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