SAN FRANCISCO, CA (October 27, 2020) – Perry Group International (PGI) is pleased to announce it has formed a strategic alliance with nationwide hotel management firm Packard Hospitality and hotel investment and management firm Quay Hospitality to provide a “one-stop-shop” of hotel receivership, management and real estate services across the USA. PGI and its alliance provide both cost-effective and results-oriented services for lenders, investors, owners, and their legal and real estate professionals.
PGI President Dennis Gemberling who has significant management expertise in hotels, resorts, restaurants, bars, nightclubs, and mixed-use real estate nationwide including as a Court Appointed Receiver in Federal and State Courts says “I’m excited to be joining forces with Packard and Quay. Our combined 100 plus years of hospitality sector expertise allows us the unique ability to develop and execute strategic plans for underperforming and distressed hotels and resorts and related businesses and administer and manage receiverships that increase values during foreclosure and disposition.”
PGI and its alliance simplifies receiverships by helping clients protect hotel assets while obtaining the best financial outcome and return on distressed hotel loans.
About The Packard Companies
Purchased in 1998 by Michael and Carrin Goldstein, The Packard Companies is a full-service, turn-key operator with over 800 employees. It encompasses three divisions, 25 hotels, 21 associations, 15 commercial projects, and one of the largest San Diego marinas. Packard’s creative strategies and innovative problem-solving techniques are designed to meet the specific business needs and goals of any property owner, lender, investor, or community.
About Quay Hospitality
With operating experience through every level of the hotel industry in both domestic and international markets, Quay Hospitality is dedicated to guiding the efforts and protecting the interests of hotel owners, lenders, and investors. From due diligence through every phase of ownership, Quay provides asset management services that enable clients to make informed decisions and successfully execute them to enhance a hotel’s value.
About Perry Group International
Since 1985, Perry Group International has provided receivership, management, consulting, and advisory services to over 400 properties across North America, sharing its expertise on all aspects of development, oversight, and exit strategy implementation. With offices in San Francisco, Los Angeles, and San Diego, the firm helps owners, lenders, investors, and legal and real estate professionals during receivership and reorganization, restructuring and workouts, and troubleshooting for distressed and under-performing hospitality properties and businesses.