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C&W offering new service.


Cushman Cushman is a manufacturer of industrial vehicles, personal vehicles, and other custom vehicles, including parking patrol auto rickshaws. Models
Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck)
 & Wakefield Wakefield, estate, United States
Wakefield, family estate of George Washington, on the Potomac River, E Va.; part of the

George Washington Birthplace National Monument (see National Parks and Monuments, table).
 announced recently that it is offering hospitality asset recovery services for its clients nationwide. Through this service, the firm is assisting investors and hotel owners in the acquisition and disposition of distressed hotel properties and mortgages collateralized by lodging Lodging or holiday accommodation is a type of accommodation. People who travel and stay away from home for more than a day need lodging mainly for sleeping. Other purposes are safety, shelter from cold and rain, having a place to store luggage and being able to take a  facilities.

Cushman & Wakefield is advising investors in sourcing and acquiring under-performing hotel assets and mortgages in single assets, portfolios, and hotel companies. The firm is also advising owners of distressed hotel properties in the disposition of individual portfolios of properties and mortgages.

The service is managed by real estate professionals from the firm's structured finance and hospitality industry groups. Daniel Daniel, book of the Bible
Daniel, book of the Bible. It combines "court" tales, perhaps originating from the 6th cent. B.C., and a series of apocalyptic visions arising from the time of the Maccabean emergency (167–164 B.C.
 Lesser, senior director of C & W's hospitality industry group, and Michael Rotchford, senior managing director of the structured finance group, are leading this effort. Both are based in the firm's headquarters in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

"We are responding to requests from our clients to bring together our unique combination of financial structuring and hospitality expertise to resolve complex real estate and capital markets issues," Lesser said.

"This service is providing significant value to our clients in the hospitality industry," said Rotchford.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 20, 2002
Words:182
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