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Aries, Frontline, Four Corners Launch Hotel Receivership Platform
Neil Freeman and Aries Capital have partnered with Joshua Joseph and Matthew Tarshis of Frontline Real Estate Partners and Michael Shindler of Four Corners Advisors to launch a new joint venture, Frontline Real Estate Partners: Hospitality Division.
The JV intends to provide a beginning-to-end hotel receivership platform for financial institutions, banks, special receivers and debt fund servicers throughout the United States, Caribbean and Canada. It’s targeting hospitality properties ranging from $5 million to more than $100 million.
The three Chicago-based companies say the venture comes in response to the “unprecedented need for financing and receivership analysis, as well as expert guidance on how to best generate maximum recovery for lien holders in today’s crippled hospitality market.”
Although Frontline Real Estate Partners: Hospitality Division’s services are targeted to lenders, the JV can also help borrowers find strategic partners, rescue capital or creative financing to assist in workout negotiations with lenders.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
