Tips for lenders choosing hotel management

Gilles Arditi

When a lender takes over a hotel in foreclosure - an occurrence that's more and more common these days around Florida - it can be quite an intimidating task.

Most lenders have little experience in the hotel industry, and don't know where to begin in finding a top-notch hotel management company.

And with the Florida hotel industry facing unprecedented challenges - take a terrible economy, a freezing winter, combined with the impact of the Gulf oil spill, and you get the picture - improving a hotel's performance isn't easy.