Hotel receivership and the management of hotels in transitional or distressed circumstances are considered specialties of ours. With our extensive experience of being appointed Receiver by various courts across the US, we provide efficient and cost-effective receivership services for lenders preparing to foreclose.
Appointment of Receiver
Our staff efficiently walks you through the entire legal process, which includes detailed reviews of the all-important Order Appointing a Receiver to ensure that its scope is adequate for the mission and provides the necessary tools for both a smooth transition as well as elimination of the borrower’s unpaid bills and leases, to the extent possible.
Takeover
Even on very short-notice, our knowledgeable team smoothly takes over operation of the property. In spite of the need for speed, the appropriate background checks are performed on all employees. If we are managing the hotel as well as being receiver, the staff are hired by our payroll affiliate to reduce the lender or investor’s risk.
Why Us?
We have the experience, knowledge, and resources to efficiently develop and execute the right business plans that will increase the efficiency and appearance of a hotel to optimize your eventual plan to sell it. You will get more prospective buyers when you show them the hotel in its best possible light.