APEX HOSPITALITY VENTURES
OUR SERVICES
WORKOUTS, RECEIVERSHIPS &
RESTRUCTURINGS
Apex offers efficient and cost-effective hotel receivership services and workouts. We understand the uniqueness of this asset class given their 24/7 operations, daily rents, franchise/license agreement, management and technical services agreements, labor agreements, and lender requirements.
We assist in providing an optimal path to an executable solution for all stakeholders, with the least disruptions and cost burden. Furthermore, we understand the legal intricacies and unique challenges found in distressed properties and their requirement of neutrality – an ability to serve in an unbiased manner.
Our services are highlighted by the following:
Develop recommendations for operational and guest experience improvements
Monitor micro and macro trends of the market which may influence performance
Conduct periodic meetings with court, operator, lender, and/or ownership
Review and prioritize all service and third party agreements
Compliance with local and state laws
Ensure proper HR procedures are in place
Ensure all systems, especially life safety, are operational and maintained
Implement accounting controls - bank account control
Evaluate physical needs – lifecycle – remaining franchise term