Work Out Services | Bios | Case Studies
Work Out Services
Since 1960 Interstate Hotels & Resorts has had a successful track record of rapidly transitioning financially troubled distressed hotels, and has been able to quickly secure assets, provide operational stability, retain the confidence of the hotel's associates and guests, and improve asset value (case studies).
Throughout the company's history during various economic troughs, Interstate has been a leader in managing hotels that have fallen into financial difficulty; these assignments have been on behalf of court-appointed receivers and prominent financial institutions.
When assuming management of distressed properties, the priorities vary significantly from normal hotel operations and include:
-
Rapid response asset security on transition
-
Streamlined transition plans
-
Management contract flexibility
-
In-house design and construction capabilities
-
Quick operational stabilization
-
Immediate value creation strategies
-
State-of-the-art financial reporting
-
Large task force pool of proven hotel professionals
Each hotel Interstate manages is organized under a regional concept team that includes senior leaders for each functional discipline.
Interstate has formed a dedicated work out team that will rapidly deploy the necessary resources in order to maintain operational efficiencies and protect the value of the asset.
Contact a Development professional for information on how Interstate Hotels & Resorts can assist you.