Protect the hotel asset value
Protect the hotel asset value
DON’T LET THE VALUE OF THE HOTEL ASSET DECLINE.
For over 20 years, HTL has helped our clients deal with complex receivership and bankruptcy issues by successfully managing, selling, and enabling lenders to protect and secure troubled hotel assets. Here’s how we secure and manage such distressed hotel assets and bank REO property:
Detailed Financial Reporting, Cash Management, And Analysis Of The Hotel Asset
An Experienced Team Of CPAs, Certified Property Managers, And Attorneys With FDIC Experience And A Deep Understanding Of Liquor License And Contract Law
An Experienced Hotel Operator That Can Meet Franchise Requirements And Improve Relations
Effective Property Management And Brokerage Services for Distressed Hotel Properties
PROTECT, SECURE, AND IMPROVE THE VALUE OF THE HOTEL ASSET
A good receiver is an excellent tool for lenders and special servicers to use when time is of the essence and the value of the distressed hotel asset or bank REO property is at risk.
As a full-service hotel receivership firm, we provide all required REO services: receivership, property management, and brokerage.
INCREASE CASH FLOWS
We’ll streamline operations and improve the profitability of the distressed hotel asset.
GET THE ASSET PERFORMING AGAIN
We don’t just watch distressed hotel assets; we manage them effectively to minimize operating losses and declining collateral value.
OUR HOTEL RECEIVERSHIP PLAN
1. SCHEDULE A CALL
Tell us everything about the property so we can develop a plan to maximize cash flow and increase value.
2. WE’LL DEVELOP A PLAN
We’ll develop a customized plan to secure the physical asset and improve operationing results.
3. WE’LL SAFEGUARD THE ASSET’S VALUE
You have enough to worry about. We’ll focus on receivership and management issues, so you don’t have to.
HTL IS QUALIFIED TO ACT AS RECEIVERS FOR THE FOLLOWING ASSET TYPES
- Limited-Service Hotels
- Full-Service Hotels
- Extended-Stay Hotels
- Hotel Portfolios
- Boutique Hotels
- Office Buildings
- Retail Centers
- Industrial Buildings
WHO WE HELP
We get it, dealing with a non-performing loan can be time time-consuming and frustrating for a bank officer. You can’t afford to select a hotel receiver that just oversees an asset and doesn’t do anything to improve its performance. We can make a real difference with the REO hotels or other distressed commercial properties in your portfolio.
You deserve a receiver you can trust to secure the asset and minimize losses.
ACCREDITATIONS AND MEMBERSHIPS:
SELECT HOTELS WE’VE MANAGED THROUGH RECEIVERSHIP
A few hotel properties that HTL Management, LLC has managed directly for third party owners or has managed through its appointment as a court appointed receiver or bankruptcy trustee.
Hayes Mansion Resort & Spa – San Jose, CA
Selected as Hotel Asset Managers by the City of San Jose, California who owns the asset, we have directed the operations of the Hotel for over 12 years. This historic full service, Resort Hotel located near the downtown area has 214-room and a conference center with over 33,000 square feet of conference and meeting facilities. The Property also includes an upscale restaurant, spa facility and large outdoor pool. HTL has supervised various capital upgrades to the property, completed various sell/hold strategies, selected a new management company and advised the City on resolution of union and pension issues.
Hampton Inn, Arroyo Grande, CA
As Receiver and Property Manager for this 105-room, newly constructed property located near Pismo Beach, California, HTL took control of the asset from the ownership group and was charged with preparing for completion of construction. The assignment required a detailed furniture, fixture and equipment inventory, negotiation with the franchise company to retain the brand name and cost estimation for completion of construction. HTL as directed by the court successfully transitioned the asset to the new ownership group.
Radisson Hotel & Water Park, Albuquerque, NM
HTL was appointed by the court as a replacement Receiver and Property Management company for this 290-room, full service hotel with 27,000 square feet of meeting space and a 100,000 square foot state-of-the-art, indoor water park. An outstanding franchise dispute was resolved and the brand was converted to a Park Inn. Liquor license ownership and transfer issues were resolved with the state liquor license department, operations were stabilized and a transition to the lender was successfully completed as part of the settlement process.
Our Receivership Client List
- Wells Fargo Bank
- Bank of America
- City National Bank
- Wacovia Bank
- GE Capital
- Tomato Bank
- Luther Burbank Savings
- Key Bank
- Umpqua Bank
- Berkadia Commercial Mortgage
- California Federal Bank
- United Central Bank
- Beal Bank
- Washington Mutual
CMBS Special Servicers /
Mortgage Workout Specialists
- C-III Capital Partners
- LNR Partners, LLC
- J.E. Robert Co.
- Trepp Industry Group
- Ciena Capital
- Rialto Capital
- Pinnacle Financial Group
- GMAC Commercial Mortgage
- ROC Fund
- Worst Property Services
Sample Receiverships By Property Type
- The Ilikai Hotel and Marina – Honolulu (Waikiki), HI
- Lowe’s Coronado Resort – Silver Strand, San Diego CA
- Marriott Sawgrass Golf Resort – Ponte Verdi, FL
- Hyatt Bonaventure Resort & Spa – Ft. Lauderdale, FL
- Marriott Grand Hotel and Golf Resort – Mobile, Al
- The Donatello Hotel & Timeshare – San Francisco, CA
- Biltmore Hotel & Suites – Santa Clara, CA
- Hotel Pacific – Monterey, CA
- Lighthouse Lodge & Suites – Pacific Grove, CA
- Hyatt Regency – Santa Clara, CA
- Radisson Hotel – Albuqerque, NM
- Days Inns Portofio (10 Hotels) – CA and AZ
- Candlewood Suites – Nederland, TX
- Days Inns – Forest Park, GA
- Comfort Inn / Quality Inn and Suites – San Mateo, CA
- Econolodge – Logan, UT
- Holiday Inn – Santa Maria, CA
- Best Western Portofio (5 Properties) – WA, OR, CO, UT, CA
- Ramada Inn – Temecula, CA
- Hampton Inn – Richardson, TX
- Hampton Inn & Suites – Pismo Beach, CA