---
title: Gwinnett County Hotel Owner in Distress
description: "Hotel Borrowers Caught In ‘No Man’s Land’ As Default Looms  
 By Denise Kalette, NREI Managing Editor 
 Some hotel borrowers are venting their frus"
---

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# Gwinnett County Hotel Owner in Distress

Posted by [Daniel Jones](https://www.fair-assessments.com/blog/author/daniel-jones) on Mar 29, 2011 5:24:00 PM

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**Hotel Borrowers Caught In ‘No Man’s Land’ As Default Looms**

By Denise Kalette, NREI Managing Editor

Some hotel borrowers are venting their frustration over special servicers’ unavailability for advice at the same time the hoteliers face the threat of default. “I’m in no-man’s land,” fumed Nitin Shah, president of Imperial Investments Group in Norcross, Ga. at the 23rd annual Hunter Hotel Investment Conference held recently in Atlanta.

Shah was frustrated at the prospect of spending $1 million on hotel improvements such as an upgraded lobby and new flat-screen TVs at his Imperial Hotels while facing a maturing $10 million debt. Falling property values and cash flow concerns over the last three years have affected his ability to repay the maturing debt next year, he said.

It could be helpful to him to talk with a special servicer about ways to restructure or modify his debt, but as panelists at a conference seminar on special servicers pointed out, borrowers are not allowed to talk with the special servicer unless they are actually in default or a default is imminent…

[http://nreionline.com/news/hotel_borrowers_caught_0323/](http://nreionline.com/news/hotel_borrowers_caught_0323/)

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