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Serving hotel owners, investors and lenders.

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OVERVIEW
Frank K. Finneran & Co.
• Frank Finneran, following a successful career operating and developing hotels as an employee for others, formed the company (FKFCO) in 1990 to serve the needs of hotel owners, investors and lenders.

The company has directed several Workouts to reverse the fortunes of non-performing hotels. The company led the team that successfully guided the Monterey Sheraton through bankruptcy, reorganization, restructuring and conversion and Repositioning to the now successful Monterey Marriott Hotel.

Frank Finneran has served as court appointed Receiver and Examiner for "non performing" hotels. He was appointed as Arbitrator in a contentious management contract dispute between operator and owner.

FKFCO performs Operational Reviews and Marketing Audits for owners or lenders seeking to learn of opportunities for improvements in either operations or marketing of their hotel(s) or to validate the activities of existing management.

The firm has been retained by owners and operators to prepare Strategic Plans and to re-position the hotel(s) to meet the objectives of the owner. FKFCO prepared such a plan to assist the Bank of Hawaii in recovering their investment in the Kahala Hilton.

FKFCO acts as Asset Manager and owner's agent overseeing the owner's relationship with the hotel(s) management company. The firm interfaces with hotel management on matters related to the operation, budget, capital plans and other activities within the purview of the hotel owner. The company has acted in this capacity for MetLife on several of its properties as well as the owners of the Seattle Sheraton and Monterey Marriott hotels.

The company provides new hotel Project Development Services and is capable and experienced in every aspect of the hotel development process. Frank Finneran has served as Project Director and developed a number of new hotels from conception to completion and led the redevelopment of a number of older hotels. The firm has created the development concept, overseen its implementation and managed the design, construction, financing and outfitting of hotels ranging in size from 100 to 900 rooms. The company has negotiated management contracts, joint venture and partnership agreements as well as the loan agreements affecting the hotels it has developed.

FKFCO is prepared to assess the feasibility, create the development program, the project budget and to direct the architects, contractors, designers, and other consultants in addition to managing the purchasing and installation of the FF&E necessary to complete the project.

• Frank Finneran successfully directed such projects as the rehabilitation of The Plaza NY, Phase I, the 600 room addition to the St. Francis in San Francisco, the development of the 840 room Seattle Sheraton, the 350 room Monterey Marriott, Monterey, CA. and the 400 room Seattle Waterfront Marriott Hotel.

• FKFCO has assisted prospective buyers and sellers of hotels with Acquisition and Disposition Analysis of the value and the execution of the purchase or sale and other elements of due diligence related to a hotel transaction.

• FKFCO assists hotel owners and operators with Litigation Support as an expert on hotel matters. The company assisted Westin Hotels on a lawsuit involving the St. Francis Hotel and the owners of the Orange Beach Hilton in a dispute with the Hilton Corporation. • FKFCO has assisted institutional lenders in large hotel Financings with due diligence matters and analysis of the value of the proposed security as well as providing counsel and advice on various matters effecting the feasibility of the transaction.

• The firm considers civic and industry betterment efforts to be a part of its corporate responsibility to the community. In this regard Frank Finneran participates as a volunteer in numerous business and industry programs and associations such as the Seattle King County Visitors and Convention Bureau, the Seattle Sports and Events Council, the Washington State Convention and Trade Center, the Washington State Hotel and Motel Association and the Puget Sound Tourism Coalition, among others.
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