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Receivership

Some of the more complex and legally challenging situations that exist in the hospitality industry center on properties that are in foreclosure, bankruptcy or receivership. When a borrower or lender is the unfortunate participant in such a situation, finding the right team of asset management experts to guide them through the maze of legal obstacles that present themselves is of utmost importance.  After all, missteps can be costly and run the risk of de-valuing a property’s brand as well as an investor’s capital. Hostmark Hospitality Group can help both the borrower and the lender avoid the complications that can arise from these occurrences, and is uniquely suited to assist. 

Our strength comes from the legal background of our executive team and our involvement in bankruptcies, foreclosures, and receiverships, which total over 130 in the past 15 years.  It is a strength that no other independent third-party management company can match – and one that leaves us without peers in this area.
 
Our unique understanding of the law and experience within the court system, coupled with our knowledge of the lodging industry and the use of accounting systems designed to do the specific type of reporting required by these legal situations, make us the ideal choice for properties already experiencing, or facing the threat of, any type of foreclosure, bankruptcy or receivership.