Virginia Beach based hospitality management and consulting company, Denton
Hospitality (www.dentonhospitality.com), was appointed Receiver for the financially challenged Howard Johnson hotel in Newport News, VA.
Edward Denton, President of Denton Hospitality, noted, "Unfortunately, there are a growing number of hotels in default on loan and franchise agreements across the country. Our firm is poised to assist lenders by protecting their collateral and by providing meaningful asset and operational assessments that guide decisions on how to maximize the property value.”
Denton Hospitality is tasked with evaluating the asset’s capital improvement needs, negotiating with the franchise representatives and managing day-to-day operations. The company will provide the lender with a complete physical property assessment that details both urgent and optional improvements, and will assess the market positioning and offer recommendations to improve revenues at the struggling property.
Newport News Howard Johnson Express is a select service hotel conveniently located just two miles from the major Newport News/Williamsburg Airport that serves the popular Colonial Williamsburg, Busch Gardens and Virginia Beach vacation destinations. The property offers guests a fitness center, seasonal swimming pool, free high-speed Internet, and in-room microwaves and refrigerators.
Denton Hospitality manages lodging properties and provides consultancy services to owners, investors and financial institutions. The leadership team at Denton Hospitality has extensive experience in all aspects of lodging management, including various brands and geographic markets. The company’s services include full service property management, as well as sales and market analysis,