Bringing 360° thinking
to transactional challenges.

hospitality transactions consulting

Statement of Purpose

Four Corners Advisors serves developers, owners and investors who must navigate through the development, transactions and operations aspects of the hotel and casino industry, both domestic and international. Four Corners Advisors assists sophisticated real estate developers and investors who do not have a commensurate level of sophistication in the hospitality space and acts as their “hospitality expert” in programming, creation of a vision for a particular hospitality asset or selection of brand and management, whether for new construction or acquisition, and can continue its advisory through the operations process.

The principal of FCA, Michael Shindler, has over 40 years of sophisticated legal and transactional experience in commercial real estate, of which the last 30 years have been spent in the hospitality field.


Four Corners Advisors, Inc. (FCA) is a consulting firm operated from July 2007 through January 2010, and relaunched as of May 3, 2014, that specializes in providing:

  • strategic level advisory services to owners, investors, developers, and operators strictly in hospitality transactions (acquisitions [including by management contract], development, restructuring and asset management)
  • asset evaluation and assessment
  • transactional and organizational structuring

FCA places particular emphasis on assisting owners and developers (a) in evaluating the best uses for their properties or target acquisitions, (b) by providing preliminary programming information, concepts and vision statements to its clients and clients’ design consultants, (c) by identifying appropriate potential brand and management company for a given situation, (d) in the negotiations of term sheets, LOI’s, and management agreement documentation and (e) in providing workout and restructuring strategy and advice. Additionally, FCA offers executive level strategic consulting on a variety of transactions related to the hospitality industry.


Four Corners Advisors, Inc. offers its services in any of the following areas:

  • Acquisition, development, disposition, minority investment: analysis, strategy, negotiation, framework, structuring
  • Borrowing advisory and negotiation
  • Workout strategy and negotiation
  • Site selection and development planning
  • Management Agreement RFP, selection, advisory and negotiation
  • Management Agreement analysis and support (including benchmarking)
  • Franchise advisory, RFP, selection and negotiation
  • Asset management and portfolio management (including advice in establishing a system of reporting and benchmarking)
  • Interface with professional advisors (attorneys, accountants, etc.)
  • Organizational structuring and advisory services

One Man's Opinion
Vol 2, No.9

Travis Kalanick’s resignation as CEO of UBER – arising from both professional and personal pressures – and one other event, slightly closer to home, have made me revisit my earlier two One Man’s Opinion comments on this topic (Vol 2, No. 5 and Vol 2, No. 8).

UBER and Lyft have become omni-present; I have used UBER and Lyft across the United States and UBER in Tel Aviv. I have used Airbnb once and VRBO several times; I have complimented ACCOR on its acquisition of onefinestay and Hyatt when it made an investment in onefinestay before ACCOR bought it outright, in both cases for their attempts to tame the tiger rather than fight it. Airbnb has expanded its offerings to include the “experiential” nature of its customers and the cities in which the selected Airbnb resides.