Receivership Services

Malibu Hotel Group facilitates receiverships and offers a wide range of asset receivership services for hotel and other commercial properties in receivership or foreclosure. Our services include reviewing receivership orders, court appearances, pre- and post-takeover service, and tax assistance.

• REVIEW ORDER: Malibu Hotel Group will assume the responsibilities of the Proposed Receiver and review receivership orders to ensure protection of hotel assets.
• INITIAL COURT APPEARANCE: As the Proposed Receiver, Malibu Hotel Group will appear in court to provide testimony, present qualifications, and set the bond and issuing order.
• TAKEOVER SERVICES: Malibu Hotel Group will take possession of all hotel assets, including securing cash on the property and seizing all accounts and sends notification of Receivership status to the franchise, vendors, lessees, and interested parties. Human resources specialists help the transition.
• POST-TAKEOVER SERVICES: Malibu Hotel Group handles operational and administrative duties for the Receiver, including protection of the franchise; state and local sales and occupancy tax issues; pre-takeover lawsuits, claims, or outstanding insurance matters; obtaining control of deposits from utilities and government entities; and managing pre-takeover vendors and leaseholders.
• REPORTING: Malibu Hotel Group prepares a monthly Receivership Report as directed by the Court using standard accounting practices, and issues a final accounting to the Court after foreclosure in a thorough and timely manner.