Hotel Receivership Services

Experience Leisure.

Professional Receivership Services & OREO Management

Leisure Hotels and Resorts understands the technical and legal processes a lender faces when receiving a distressed property through foreclosure, bankruptcy, and negotiated transitional handovers.   We have extensive experience in independent and branded hotel, resort and condo association receiverships, and OREO assets. Since the late 1980’s, Leisure has managed distressed hotel assets from local, regional and national lending institutions as well from the Resolution Trust Corporation (RTC).   We stabilize troubled assets; operate them in an efficient cost-effective manner while providing the lender with a plan to secure a sale in a realistic timeline that minimizes the financial loss.

OREO Owned Management/ Receivership Services – Include

  • Resort Management
  • Hotel Management Full Service
  • Hotel Management Select Service
  • Condo Hotel Management
  • Restaurant Management
  • Ski Resort Management
  • Golf Course Management

In addition our nationally ranked hospitality brokerage division can also provide assistance during this transition phase. All of these services allow us to offer a one-stop shop during this crucial receivership / transition phase of the hotel asset.  Within 24 hours of a court ordered receivership appointment, Leisure Hotels will take over the asset and an on-boarding process will begin.

At Leisure we embrace our food and beverage operations, unlike most other management companies who outsource them. We are a resource for our ownership groups for creating, building and managing signature restaurant and event spaces within our hotels and resorts. Our development expertise includes site identification, concept creation, design, menu development, staff recruitment, marketing and daily management. We have a results-based approach that focuses on achieving profitability through revenue generation and cost controls while focusing on staff development, operations and guest satisfaction

Receivership Onboarding Process

• Full property walk-through to secure all assets including bank accounts, cash, and all real and personal property.
• Follow proper human resource procedures for all employees
• Take care of all life/safety issues
• Ensure all local, state, and federal laws are followed
• Observe all franchise policies and procedures
• Execute all required reporting under court order
• Make all necessary court appearances
• Manage asset in the most cost effective manor
• Property walk through and assessment
• Panoramic

Distressed Asset Management

• Approved Court “RECEIVER” for full-service and limited-service hotels
• Advisory services for pending legal actions/foreclosures/partnership conflicts
• MOLD and ASBESTOS evaluation and remediation supervision
• Financial and management reporting to lenders/ courts/borrowers
• Chapter 11 administration – Debtor-in-Possession
• Experience in securing all City/County/State licenses
• Lease/contractor/vendor negotiations
• Franchise requirement adherence

Negotiations of interim and long-term franchise agreements, relicensing, and renovation of hotels in “Default”

Construction supervision/purchasing for renovation to PIP standards
Negotiations of lender licenses, license renewals, change of ownership licenses

Market development planning and analysis of multi-unit franchise brands
Repositioning or brand selection for distressed assets Negotiating and analyzing Product Improvement Plan (PIP) development Full capability to project manage/complete a partially complete or stalled construction for a hotel

Full hotel renovation and re-positioning expertise. Market analysis, site selection, facility design and planning services
Trustee appointments will be executed with the same level of integrity and accountability as our receivership appointments.

Please contact Jamie Tatge President/COO, to engage Leisure Hotels and Resorts for Receivership Services Jamie can be reached at:

Office: 218.454.7271 | Cell: 218.330.6554 | Email: jtatge@leisurehotel.com

Address

Hospitality Operations Headquarters
14275 Golf Course Drive Suite 140
Baxter, MN 56425

Finance and Development Headquarters
8725 Rosehill Road Suite 300
Lenexa, KS 66215

Phone

Finance and Development Headquarters
Phone (913) 905-1460
Fax (913) 905-1461

Hospitality Operations Headquarters
Phone (218) 454 7270

Email

Finance and Development Headquarters
info@leisurehotel.com

Hospitality Operations Headquarters
info@leisurehotel.com

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