Resolution Services, LLC.

Our Company

Ed Miller

Ed Miller

Partner

Ed Miller has developed and built large master planned residential and commercial projects, from 1st time buyer housing to multi-million dollar housing tracts including apartments, office, commercial shopping and mixed use developments, hotels, marinas, assisted care facilities and over 2,500 units of apartments, condo’s and single family homes. Mr. Miller has worked with many city, state and federal agencies including HUD, Port Authorities, Army Corps of Engineers, Coastal authorities and a variety of environmental agencies. Mr. Miller has provided a wide range of specialized services to his clients including: property entitlements, general plan amendments, project master planning, project repositioning, sales and leasing, marketing, and general contractor/builder services. Mr. Miller has provided real-estate services for such companies as Mitsui, Weyerhauser, Honeywell, Namco Capital, Northrop, and MetLife. Most were developments owned or taken back from failed developer/owners.

Mr. Miller graduated from Macalester College in St. Paul, MN in 1977 with a degree in Political Science and Economics. He began his real-estate development and investment career as an as an Economic Development Specialist with the City of St Paul, Economic Development Agency, where he specialized in public-private financing for developers and major corporations to provide commercial, residential and industrial development in the city’s redevelopment areas. Utilizing Tax-increment, Tax abatement, Sales Tax rebates, industrial revenue bonds, Mortgage backed revenue bonds as well as SBA financing, and a variety of HUD programs available at the time. Mr. Miller then joined Coldwell Banker Commercial Real Estate specializing in commercial and investment real-estate with emphasis on office and shopping center leasing and sales. In 1983 Mr. Miller took a position as V.P. of Development with the Carley Capital Group with whom he had done business while at the City of St.Paul and Coldwell Banker. He took the position in Carley’s Los Angeles office. In 1984 he structured a leveraged buy out of Carley Pacific and became a 50% principal and President of a merged firm now known as Cal-Coast Development. In 1986 he restructured the company with Weyerhauser and acquired 100%.

Eric Ewoldt

Eric Ewoldt

Partner

Eric Ewoldt has a diverse hospitality background spanning over 35 years, that still includes being President of Ewoldt International—a firm that has been in business since 2001 and continues to grow each year. Mr. Ewoldt’s asset management has included Colony Capital, Inc., a prominent global real estate firm, where he managed the international hotel portfolios and was a senior member of the Acquisition and Due Diligence team; Interstate Hotel Company and The Gencom Group overseeing the luxury and deluxe hotel portfolios. Properties include Ritz-Carlton hotels & resorts in Jamaica, Grand Cayman, Miami, Bachelor Gulch and Philadelphia; and independents such as L’Ermitage – Beverly Hills; Guanahani in St. Barth’s and other properties in Europe, Asia and the Caribbean.

His extensive experience includes domestic and international hotel operations, union contract negotiations, development, acquisitions, pre-openings, marketing, receiverships and workouts.

Entering the hotel industry with ITT Sheraton, Eric Ewoldt held various senior operating positions in hotels with ITT Sheraton in Washington, DC, Boston, Dallas and New York City as well as several years at the corporate office in Boston, during his 10+ year career with ITT Sheraton. His experience includes Managing Director positions at The Ritz-Carlton, Washington, DC, The Mayflower Hotel – Washington, DC and Stouffers Westchester – New York; and The New York Vista Hotel with Interstate Hotels, in addition to Executive Vice President positions with Ian Schrager Hotels and Doral Hotels & Resorts.

Jay Litt

Jay Litt

Senior Managing Director

Mr. Litt has participated in a number of significant transactions in the hotel sector, including acquisitions of multiple hospitality assets and companies as well as food and beverage chains and operations. Over the course of his career he has driven top line revenues but always with a strong focus on the achievement of the forecasted profits. Having personally owned a hospitality asset, Mr. Litt developed a real sensitivity to the investment goals and needs of ownership. His focus as a hospitality executive and business owner is to create an atmosphere where forecasted financial results are achieved and investment goals are realized.

He was the Executive Vice President of Operations for Wyndham International (2004-2005), Senior Vice President of Operations for the Resorts Group (2000 - 2004) leading 28 resorts in the US, Caribbean and Mexico, and served as Chief Procurement Officer (1998-2000). He was Senior Vice President of Operations for Interstate Hotels from 1991-1998 leading a portfolio of 50 hotels. Mr. Litt spent 12 years with ITT Sheraton, holding key management positions in multiple ITT Sheratons, including both the landmark St. Regis Hotel and the Park Avenue Sheraton in New York City, as well as General Manager at the Sheraton Bal Harbour and Sheraton Jacksonville hotels, both in Florida.

Mr. Litt received his B.A. in Sociology from Parsons College and a B.S. in Hospitality Management from Florida International University. He serves on the board of Florida International University School of Hospitality and the Rancho La Puerta Spa. Mr. Litt also served the United States Peace Corps in the Philippines.

Phil Cutting

Phil Cutting

Senior Managing Director

Mr. Cutting has more than 38 years of experience in the startup, management, renovation, and development of hotels, golf courses, marinas, commercial real estate and various types of operating businesses. Over the last 20 years Phil has managed receivership, consulting and management assignments valued at over $2 billion dollars. Mr. Cutting has been a Certified Hotel Administrator for 30 years.

As a Senior Managing Director of the Douglas Wilson Companies, Mr. Cutting provided direct oversight and management for large, complex receivership projects requiring multiple professional disciplines and the integration of legal and technical consultants. Projects he directed included: leading an executive team in the take over and management of a multifaceted Michigan resort consisting of three hotels, four golf courses and two ski mountains employing 900 people; supervising the restructuring of the 3,600 acre Dillingham Ranch on Oahu and the remediation of illegal sand mining and fill importation violations; managing and liquidating a 200 million dollar a year cheese manufacturing and box to box distribution company; unraveling a 56 million dollar inventory fraud perpetrated on a banking institution; liquidating the third largest Mexico to US logistics company; overseeing a forensic investigation into a 26 million dollar partnership dispute with assets in five states; heading a team in the 42 million dollar repair of a landslide damaged coastal golf course; and spearheading a remediation team in the16 million dollar re-construction of two California earth quake damaged office complexes consisting of six buildings, totaling over two hundred and fifty thousand square feet.

Chief Operating Officer of the Douglas Wilson Companies Mr. Cutting led and directed a team of professionals that managed a wide range of receivership, consulting and corporate and hospitality services to clients for over 170 projects. Mr. Cutting served as owner and President of C/W Hospitality Group, Inc. In this position he directed a full range of management, consulting and real estate services targeted toward the hospitality industry. Company services included, hospitality receivership services and management, in-depth market studies and feasibility analysis and implementation of business strategies.

Executives

Joseph P. Guarrasi

Chief Financial Officer

Mr. Guarrasi, a certified public accountant, received his certification while at the international accounting firm of Price Waterhouse/Coopers. Mr. Guarrasi has spent more than 25 years as a senior executive in major Southern California real estate and finance companies. His principal responsibilities include fiscal management and treasury functions with institutional lenders and investors. Mr. Guarrasi has extensive experience in acquisitions, project development, entitlements, subdivisions, and strategic planning issues, in addition to international transactions and banking. He has a BS degree in accounting from California State University,Long Beach, California (graduated Cum Laude) and has completed numerous continuing educational and post-graduate courses. He is also an officer in the California National Guard (inactive) and retains membership and board of director positions in several social and non-profit organizations.

Nicholas F. Klein

Counsel

Nicholas F. Klein is an honors graduate of Boalt Hall School of Law at the University of California at Berkeley. For more than 20 years he has specialized in various aspects of real estate transactional work, representing investors, lenders, borrowers, developers, builders and others in complex transactions. He also has substantial experience in loan purchases and loan workouts, representing both borrowers and lenders.

He spent 12 years with the Los Angeles office of the Wall Street law firm Stroock & Stroock & Lavan, and has been in private practice for the past eight years.

Eric C. Rosa

Eric C. Rosa

Senior Managing Director

Mr. Rosa brings over 35 years of banking experience in the commercial real estate sectors of finance/lending, loan servicing, credit administration, problem loan management, and asset disposition. In an executive management capacity, he has served as Chief Lending Officer, Chief Credit Officer, and REO/Special Assets Manager.

Over his career, he has been responsible for loan originations in excess of $7 billion. He has originated financing for all major property types and is considered an expert in the areas of permanent financing, construction financing, mezzanine and bridge financing, land acquisition financing, and problem asset workouts.

Mr. Rosa has held executive management positions with Glendale Federal Bank, Chinatrust Bank and First Bank of Beverly Hills. During the last major real estate downturn in the early 1990’s, he managed the major loan Special Assets and REO Departments for Glendale Federal Bank, a $30B multi-state savings and loan. He was responsible for the management of a $1.1B criticized loan portfolio including $700M of non-performing assets. Mr. Rosa directed multimillion dollar loan restructurings, loan foreclosures, and REO dispositions. In 1990 dollars, REO sales exceeded $500M.

Mr. Rosa resides in Southern California and has a BA degree from UCLA and has completed a number of continuing real estate educational classes.

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