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Distress Signals Opportunity for Asset Managers

Published Friday, February 26, 2010

Richard Warnick knows it’s a tenuous time for most in the hotel industry, but the president and founder of Phoenix-based Warnick + Co. is sitting in an enviable position. As one of the most experienced hotel asset management firms in the country, Warnick expects to double its asset management portfolio in the next three years, largely through the addition of distressed properties, as properties are reclaimed by lenders or taken over by new investors or servicers. Warnick’s firm also offers consulting, investment banking, development and renovation management. It’s asset management portfolio features 23 ...

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