Days Hotel Scottsdale, AZ
DFG successfully structured a DIP (debtor in possession) sale and financing of the Days Hotel Scottsdale located in Old Town Scottsdale, AZ in an initial transaction value of approx. $11.3M. DFG played a key role in the negotiation, structure, and receipt of final BK court approval of the debtor's Chapter 11 Plan of Reorganization allowing the buyer, Glacier House Hospitality, to purchase the Days Hotel Scottsdale.
Glacier was then able to successfully re-position the property and sell the asset in a total transaction valued in excess of $19M. The property is now the Adeline Hotel Scottsdale.