I'm interested in distressed hotel transactions, and would like advice from someone who has done this please.
The answer to your questions depends of what you're looking for. If you wanted limited service distressed hotels, try the Asian American Hotel Owners Association. If you want full service hotels, you will need to check with CMBS servicers like CIII, CW, Midland, KeyBank. Either way, I strongly recommend a broker or partner to help you sort through your REVPar, ADR, and Occupancy projections.
Happy to give a few personal recommendations depending on what you're looking for.
Happy hunting.
MK
