Distressed Asset Management

Experience Leisure.

Professional Receivership Services for Hotels, Resorts, Condos, Restaurants, Ski Hill/Resort, Entertainment Venues, & Golf Courses

Leisure Hotels and Resorts understands the technical and legal processes that are  involved when it comes to receiving a distressed property by a lender through foreclosure, bankruptcy, and negotiated transitional handovers.   We have extensive experience in independent and branded hotel, resort and condo association receivership. Since the late 1980’s, Leisure managed a whole host 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 best meet the needs to secure a sale in a realistic timeline that minimizes the financial loss.

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 following process will be implemented

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 Takeover Process

  • Secure all assets including bank accounts, cash, and all 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
  • Follow 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

Asset Management

  • Approved Court “RECEIVER” for full service hotels
  • Advisory services for pending legal actions/foreclosures/partnership conflicts
  • MOLD and ASBESTOS Evaluation and Remediation Supervision
  • Financial and management reporting to Lenders/Superior Court/Borrowers
  • Chapter 11 Administration – Debtor in Possession
  • Experience in securing all City/County/State licenses
  • Lease/contractor/vendor negotiations
  • Franchising

Expertise with all brand families including IHG, Marriott, Hilton, Best Western, Choice Hotels, Wyndham and Starwood 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 Plans (PIP) Development

Full capability to project manage a partially complete or stalled construction 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.

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