Receiver and REO Services

Receiver and REO Services

With over twenty years’ experience, Paramount Hotel Group understands the technical and legal processes that are involved when it comes to managing a distressed property through foreclosure, bankruptcy, and negotiated transitional handovers.  We have extensive experience in independent, branded, select-service, full-service, and resort hotel assets in receivership.

Since our inception in 1999, Paramount Hotel Group has managed a host of distressed hotel assets from local, regional, and national lending institutions.  We stabilize troubled assets and mitigate risk by operating hotels in an efficient, cost-effective manner while providing comfort to the lender and the court that the asset is protected.

Recognizing that many lenders are faced with underperforming hotel loans, Paramount Management takeover team is prepared to assist with:

  • Initial consultation and assessment of assets

  • Single and Multi-property management takeover within 24 hours

  • Court ordered receivership compliance

  • Filing monthly receivership reports to the court

  • Market analysis

  • Operational audit including review of payables and receivables and expense ratios

  • Monthly reporting of financial performance using the Uniform System of Accounting for hotels

  • Financial variance report

  • Franchise communication and contract interpretation

  • Physical plant audit

  • Implementation and management of physical renovations

  • Opinion of Value and possible disposition options

  • Providing full Property, Liability and Workers Compensation insurance coverage as needed

Click here to learn more about Paramount Management


For more information please contact:

  • David P. Hale, Vice President of Hotel Business Development
  • 901-598-0488