Asset Evaluation & Management
Asset Evaluation
Savvy lenders and mortgage holders insist on a lodging asset evaluation prior to moving forward with a foreclosure or other such steps to take control of a hotel with a non-performing loan. SHG Consulting|Management provides a preemptive review which investigates the potential upside; pitfalls and capital needs of the asset through our proprietary Hotel Assessment Tool® (click here). We also evaluate the operational expertise of the Management Company and/or on-site management. Our evaluation provides mortgage holders considering taking control of a lodging asset with solid data to assist them in deciding upon the most practical way to move forward.
Asset Management
Representing a mortgage holder’s or lender's interest is a specialized skill set. Our hotel asset management team provides a close level of scrutiny and oversight. We understand the needs of the lender including the need to dispose of the asset in a timely and cost neutral manner. SHG Consulting|Management ensures that the Receiver and management company you have engaged have the hotel on track, maximized and empowered to achieve. This close level of scrutiny is essential for lenders who find themselves in control of a lodging asset.
Our property asset management services provide hotel owners, investors and lenders with the peace of mind that our expertise is delivering a high level of performance oversight ensuring that your lodging asset is on track, maximized and empowered to achieve. Our property asset management team assists in identifying revenue opportunities and costs saving measures that to-date have not been exploited at the hotel level. This combination of services keeps our clients’ hotels competitive in an ever evolving marketplace.
We are qualified in most counties by Unified Court System of New York as Receiver and Property Manager pursuant to Part 36 of the Rules of the Chief Judge of New York and have operated hotels on behalf of the Resolution Trust Corporation (RTC) overseeing their fiscal, strategic, operational and sales operations. Our team has been responsible for over $100,000,000 in lodging assets.
To learn more about our Asset Evaluations and Asset Manaagement services contact Bradly Sax, Managing Partner, via email at BSax@SHGOnline.com or by telephone at 877.744.4744 extension 702.
