Saturday, May 28, 2011

Hotel Bankruptcies - Tucson, Arizona

In sunny Tucson, it's easier to count the luxury hotels that are " toes up " than the ones that are doing good business at all.
    Let's talk about the much vaunted Doubletree Hotel on south Alvernon Way in the geometric center of Tucson. Yesterday's news reports in the Arizona Daily Star say that hotel will now to into bankruptcy to avoid an auction sale which was due in two months, July 2011.
   We are talking about what was once the premiere convention hotel in town less than 30 years ago. Today it missed over 20 million in loan payments. Now in bankruptcy, a hint to folks who are thinking of a job in a hotel in bankruptcy: ANY hotel in bankruptcy.
    Do not do it. I have personal experience here. If you are in sales - leave. If you are desperate for a job, and this presents an opening for you - go to Circle K. Having a hotel on your resume that was in bankruptcy is poison for downline interviews, especially if your responsibility is in sales.
   First question; ' tell me, how did you influence the financial outcome of your hotel, since they eventually went bankrupt?" PS you don't want to work for the GM who asks you that question, anyway, he loves to pin the tail on YOU, donkey, so stay away.
   Most of the hotel sales people who are in place during the bankruptcy will stay there, probably, but, getting money for promotions, outside sales activities, travel, and other such normal duties will be cut, or eliminated all together. Sales calls, locally, look to hanging leaflets in parking lots, local blitzes, 1960's stuff, phones, phones, phones.
   Boring, boring. Warm up your resumes, no matter what the GM says, which during this period if you're still there, your newest best friend will be the GM, warm, friendly and fuzzy. It's not a bad idea to play best-friend, too, for as long as it lasts.
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