REH Capital Partners LLC and Algon Group Strategic Alliance Gains Momentum

FT. LAUDERDALE, Fla., Nov. 14 ,2012 /PRNewswire/ -- The Algon Group, one of the country's top boutique financial advisory and restructuring firms and REH Capital Partners, one of the leading real estate and hospitality consulting and advisory firms announced the formation of a strategic alliance back in November of 2011.  Since forming the venture, the REH/Algon alliance has been very active in advising clients on a number of strategic matters.

Currently, the REH/Algon team is advising the owners of a $400 million+ luxury resort located in the Latin American & Caribbean Region on a potential restructuring/ recapitalization that includes both hospitality assets and substantial vacation real estate development activities.  In November 2011, shortly after forging the Alliance, the Algon/REH team advised Bluegreen Corporation, a $200 million publicly traded timeshare company on strategic alternatives for its Communities Division which culminated in a $29 million divestiture and concurrent retirement of related debt in May of 2012.

The Algon Group, founded in 2002, is a "deal oriented" firm providing distressed M&A/advisory services and has substantial restructuring experience both "out of court" and in bankruptcy. Algon's senior team has also served as interim CEO, CFO or CRO when requested by clients or their legal advisors to do so. Some of the firm's most notable recent assignments have included the Related Group ($2.1 billion), Core Communities ($375 million) and Cabi Downtown Development ($256 million).

REH Capital Partners, founded in 2001, is known for its strategic advisory capabilities, especially in the hospitality segment.  REH is led by Frank Nardozza, a former partner and National Real Estate and Hospitality Consulting Practice Leader at KPMG. Frank, a 35 year hospitality veteran, has advised on over $15 billion in real estate and hotel related transactions and has been involved in various roles in some of the industry's highest profile bankruptcies, restructurings and litigation situations. Some of the firm's more notable assignments have included serving as financial and litigation expert advisor to the owners of the former Four Seasons Aviara Resort in Carlsbad, CA; bankruptcy and litigation advisors to the owners of the former Edition Hotel in Waikiki Beach, Hawaii; strategic hospitality advisor to one of world's largest sovereign wealth funds on its planned North American investment platform; and advisor to a leading luxury hotel brand on a $2.3 billion asset disposition strategy.

"As we anticipated, the market's response to the combination of our hospitality expertise with Algon's transactional/restructuring skill-set has made us a unique resource to stakeholders faced with challenging or distressed hospitality situations" said Frank Nardozza, CEO of REH Capital Partners.  He added, "Sophisticated clients understand the strategic value we bring over many of the big national firms".

Troy Taylor, founder and President of the Algon Group said, "We believe that the Algon/REH team is a very strong resource for distressed hospitality industry stakeholders who require aggressive, creative and 'outcome oriented' advisors."

REH CAPITAL PARTNERS, LLC

REH Capital Partners, LLC is a national investment and advisory services firm whose primary focus is on the real estate and hospitality industries. The firm is led by former "Big Four" professional service firm partners and senior executives dedicated to fulfilling the diverse needs of clients requiring seasoned real estate and hospitality know-how and capabilities, personalized attention, and highly tailored business solutions. REH provides transactional advisory services, capital raising assistance, project planning services, litigation support, economic analysis, and strategic advisory services to a wide range of public and private sector clients, and a full array of stressed asset services including loan restructuring, insolvency, recovery, and turn-around advisory services.

REH Capital Partners has two primary offices located in Fort Lauderdale, Florida (headquarters) and Los Angeles, California. In addition, REH Capital Partners is supported by affiliate and alliance firms and representatives throughout the US and worldwide.

For more information, visit our website at www.rehcp.com.

ALGON GROUP

Algon Group is a specialized financial advisory firm that provides sophisticated financial analysis and advisory services to debtors, creditors, equity holders, Board of Directors and third party constituencies. Our expertise lies in our ability to effectively guide clients through complex, challenging, financially distressed and or bankruptcy situations. Each of our professionals has decades of industry and investment banking experience which uniquely positions us to assess situations, negotiate difficult deal points and source external funding where necessary. Our team has handled over $3 billion of real estate debt restructurings in the last 18 months on behalf of owners, developers, homebuilders, investors, private equity funds and lenders. Our experience crosses all asset classes – office, retail, residential, (including 5000 + condominium units) and hospitality. Algon's professionals are exceptionally skilled at resolving financially distressed real estate situations. Our goal is to help maximize recovery levels to our clients.

The firm has a nationwide footprint with professionals in Atlanta, Birmingham, Charlotte, Philadelphia, and Tampa. Our assignments have taken us worldwide.

For more information, visit our website at www.algongroup.com.

SOURCE Algon Group



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