Paramount and Hardisty Baxter Form Distressed Hospitality Services Group
AUGUST 28, 2009 - Paramount Lodging Advisors and Tishman Realty & Construction Alums Michael Hardisty and Philip Baxter, who earlier this year formed Hardisty Baxter, are teaming up to open a new office of Paramount Lodging Advisors in Southern California.
With Hardisty Baxter, whose partners' collective experience includes over $1 billion in successful REO workouts of complex hotel and resort assets for institutional owners, PARAMOUNTTM adds real depth in large complicated hospitality solutions to its already broad range of services. Together they offer the comprehensive real estate services necessary for owners, lenders, and special servicers to get control of and make sense of distressed hospitality assets.
The current circumstances are like the early 90's, only worse. The expert support that buyers, sellers, owners, and lenders need to sort through the many variables to recover and harvest value, find the right opportunities, and create and execute the optimal strategic plan is now under one umbrella with PARAMOUNTTM.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
