Amidst hospitality downturn Excend given mandate for sale of hotel and convention center
Barranquilla, COLOMBIA - June 3, 2020
Due to the global liquidity crisis and the overall downturn in the hospitality industry, the owner of a Hilton hotel and convention center enlists Excend to identify potential buyers and advise on the sale of the assets with the intention of generating liquidity for working capital for other business operations.
Amidst a global excess in supply of distressed hospitality assets Excend was nevertheless able to identify multiple potential buyers for this transaction
Excend provides investment banking services to middle market organizations.