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Receivership is the process of appointment of a receiver to take custody of the property, business, rents, and profits of a person/company who is deeply in debt for the benefit of creditors.  A receiver is a person placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights.  Three common types of receivers include:  (1) a receiver appointed by a regulator pursuant to a statute; (2) a privately-appointed receiver; and (3) a court-appointed receiver.  The receiver's powers are explained in the document(s) underlying their appointment - a statute, financing agreement, or court order.  The Receivership's purpose is to secure the asset and its operations, as well as determine a management solution that will maximize its financial performance.
 
CRES Hotel Brokers will supervise the Hotel Receivership process for any troubled property.  We can provide the following Receivership Services:
 
   Effectively address issues causing operating challenges
   Put solutions in place to deal with a troubled property
   Take over management of the Hotel
   Apply proven methods and strategies to possess and stabilize asset
   Provide accounting and analyze operating expenses
   Assess Hotel staff and operations
   Create a Business Plan that will help achieve owner's goals and objectives
   Secure cash flows and submit monthly reports to the bank and/or owner
 
For more information regarding CRES Hotel Brokers Hotel Receivership services, please fill out the form below:
 
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Commercial Real Estate Specialists, Inc.
CRES Hotel Brokers, LLC

97 N. Kingshighway, Ste. 9
Cape Girardeau, MO 63701
(866) 399-0192
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