As a receiver, Driftwood Hospitality Management is cognizant of the lender’s priorities to gain control of the asset, minimize liability and stabilize operations. This awareness is an intuition that comes with experience and helps Driftwood transcend barriers as it relates to receivership.
To maximize an asset’s true value, it is imperative to quickly ensure a positive brand affiliation. Just as important is a concentration on internal and supplier relations, support current talent and filling voids that may exist. With experience in acquisitions and the rebranding process, as well as an understanding of court reporting and bonding requirements, Driftwood seamlessly facilitates the overall transition of distressed properties.
As a third-party operator, Driftwood understands the complexities of these assignments and efficiently conduct a takeover of operations upon appointment. Specifically, the company focuses on the following areas: