Tag Archives: Resolute Commercial Services


Americana Hotel in Nogales sold to LOK Group

Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has successfully completed the sale of the Americana Hotel, located at 639 N. Grand Ave., Nogales, 85621, to The LOK Group from Santa Rosa, Calif.

Resolute was substituted in as Receiver for a previous party in November 2012 by the Santa Cruz Court to act as the receiver for this 97-room full-service hotel.

“Resolute successfully restored the long-standing Americana legacy as a meeting place for local dignitaries and a popular destination for travelers and local residents to host large celebratory events. With its nearly 3,500-square-feet of function space, the hotel has hosted a variety of events from international trade summits to monthly civic functions, weddings and fundraising dinners, in addition to family and business travelers looking for a quaint, boutique hotel in Southern Arizona,” said Jeremiah Foster, principal of Resolute.

The LOK Group is a hospitality management, development, consulting and brokerage company offering a variety of fully integrated hospitality management services to hotels that are tailored to fit the unique needs of each property.

“We were looking for an opportunity to expand our services outside of California and the Americana is a perfect fit for The LOK Group,” said Kirk Lok, president and CEO. “We look forward to working with the local community to once again establish the hotel as the destination in Nogales for all your hospitality needs.”

The Americana Hotel will now operate under the Quality Inn banner. The $1.75 million deal was closed on April 7.

Gilbert Polar Ice

Resolute Commercial Properties Assumes Property Oversight, Management Responsibilities for Polar Ice Rinks


Resolute Commercial Services has been appointed the receiver of a portfolio of three Polar Ice facilities throughout Metro Phoenix.

The properties in Chandler, Gilbert, and Peoria include 6 of the 11 sheets of ice among skating facilities in Maricopa County. The three properties also feature food and beverage operations and retail sales.

Resolute is responsible for overseeing the management of the ice rinks and all other operations at each of the three facilities. This includes food/beverage operations, league and tournament play schedules, group sales, and individual free skate opportunities. Polar Ice employs approximately 121 people.

The Receiver working through its affiliated entity, Resolute Commercial Properties, has been given the exclusive listing to sell the portfolio of Polar Ice Rinks in Chandler, Peoria and Gilbert.

Resolute is accepting competitive bids for the purchase of the three locations. The deadline to submit bids is May 30, 2013.

Prospective bidders must register and execute the confidentially and non-disclosure agreement prior to receiving access to the electronic due diligence materials.

For more information regarding qualification and bidding process, please contact Jerry Foster at 480-947-3321 or jfoster@resolutecommercial.com.



Resolute Commercial Services Assumes Property Management Responsibilities for Don Carlos Plaza


Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed property manager of the Don Carlos Plaza at 2651 W. Baseline Rd. in Mesa.

Resolute will be responsible for overseeing the management of the retail property. In addition, they will assist in providing the property operational and financial information needed for use in ongoing bankruptcy proceedings.

Resolute Commercial Service’s clients are throughout Arizona, California, Florida, Nevada and Texas and are involved in complicated real estate transactions.


Resolute Commercial Services Appointed Receiver of Americana Hotel


Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed receiver of the Americana Hotel, 639 N. Grand Ave. in Nogales.

After inspection, Resolute began initial work on issues surrounding the condition of the property. In addition, efforts were focused on property and operational concerns including management oversight, staff development, hotel marketing and financial management.

The property requires a variety of overall improvements as well as new management techniques and a new marketing plan to help increase hotel revenue. Once issues are remediated, Resolute will be in charge of the selling the assets.



Brubacher is fueled for success

Joan Brubacher is a gas.

Well, she knows gas – and how to account for it.

“Growing up in Kansas, my dad was a fuel distributor,” said Brubacher, chief financial officer for Resolute Commercial Services, a Scottsdale-based receivership and corporate renewal firm,. “He also loved math, just like me.”

At only 14, number-loving Brubacher was working as her father’s bookkeeper. By college, the self-proclaimed tech geek would choose to crunch numbers for life, earning an accounting degree from Kansas State University.

Recruited by Ernst & Whinney (now Ernst & Young) out of college, gas would continue to drive Brubacher – one of her first audit clients was a convenience store and fuel distributor.

And it wouldn’t be her last.

After putting in her time with the Big Four – and getting married – Brubacher joined her father in the family business as its CFO.

“My father, husband and I decided to grow the business together,” said Brubacher. “In less than a decade, we grew from one to 19 locations statewide.”

Eventually, however, Arizona would come calling when her husband decided to take a great business opportunity in the Valley in 1989. For the first time since she was 14, Brubacher had nothing to account for except her husband and two young daughters.

Embracing her inner tech geek, she eventually earned CFO positions with several high-tech companies over the next two decades. One company – iGo – she would help take public in the 2000s. While working on the IPO, she became friendly with colleague Jerry Foster.

“He was a staunch supporter of the community – and his passion was contagious,” said Brubacher.

Before she knew it, she had joined Foster as a member of the board of directors for Junior Achievement of Arizona as well as branched out on her own, volunteering on the board with and serving on several committees for the Fresh Start Women’s Foundation and Financial Executives International, among others.

And after the IPO, Foster had other plans for her as well.

“Jerry had co-founded Resolute Commercial Services in 2008 as a receivership organization assisting businesses with complicated debt and other issues in the midst of the recession,” said Brubacher.

She joined Resolute as CFO in 2009 and has helped expand the firm into California, Nevada and Texas. Most recently, she has also helped drive the business in another direction.

“Often, receivership can be avoided if we can get in and help a business early enough,” said Brubacher, who has spearheaded this proactive approach over the past year on behalf of lenders and debtors alike.

Among her biggest clients – convenience stores and gas stations, of course. She has assisted more than 30 locations nationwide already in addition to physician practices, car washes and construction businesses, among others.  Brubacher finds that her background in finance and operations makes her uniquely qualified to assist businesses with their operational and financial issues, regardless of the industry.

“Life really does come full circle,” said Brubacher.

2012 JerryFoster06

Resolute Commercial Services’ Foster Named JA Board Chair

Jeremiah Foster, principal and founder of Resolute Commercial Services, has been named board chair for Junior Achievement of Arizona.  As board chair, he will oversee the 48-member board of directors and lead the organization’s governance and policy strategies.

In addition to his involvement with JA, Foster, a Scottsdale resident, is active in the community through his involvement with Scottsdale Public Art Advisory Board, Arizona Town Hall, Urban Land Institute, Turnaround Management Association and Entrepreneur’s Organization (EO).
Foster holds a Bachelor of Science degree in engineering from the University of Arizona.

Other members of the executive board include Karen Czack of American Express as board treasurer and Alan Augustine of PricewaterhouseCoopers as board secretary.  Newly elected to serve on the board are Tina Beatty, Sam’s Club; Ed Capasso, Henkel Consumer Goods, Inc.; Ravi Kichloo, AVNET; Charles Lala, Allstate Insurance Company; Susan Menchaca, MidFirst Private Bank;  and Travis Smith, Moss Adams LLP.

About Junior Achievement of Arizona
Junior Achievement is a 501(c)(3) not-for-profit organization which believes that every child deserves an education in economics and finances in order to inspire and prepare them for success in a global economy.

Serving Arizona’s youth since 1957, JA prepares young people for the real world by showing them how to become self sufficient, how to create jobs which make their communities robust, and how to apply entrepreneurial thinking to the workplace.

Junior Achievement of Arizona reached 92,000 students during the 2011-2012 school year and plans to reach 95,000 students in 2012-2013.

For more information on Junior Achievement or ways to get involved, call 480-377-8500 or visit www.jaaz.org.

Resolute Commercial Services

Resolute Commercial Services Appointed Receiver Of Lake Pleasant Heights Property

Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed receiver of the Lake Pleasant Heights Property in Peoria.

Resolute will assist in the re-working of the Master Planned Development with the city of Peoria. The firm will also develop a water solution and transportation plan for the property. Once property development is underway, Resolute will be in charge of selling the assets to benefit the estate.

Resolute Commercial Services was founded in 2008 by Jeremiah Foster and John Mitchell.  Joan Brubacher serves as chief financial officer and as a principal, along with Foster and Mitchell.

Through the combination of skills and years of experience that each principal brings to the table, Resolute Commercial Services is a company where business acumen honed through experience is offered to a variety of clients throughout Arizona, California, Florida, Nevada and Texas involved in complicated Real Estate transactions.

Resolute Commercial Services can be reached at (480) 947-3321.

For more information on Resolute Commercial Services, visit www.resolutecommercial.com.