144 strata room hotel, 18 hole PGA championship golf course, 25 residential lots and a waste water treatment plant owned by the shareholders of Asset Resolution Limited. Hotel trading at 50% occupancy, golf course not viable and losses exceeding $1m per annum. Improved hotel, relaunched golf course and membership structure, close water treatment plant and successfully sold the asset at a premium to valuation.
Storage facility that was overcapitalized resulting in vacancy issues, manager and owner had limited storage facility experience. Negotiated put and call option with a new operator to exit asset with business eventually sold to new operator above valuation.