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Distressed hotel properties in your portfolio?

Distressed hotel properties in your portfolio? Distressed hotel properties in your portfolio? Distressed hotel properties in your portfolio?

Multi State REO's offers asset management solutions uniquely positioned to mitigate damages and preserve property valuations.

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Our experience sets us apart!

We are not your average receiver. Because we are also hotel owners and operators, we are able to manage distressed hotel properties with a unique ability that is focused primarily on preserving your assets valuation.

Every aspect of Hotel Receivership Asset Management COVERED!

Assignment of Rents

Reputation Management

Reputation Management

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The primary purpose of the receiver is to help lenders of distressed properties employ their rights as identified under their Assignment of Rents. Bringing in a receiver helps to ensure you are collecting these rents, while also ensuring the asset stays viable in order to continue revenue is continuing.

Reputation Management

Reputation Management

Reputation Management

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Most distressed properties will have already experienced a negative impact in their online review scores. This vitally important area will be another primary focus as we work to help mitigate further deterioration of scores.

Front of House

Reputation Management

Front of House

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The front line of any hotel is it's lifeblood. When a property is distressed it's likely that the employees working in this capacity are typically confused, stressed and fearful. We work closely with staff to build teams of effective guest associates who understand their own self interest as well as that of the entire team in keeping the hotel successful.

Inventories

Online Presence

Front of House

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Inventory Management is a crucial aspect of day to day management of a hotel's ability to stay viable. In distressed properties, it is not unusual to notice critical deficiencies in inventories that can stifle the properties ability to function successfully. We will work to ensure at the very least minimum operating inventories to support ongoing infrastructure needs. 

Staffing

Online Presence

Online Presence

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All kinds of staffing issues arise in distressed properties. They may already have a skeleton crew. Staff's at this point are usually skeptical and/or defeated. When we arrive our first job is to ensure we rekindle if possible a sense of pride in themselves and the property. We work to foster a caring environment because if the staff is happy, the guests have a better chance of enjoying their stay.

Online Presence

Online Presence

Online Presence

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We have used numerous technology and reservation platforms, (including brand specific and proprietary) to ensure the transition remains as smooth and seamless as possible. 

If necessary temporary popup websites and social media platforms can be launched to help revitalize business.

Branding

Goal Setting

Goal Setting

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Very often, when a 'flagged' hotel goes into receivership, the current franchise will 'pull' the name. We can help with understanding the negotiations involved with franchises as well as connect you with interim branding solutions that can help your hotel asset stay seen and bookable.

Goal Setting

Goal Setting

Goal Setting

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Every asset is unique as is each lender's needs and requirements. We will work with you to help identify your goals for each particular property. We can add and subtract services based on your needs. 

While we are appointed by the courts, it is vital that we remain open to the goals of all stakeholders and as such we maintain open communication channels to foster group buy in.

MONITORING

Goal Setting

MONITORING

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When the cat's away....  We all know what happens next!  Shortages and theft can be assuaged when proper technologies are in place. We will ensure monitoring of key areas are in place.

About Us

Court Appointed - Multi State

We have a long history of successfully being court appointed receivers in multiple states. We are able to quickly and successfully deploy our receivership solutions in:


Arizona

Colorado

Idaho

New Mexico

Nevada

Utah

Montana

Wyoming 


We are hotel owners and operators

We have been successful hotel owners and operators for nearly 30 years. We have owned properties in Steamboat Springs, Vail, Glenwood Springs, Denver, Montrose, Grand Junction, Durango and more. Riding high and low economic tides. Our operational methods and our procedures are time proven.

Contact Us

We are here to answer any questions you may have.

Please reach out to us. There is no obligation. We've been through this a time or two and would love the opportunity to share insights!


info@multistatereos.com

Multi State REOS

970-456-2324