited service hotel operator. Properties include:
- Best Western in Wyoming – 60 Rooms
- Best Western in Arizona – 85 Rooms
- La Quinta Inn and Suites in Colorado – 64 Rooms
- Super 8 Hotel in Wyoming – 48 Rooms
- Quality Inn in Wyoming – 131 Rooms
Resolute was also hired to provide expert witness testimony in support of borrower’s plan for reorganization. Testimony is expected with regards to competency of operator to manage the business, reasonableness of cash collateral agreement and feasibility of the plan of reorganization.
Resolute is currently engaged in the process.