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For more information contact:
Resolution Services LLC
1450 West Redondo Beach Boulevard, Suite 150, Los Angeles, CA 90272
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INVESTMENT MANAGEMENT
Receiverships & Problem Resolution
"In today’s turbulent economic environment there exists a need for companies and
individuals having in depth hands on experience to address the current realities of
distressed hotels, real estate and operating businesses."
Resolution Services, LLC was formed to provide a wide range of specialized business, workout,
consulting and real estate services to, governments agencies, law firms, loan servicing companies,
state and federal courts, receivers, trustees, corporations, partnerships, pension funds, REITs,
investment firms, financial institutions, and property owners throughout the United States. The
Company, with offices in Los Angeles, San Diego and Palm Beach, provides problem resolution,
asset management, consulting, business and strategic planning, and receivership services.
We believe that problem resolution is the process of creating and implementing successful
solutions to complex challenges and problems. We utilize a team approach, whether we are
the Appointed Receiver or involved in a receivership, a court-appointed asset sale, developing
workout strategies, interim management or directorship. All of our experienced professionals
collaborate to produce positive outcomes. With such an approach, we can strategically diffuse
the most complex of business problems, restoring stability and thus, maximizing an asset’s value.
No matter how litigious and contentious a matter becomes, we have a proven track record of
maintaining business equilibrium and understanding the rights and duties of all parties.
Left to Right:
Linden Heights,
Pacific Palisades,
Monterey Hills
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Ed Miller – Partner
Mr. Miller has developed and built large master planned residential and commercial projects, from 1st time buyer housing to
multi-million dollar projects including: over 2,500 apartments, condo’s and single family homes; office, commercial shopping and
mixed use developments; hotels, marinas, and assisted care facilities. Mr. Miller has worked with many cities, state and federal
agencies, including HUD, Port Authorities, Corps of Engineers and Coastal authorities, and a variety of environmental agencies.
He 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. He has also
provided real-estate services for such companies as Mitsui, Weyerhauser, Honeywell, Namco Capital, Northrop, and Met-Life.
Graduating from Macalester College in St. Paul, MN in 1977, Mr. Miller began his career with the City of St. Paul Economic
Development Agency. Mr. Miller then joined Coldwell Banker Commercial Real Estate specializing in commercial and
investment real-estate. In 1983 Mr. Miller took a position as V.P. of Development with the Los Angeles office of Carley
Capital Group. In 1984 he structured a leveraged buyout of Carley Pacific and became a 50% principal and President of a merged
firm, now called Cal-Coast Development. In 1986 he restructured the company with Weyerhauser and acquired 100%.
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Eric Ewoldt – Partner
Mr. Cutting brings 38 years of experience in startup, management, renovation and development of hotels, golf courses,
marinas, commercial real estate and operating businesses to Resolution Services, LLC. Over the last 20 years, he has
managed receivership, consulting and management assignments exceeding $2 billion.
As a Senior Managing Director at Douglas Wilson Companies, Mr. Cutting managed large receivership projects requiring
multiple disciplines and the integration of legal and technical experts. As Chief Operating Officer for the firm, he led and
directed a team of professionals that managed a wide range of receivership, consulting, corporate and hospitality services
for nearly 200 client projects.
Mr. Cutting also served as owner and President of C/W Hospitality Group, Inc. In this capacity he directed a full range of
management, consulting and real estate services targeted to the hospitality industry. Company services included hospitality
receivership services and management, in-depth market studies, feasibility analysis and implementation of business strategies.
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Jay Litt – Partner
Prior to joining Resolution Services, LLC, Mr. Litt served in various management positions with major hotel operations,
including Executive Vice President of Operations for Wyndham International, Senior Vice President of Operations and Chief
Procurement Officer for Resorts Group and Senior Vice President of Operations for Interstate Hotels. He also served 12 years
with ITT Sheraton, managing landmark properties such as the St. Regis Hotel and Park Avenue Sheraton in New York City.
Throughout his distinguished career Mr. Litt has participated in a significant number of transactions in the hotel sector,
including major acquisitions of multiple hospitality assets and companies with food and beverage chains and operations.
As a hospitality executive and former business owner, Mr. Litt is extremely sensitive to the investment goals and needs of
ownership, including meeting forecasted financial results.
Mr. Litt graduated from Parsons College with a B.A. in Sociology and from Florida International University with a B.S. in
Hospitality Management. He serves on the board of Florida International University’s School of Hospitality and the Rancho
La Puerta Spa.
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Phil Cutting – Senior Managing Director
Mr. Cutting brings 38 years of experience in startup, management, renovation and development of hotels, golf courses,
marinas, commercial real estate and operating businesses to Resolution Services, LLC. Over the last 20 years, he has
managed receivership, consulting and management assignments exceeding $2 billion.
As a Senior Managing Director at Douglas Wilson Companies, Mr. Cutting managed large receivership projects requiring
multiple disciplines and the integration of legal and technical experts. As Chief Operating Officer for the firm, he led and
directed a team of professionals that managed a wide range of receivership, consulting, corporate and hospitality services
for nearly 200 client projects.
Mr. Cutting also served as owner and President of C/W Hospitality Group, Inc. In this capacity he directed a full range of
management, consulting and real estate services targeted to the hospitality industry. Company services included hospitality
receivership services and management, in-depth market studies, feasibility analysis and implementation of business strategies.
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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.
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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.
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Eric C. Rosa – Director of Workouts & Dispositions
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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Resolution Services, LLC, partners have problem resolution experience in numerous
industries, including; general real estate, hospitality, operating companies, construction,
health care, agriculture, golf, and the food & beverage. This diverse range of business
expertise gives us the unique ability to adapt to any business climate and implement
clear solutions to problems arising from anywhere within the receivership or bankruptcy
arenas, economic changes, partner disputes, fraud, or simply poor business decisions.
We now offer a broad spectrum of receivership and problem resolution services including:
- Receiverships
- Turnaround management
- Receivership documentation and financial packaging
- Bankruptcy examiner
- Workout strategies
- Asset management
- Expert testimony
- Special Master
- Interim management
- Liquidating agent
- Plan agent
- Business plan development and implementation
- Consensual cash management
- Forensic accounting
- Project completion cost analysis and management
- Litigation support
- Chapter 11 trustee
- Court-supervised asset sales
- Risk management assessment
For more information contact:
Resolution Services LLC
1450 West Redondo Beach Boulevard, Suite 150, Los Angeles, CA 90272

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