CHM recognizes the unique circumstances surrounding lenders dealing with financially challenged hotel assets, and the importance of protecting the property and the related operating entity securing the loan. We also understand the process by which hotels may progress and transition from borrower, to foreclosure, to lender and offers services that are applicable and effective during each stage of this process. CHM provides an entrepreneurial approach, customized to address lender needs including:
Understanding that speed to deployment and stabilization are key during the initial take-back, CHM is positioned to initiate a transition typically within 24 to 48 hours. During the first 30 to 60 days that follow, CHM's efforts are focused on effectuating a smooth transition, quickly identifying and implementing initiatives geared at stabilizing the asset, reducing financial distress, mitigating risk and establishing direction for on-going asset management of the asset. While tasks and analyses are customized based on specific asset components and lender requirements, CHM's Receivership Strategy highlights initiatives and action steps typically included during this critical transition phase.