Are you a lender or law firm contemplating a hotel receivership as a solution for a possible foreclosure or some other related action? Unlike other types of real estate, such as apartments, offices and industrial uses, hotels are complex real estate assets and an operating business as well. If you are new to working with hotels or restaurants and want to educate other members of the staff at your lending or law firm, we are offering a customized, no-cost, 1 hour webinar for five persons attending and more. The presentation “Unique Challenges in Hotel and Restaurant Receiverships” will cover a variety of issues that banks, special servicers, corporate counsel and attorneys should know about hospitality sector commercial real estate such as hotels, resorts, restaurants and mixed-use assets. We will also address some recent hotel receivership filings and related facts. Here are few excerpts to get an idea of what will be included in the program as it concerns court appointed receiver duties and hotels in receivership: Hotels are “complex “ assets with FF&E, Trade names, Liquor license and Real Estate (who owns, selling separately issues); Taking control of “all” Monies (cash, credit cards, accts. receivables, internet travel commissions and payouts, FF&E reserves and trade/ad or barter dollars); Hiring Receiver/Interim Property Mgr. vs. Receiver plus outside Management Co. and what to e Keeping Brand/Flag in place for potential buyers (importance of maintaining franchise, market share, damage control with franchisor); Keeping Brand/Flag in place for potential buyers (importance of maintaining franchise, market share, damage control with franchisor). Please follow the “link below” to schedule a custom presentation and learn more about hotel receivership today if you are a lender, special servicer or attorney. We look forward to hearing from you.
