Back in January, RevPAR International launched its L3 Services platform to aid lenders, lawyers and loan servicers in dealing with troubled hotel assets. In recent months, Richard E. Pastorino, principal of the Vienna, VA- based advisory firm, has a seen a “meaningful” upswing in assignments, mostly related to the debt side.

“It is an indication to us, based on the nature of the work we were doing, that lenders have decided to move forward and start to clean up what they had been putting off for some time.” In other words, after months of sitting on the sidelines, lenders may be gearing up to resolve-in some fashion-the troubled hotel assets they have on their books.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.