Hotel Receiverships & Loan Resolution
Providing efficient, cost-effective and positive results
GF Hotels & Resorts specializes in underperforming assets and “workout” scenarios. Having worked with a number of institutional partners in the loan resolution, foreclosure and disposition process of hospitality assets, GF, through operating affiliates and individuals, has been assigned to over 1,000 hotels in 46 states. GF has the necessary experience and understanding of the legal intricacies involved, as well as the unique challenges typically found in distressed properties, providing our clients with efficient, cost effective and positive results. With a longstanding track record of collaborating with financial institutions, as well as the legal community and other hospitality partners, GF Hotels & Resorts is recognized for its successful turnaround management, minimizing loss / maximizing value of distressed hospitality assets.
PRE-TAKE OVER ANALYSIS
At GF Hotels & Resorts, we understand the challenges of lenders and servicers face. We are well-versed in the necessary steps leading up to and through negotiated handovers, receiverships, foreclosures and deed-in-lieu. Before transitioning a property, our team thoroughly assesses the asset's situation and develops a strategy that benefits all involved parties.
ROLE OF RECEIVER
GF has participated in over 1,000 hotel receivership hearings, in both local and federal court. With this extensive receivership experience, GF comprehends distressed properties' legal complexities and unique challenges.
TRANSITION AND TURNAROUND EXPERTISE
GF promptly takes steps to secure and safeguard the asset up appointment. Our qualified takeover team can be on-site at the property within 24 hours of receiving the assignment.
Upon transition, the takeover team works through a detailed transition checklist, identifying any areas of urgent need as well as opportunities of immediate impact. A plan is put in place and executed through the assigned operations team in conjunction with the disposition strategy.
Explore Our Other Services
Third-Party Hotel Management
Recognized as a top third-party management company, GF offers comprehensive expertise across various departments, including accounting, sales and marketing, food and beverage, human resources, revenue management, and information technology.
Strategic Acquisitions
GF focuses on meticulous attention to detail in acquisitions and new business development, analyzing market conditions, competition, demographics, and economic trends.
Pre-Opening Consulting
GF Hotels and Resorts provides hospitality consulting to support hotel ownership during development. Their services ensure a successful introduction of the hotel in the local market and aim to maximize the asset's financial performance.