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Welcome to Horwath Hotel, Tourism and Leisure consulting. Horwath HTL is the world\'s largest consulting organization specialized in the hospitality industry, with 47 offices in 37 countries.
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Partners For Success With
Horwath HTL
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Horwath HTL Office Locations
San Francisco, CA – U.S. Corporate Headquarters
U.S. OfficesAtlanta, GADallas, TXDenver, COLos Angeles, CAMiami, FLPhoenix, AZ
Horwath HTL Offices Worldwide50 Hospitality Offices in 30 Countries
Crowe Horwath International C.P.A. Offices380 Offices Worldwide
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Horwath HTL – U.S. Professional Staff
Western RegionJoel Hiser - Principal
Veno Nathraj – Principal
Tony Dimond – Principal
Corey Limbach – Managing Director
David Dean – Managing Director
James Burkhouse – Managing Director
Vijay Naik – Managing Director
Albert Yu – Director
Florida Booth – MAI
Yatish Nathraj – Associate Broker
Greg Garver – Associate Broker
Eastern RegionMark Beadle – Principal
Steve Taylor – Managing Director
Central RegionJohn Montgomery – Sr. Managing Director
Rick Besse – Sr. Managing Director
Bill Kottenstette – Managing Director
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Client Representation – Partial Listing
Hotel CompaniesAccor HotelsAmerican Property ManagementCanyon Country HospitalityDestination Hotels & ResortsHilton Hotel CorporationInterContinental Hotel GroupInterstate Hotels & ResortsKor Hotel GroupMarriott Hotels & ResortsMillennium & Copthorne PLCOmni HotelsOutrigger Hotels & ResortsPacifica HospitalityPrime Hospitality CorporationRegal Hotels InternationalRichfield Hospitality ServicesStarwood Hotels & ResortsWyndham International
Owner/Development CompaniesAmstar GroupCalifornia Mortgage & Realty, Inc.City of Austin, TexasCity of San Jose, CACity of Sacramento, CAContinental DevelopmentCounty of Los Angeles, CAColumbus PropertiesHines DevelopmentJackson Hole Resort CorporationJohn Hancock InsuranceKawasaki Enterprises, Inc.LNR PropertiesMorgan Stanley Real Estate FundMetropolitan Life InsuranceThe Opus Group
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Client Representation – Partial Listing
Financial InstitutionsAetna Realty Investors, Inc.Anglo Irish BankBank MidwestBank of AmericaBank of the RedwoodsBank of EgyptCalifornia Federal BankCanyon Capital Realty AdvisorsCentral Pacific BankConnecticut General Life InsuranceEssex TrustFederal Deposit Insurance Corp.Glendale Federal BankGMACGrand Pacific Financial Corp.Hall Financial GroupHibernia Bank
Hong Kong Shanghai BankIndustrial Bank of JapanJohn Hancock Life InsuranceMidland BankMitsui Bank and TrustMutual of New YorkORIXPNC BankPrudential InsuranceRockbridge Real Estate FundRoyal Bank of ScotlandSaehan BankScotia CapitalTemecula Valley BankUS BancorpWells Fargo BankZurich Insurance
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Horwath HTL Company ProfileHorwath HTL is a full service real estate company focused exclusively on the hospitality industry. We offer our clients a strategic array of value enhancing services including:
Asset Management Services
Receivership and Trustee Services
Hospitality Real Estate Consulting
Valuation/MAI Appraisals and Litigation Support
Project Management
Affiliated Company Services:
Hotel Brokerage
Hospitality Property Management
Hotel Financing
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Asset Management ServicesAs asset managers we act to ensure that all interests of the owners are protected
Oversight of existing management company
Property reviews including local hotel market overview and competitive strengths and weaknesses
Compliance reviews of leases, franchise and management agreements, loan documents, etc.
Management and franchise company selection services and contract negotiation
Capital expenditure project review, approval and implementation oversight
Service contract and lease negotiation
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Receivership ServicesAs court appointed receivers we act in the best interest of a property’s creditors to ensure that their financial interests are protected and correctly accounted for.
We provide oversight of the management company and its day to day operation of the property.
Where appropriate we negotiate with franchise companies to postpone or delay any scheduled product improvement plans as well as any punitive actions planned on their part.
Over 60 receivership assignments including individual hotels, inns, resorts and hotel portfolios.
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Receivership/Asset Management Assignments Colorado Minnesota N. Dakota Illinois New YorkHilton Hotel South, Denver Radisson South, Minneapolis Dakota Inn, Jamestown Park Hyatt, Chicago Omni Berkshire Place, New York City
Millennium Harvest House, Millennium Hotel, Minneapolis Sheraton Walden, Schaumberg UN Plaza Hotel, New York City
Boulder Knickerbocker Hotel, Chicago Sheraton, Buffalo
Comfort Inn, Vail Washington Howard Johnson, Colonie
Quality Inn, Colorado Springs Sheraton, Tacoma Wisconsin Michigan New HampshireCharter at Beaver Creek, Vail Marriott, Milwaukee Hilton Hotel, Troy Hilton, Merrimack
Utah Kansas Indiana MassachusettsHilton, Salt Lake City Doubletree, Clarion Resort & Marina, Omni Parker House, Boston
Comfort Inn, Salt Lake City Overland Park Monroe Bostonian Hotel, Boston
Nevada Four Seasons, Boston
Bourbon St. Hotel & Casino, New Jersey
Las Vegas Marriott, Somerset
Northern California Ohio
Hayes Mansion Conference Marriott, Cleveland
Center, San Jose Mariott, Columbus East
Marriott, San Francisco Airport Millennium, Cincinnati
Hyatt Regency, Burlingame Four Points, Cincinnati
Biltmore Hotel, Santa Clara Aurora Inn, Aurora
Westin Hotel & Convention Center, Santa Clara Westin, Columbus
Four Points, San Rafael Residence Inn, Columbus
The Donatello Hotel, San Francisco Washington, D.C.Holiday Inn, San Rafael Park Terrace Hotel
Hilton, Sunnyvale MissouriClarion, Sacramento Millennium, St. Louis
Residence Inn, Sacramento Doubletree, St. Louis
TennesseeMillennium Maxwell House, Nashville
Southern California Arizona Arkansas Alabama Days Inn, Nashville
Loews Coronado Bay Hotel, San Diego El Conquistador, Tucson Residence Inn, Little Rock Marriott, Pt. Clear Residence Inn, Nashville
Biltmore Hotel & Office Tower, Los Angeles Park Inn, Tucson Hampton, Little Rock Marriott, Huntsville Marriott, Nashville
Doubletree Hotel & Marina, San Pedro Quality Inn, Phoenix Hampton, Birmingham North CarolinaMarriott, Los Angeles McCormick Ranch Resort, Scottsdale New Mexico Marriott Crabtree Valley, Raleigh
Marriott, Long Beach Renaissance, Mesa El Dorado Resort, Santa Fe Florida Hyatt Regency, Winston-Salem
Embassy Suites, Buena Park Sheraton, Tempe Hampton, Albuquerque Sheraton, Key Largo Sheraton, Durham
Holiday Inn, Buena Park Plaza Hotel, Tucson Bonaventure Resort and Spa, Foxfire Resort, Pinehurst
Quality Inn & Suites, Lompoc Embassy, Phoenix Ft. Lauderdale Ramada, Fayetteville
Marriott, Ontario Embassy, Tempe Marriott Sawgrass, Ponte Vedra South CarolinaRadisson, La Jolla Hilton Hotel, St. Petersburg Hilton, Greenville
Residence Inn, Ontario Texas The Mutiny Hotel, Miami GeorgiaHoliday Inn Express, Rancho Cucamonga Hyatt Regency, Austin Marriott West Shore, Tampa Hyatt Regency Ravinia, Atlanta
Ramada, Indian Wells Mariott Quorum, Dallas Hilton Garden Inn, Tampa North Country Inn & Suites, Atlanta
Ramada Suites, Santa Maria Four Seasons, San Antonio Radisson River House, Miami Hampton Inn, Atlanta
Sheraton LAX, Los Angeles Four Seasons, Houston Park Inn & Suites, Bradenton Holiday Inn, Albany
Marriott Riverwalk, San Antonio Sheraton, Kissimmee Holiday Inn, Brunswick
Hilton Hotel Dallas Parkway, Dallas Residence Inn, Altamonte Springs
Park Central Marriott, Dallas Sheraton, New Port Richey
Sheraton Park Central, Dallas Hilton, Gainesville
Holiday Inn, Dallas Hilton, St. Petersburg
Clarion, Ft. Worth
Hawaii Radisson Crest, Austin
The Ilikai, Waikiki Hampton Inn, Dallas
Outrigger Ala Wai Tower, Waikiki Sheraton Mockingbird, Dallas
Seaside Suites, Waikiki Marriott Park Central, Dallas
Tradewinds, Waikiki
Ala Wai Gateway, Waikiki
Marriott Resort, Kona Coast
Outrigger Waikiki, Honolulu
Outrigger Reef, Honolulu
Outrigger East, Honolulu
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Receivership Assignments
Westin Hotel and Convention Center Santa Clara, CA Hyatt Regency Bonaventure Conference Center
Weston, FL
Portfolio of 10 Days Inns
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Hospitality Real Estate ConsultingOur staff of consultants have extensive operational, marketing and revenue management experience and can provide a variety of hospitality asset related services.
Market feasibility studies and financial projections
Monthly and annual operating cash flow estimates
Repositioning strategies and analysis
Due diligence reviews and underwriting
Financial analysis
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InterContinental Hotel
San Francisco
Consulting Assignments
Four Seasons Resort
Jackson Hole
Hyatt Regency Denver
Grand Hotel Marriott Resort Point Clear, AL
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Valuation and MAI Appraisals Asset ValuationsFIRREA AppraisalsBroker Opinions of ValueAsset Allocation
Litigation Support Seasoned Industry ProfessionalsCertified Public AccountantsMAI and Valuation Services
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Aloft Hotel – Franklin, TN
Resort at Squaw Creek, Olympic Valley, CA
Valuation Assignments
Hotel Valencia San Jose, CA
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Project Management/DevelopmentDevelopment completion or PIP renovationOversight of the following:• GC and sub-contractors • Architectural and engineering team• Interior design team• Purchasing agent • FF&E installation
Approval of necessary change-ordersApproval of project drawsSelection of a brand and management companyEnsure that the project is completed on time and within budget.
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Project Mgmt. Assignments
Sheraton Parkway 75 – Atlanta, GA
Millennium Bostonian Hotel – Boston, MA
The Charter at Beaver Creek Beaver Creek, CO
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Brokerage ServicesOur associates were first trained in the hotel industryand then transitioned to real estate brokerage.We become intimately familiar with the listed hotel asset.We develop complete and thorough offering memorandums.We conduct all property tours in person.We relay current market conditions to our clients in an effort to inform and not persuade. All associates work as one team and all are fully knowledgeable of all details of each assignment undertaken.
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Brokerage Marketing Methods
Direct mail
Trade shows
Internet listings
Shared database
Utilize international offices to identify foreign buyers
Share information among divisions to support cross selling worldwide
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Completed Select Service Transactions – Partial List
Colorado Illinois MichiganComfort Inn, Avon Ramada Hotel, Oakbrook Terrace Hampton Inn, New YorkQuality Inn, Colorado Springs (Chicago) Sault Ste. Marie Best Value Inn, BuffaloHampton Inn, Colorado Springs Best Western, Schaumberg Holiday Inn Express, Western Inn, Denver Ramada Inn, Bloomington Poughkeepsie
Candlewood Suites, RockfordUtah Ohio MassachusettsMicrotel, Salt Lake City Indiana Pine Lake Club Days Inn, BurlingtonComfort Inn, Salt Lake City Days Inn, SellersburgBest Western, Delta New Jersey
Best Western, PiscatawayNorthern CaliforniaHoliday Inn Express, Corning MarylandAmeriSuites, Dublin Ramada Hotel, AnnapolisCartwright Hotel, San FranciscoRoadway Inn, South Lake Tahoe KentuckyHoliday Inn Express, Tracy Best Western, LexingtonHoliday Inn Express, SacramentoQuality Suites, Millbrae TennesseeComfort Inn, San Mateo Residence Inn, NashvilleOrchard Garden Inn, San Francisco Days Inn, NashvilleComfort Inn & Suites, Crescent City Continental Inn, Nashville
Southern California MissouriAnaheim Lodge, Anaheim Hampton Inn, St. LouisHoliday Inn Express, Century City Independent, Kansas CityRamada Inn, Santa AnaComfort Inn & Suites, Anaheim Arizona North CarolinaRadisson CI & S, Ontario Best Western, Green Valley Sleep Inn, YadkinvilleDesert Inn, Lancaster Comfort Inn, Phoenix MississippiSaddleback Inn, Norwalk Howard Johnson, Tucson Biloxi Beach Resort, Biloxi GeorgiaDays Inn, Banning Travelodge Metro Center, Phoenix Holiday Inn Express, Gulfport Holiday Inn Express, BaxleyHampton, Arcadia Park Inn, Phoenix Holiday Inn Express, Biloxi Comfort Inn, AtlantaEconolodge, National City Motel 6, Phoenix Microtel Inn & Suites, Meridian Residence Inn Perimeter, AtlantaDays Inn, Barstow Independent, Phoenix Hampton Inn (Northlake), AtlantaFairfield Inn, Ontario Alabama Best Western, SavannahBest Western, Blythe Best Western, MontgomeryEconomy Inn, Blythe Texas Ramada Inn, Madison FloridaHampton Inn, Anaheim Hampton Inn, (Addison) Dallas Residence Inn, Altamonte SpringsTravelodge, Buena Park Days Inn, Irving Oceanside Inn, Cocoa BeachBest Western, Ontario Tradewinds Motor Hotel, Wichita Falls Island Inn, St. Augustine
Holiday Inn Express, Hillsboro Park Inn, BradentonRamada Inn Midtown, Ft. Worth Wynfield Inn, KissimmeeHoliday Inn Express, Abilene Wynfield Inn, OrlandoTownPlace Suites, Plano Independent, Miami Beach
Independent, Miami Beach
HawaiiSeaside Suites, WaikikiAla Wai Terrace, Waikiki
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Completed Full Service Transactions – Partial List
Minnesota N. Dakota New YorkMillennium Hotel, Minneapolis Dakota Inn, Jamestown UN Plaza Hotel, New York
Colorado Hilton Airport, Minneapolis Four Seasons, New YorkMillennium, Boulder Holiday Inn Central, Bloomington Illinois Four Points, Buffalo
Millennium Knickerbocker, ChicagoUtah Michigan ConnecticutSheraton, Salt Lake City Hotel St. Regis, Detroit Wisconsin Radisson, EnfieldHoliday Inn, Salt Lake City Sheraton Inn, Detroit Holiday Inn Centre City, Green Bay
Iowa Holiday Inn, Hurley MassachusettsNorthern California Holiday Inn, Des Moines Bostonian Hotel, BostonInterContinental Hotel, Holiday Inn, MuscatineSan Francisco New JerseyHilton, Sacramento Sheraton Hotel, NewarkRadisson Airport, San JoseOrchard Garden Inn (land), SF IndianaHotel Valencia (land), San Jose Clarion Hotel & Marina,Clarion, Sacramento BloomingtonHoliday Inn, San Rafael OhioQuality Inn & Suites, San Mateo Millennium, Cincinnati
Aurora Inn, AuroraSouthern CaliforniaFour Points by Sheraton, San Diego TennesseeBiltmore Hotel & Office Tower, LA Regal Maxwell House, NashvilleRadisson LAX, Los AngelesMarriott Hotel, Ontario MissouriHoliday Inn, Thousand Oaks Park Place Hotel, Kansas CityBest Western, Long Beach Quality Inn, St. CharlesSheraton Mission Valley, San Diego Doubletree, St. LouisRadisson, La Jolla Arkansas Millennium, St. Louis
Arizona Holiday Inn, AlabamaMcCormick Ranch Resort, Scottsdale Arkadelphia Holiday Inn, North CarolinaRadisson Hotel, Scottsdale Homewood Sheraton, Durham
Texas Louisiana GeorgiaRadisson, Dallas Mississippi Holiday Inn, Metarie Georgian Terrace, AtlantaWyndham, San Antonio Holiday Inn, Gulfport Best Western, ValdostaHoliday Inn, Dallas Holiday Inn Airport, Gulfport
Hawaii Clarion, Ft. Worth FloridaMarriott Wailea Resort, Maui Radisson, Austin Hilton Garden Inn, Tampa NorthParkside Hotel, Waikiki Holiday Inn Lubbock South, Lubbock Four Points, KissimmeeDoubletree Alana, Waikiki Holiday Inn, Pecos Inn on the Beach, Daytona BeachOutrigger Luana, Waikiki Crowne Plaza, San Antonio Holiday Inn, Plantation
Holiday Inn, Jacksonville
Dominican RepublicCanoa Coral Resort, Dominican RepublicHamaca Coral Resort, Dominican RepublicMarien Coral Resort, Dominican Republic
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Radisson - Springfield, CT
Hilton Garden Inn – Tampa, FL Fairfield Inn – Ontario, CA
Maxwell House Nashville, TN
Brokerage Assignments
Four Seasons New York
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Why Choose Horwath HTL
We partner with our clients.
We recruit only experienced industry professionals.
We inform and involve every team member.
We communicate constantly.
We always work as a team.
We have a national network with worldwide reach.
We get results!
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Thank You
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