We understand the technical and legal processes involved in 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 to take 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
