PRESERVING the VALUE of your asset
As a leader in customized hospitality solutions, Quorum Hotels & Resorts will ensure the right legal and operational steps are taken throughout the receivership process to preserve and stabilize the value of the asset quickly and efficiently. We have extensive experience working with court-appointed receivers to secure the asset for the court while simultaneously providing experienced hotel oversight of the property. We will develop and implement plans to improve market positioning and increase operating efficiency to maximize asset value.With years of combined hospitality and asset management expertise, Quorum will help the Receiver by assisting in preparation through identifying numerous hotel industry specific situations with which legal counsel may not be familiar. Our team understands both the business and legal aspects of receiving a distressed property via bankruptcy or foreclosure. We will work hand-in-hand with the lender to stabilize the property and improve the efficiency of the troubled asset.We will evaluate and recommend new brand solutions, franchise opportunities and more effective systems and processes to maximize the property's market share. We will evaluate the capabilities of on-site staff and managers and their ability to continue to be of value to the asset. When working with Quorum, rest assured that every possible solution will be accounted for.