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: