Grabow Properties, LLC / Quality Inn Maingate, Davenport, FL
Case # 8:09- bk- 16388- KRM
Managed Hotel through BK, revenues rose by $300,000.00 in first year, brought investor in (Ashiq Ali) that provided post petition financing / loan to be converted as equity. Hotel plan confirmed. Eventually investor sold hotel couple years later.
Namal Enterprises, LLC / Red Roof Inn Lake Buena Vista South, Kissimmee, FL
Case #: 8:10-bk-11988-MGW
Managed hotel through bankruptcy turned around financial performance. 45% increase in revenues over previous year. Performed repairs and improvements totaling $400,000.00 in addition to doing some future upgrades and updates. Loan claim converted to equity, operating hotel.
Tarpon Lakeside Development Inc. / Lake Tarpon Resort, Tarpon Springs, FL
Case #: 8:11-bk- 17475-KRM
Managed hotel through BK, revenues grew by over 40%, hotel profitable for first time in 4 years. Loaned $180,000.00 to hotel to make cash collateral payments. Case dismissed.
Shiv Hotels, LLC / Travelers Inn, Dundee, FL
Case #: 8:12-bk- 15890 – MGW
Opened a closed down hotel with several violations. Restored Operations and Managed hotel through bankruptcy, successfully confirming bankruptcy plan. Hotel converted to Red Roof brand. Loaned over $550,000.00 to company through bankruptcy court.