| |
Access Hotels has expertise in the management of hotels in transitional and distressed circumstances and has experience being appointed receiver. With our expertise we are able to provide efficient and cost effective Hotel Receivership Services for lenders that are preparing to foreclose and sell a property. Depending on what is appropriate to the situation we can provide asset management, franchise negotiations, property improvement plans, and property marketing solutions.
Our hotel receiver services focus on asset value protection, revenue generation, and efficient management, and include the following:
- pre-appointment review of the order to insure sufficient authority is conveyed
- rapid deployment and asset engagement
- dedicated on-site hotel asset management staff
- immediate evaluation of life-safety issues, permits and franchise license to insure uninterrupted operations
- sales and marketing assessment and recommendations
- physical property assessment and recommendations
- accounting and payroll services
- human resources management
- full service property management and oversight
Deployment and stabilization are key during the initial take-back, Access is positioned to initiate a transition within 24 to 48 hours. During the first 30 days, Access efforts are focused on effectuating a smooth transition, quickly identifying and implementing initiatives geared at stabilizing the asset, reducing financial distress, mitigating risk and establishing direction for on-going asset management of the asset. |
|
