Miramar Hospitality understands the technical and legal processes that's involved when it comes to receiving a distressed property by the lender through foreclosure, bankruptcy, and negotiated transitional handovers.
Our hospitality management company is a certified receiver and is experienced in handling all necessary procedures with a court ordered appointment. Within 24 hours of a court ordered receivership appointment, Miramar Hospitality has the capabilities required for taking over the hotel and the following process will be implemented:
Secure all assets including bank accounts
Follow proper human resource procedures
Follow all franchise policies and procedures
Manage Asset under Miramar Hospitality's highest guidelines
Comply with local/state/federal laws
Execute all reporting under court order
Take care of all life safety issues
Make all necessary court appearances
Trustee appointments will be executed with the same level of integrity and accountability as our receivership appointments.