Receivership Services

GCH has a proven track record as a receiver and management company for non-performing hotels. We bring strong valuation, market study and hotel consulting experience to support the best course of action for the asset. This is our general process:

  • Strategic planning to minimize losses to the bank or special servicer.
  • Forbearance agreement, receivership in place.
  • Take over management or foreclosure and eventual sale of the asset.
  • Determine ability of the property to service debt or generate cash flow.
  • Implement internal controls and cash handling procedures.
  • Evaluate physical property and necessary renovations.
  • Determine viability of retaining the existing franchise.