REO Management

Principia Strategic Deployment utilizes a seasoned group of hospitality professionals to assist Special Servicers, Lenders and Banks with the transition and stabilization of REO properties during property take-over operations.

Each take-over and transition is unique, and offers its own challenges for all parties. Our full service REO Management programs offer a number of services tailored to the needs of the situation to make the transition smooth and efficient, while preserving the asset, and enhancing it’s revenue generation, helping to position it for a quick and profitable sale from day one.

We have a team of Hotel management professionals on call to effect the REO Management installation with 24 hour response time. We can have our team on site, ready to ensure the smoothest possible transition, including accounting for and securing property funds, records, receivables, employees, payroll, and stabilization of hotel operations. We stay on site as long as needed to ensure the property continues to operate in accordance with franchise and Principia quality standards, maintain proper controls, and ensuring the best possible presentation for potential buyers of the property.

Our Strategic Deployment Program offers a worry free transition, with high degree of accountability and reporting for the asset manager.

Principia REO Management Offers:

*24 Hour Response time – have our team on site, and working to ensure a smooth transition, taking possession of all assets;

*Audit of property accounts including operating cash & banks, accounts receivable and accounts payable, in-house payment and house accounts, to determine true status of financial assets and liabilities;

*Interim property management to ensure the efficient operation of the hotel, and maximize cash flow;

*Operations reviews to identify any staffing or process issues, and immediately addressing those ensure superior levels of guest service;

*Sales and marketing assessment to enhance revenue production adding value to the property and positioning it for a quick sale.

*Accurate and through reporting produced in a timely manner to provide a full accounting of hotel revenues, expenditures and cash flow forecasts;

*A full property inventory including all FF&E, supply inventories;

*A property inspection to identify any capital needs and deferred maintenance issues which need to be addressed, including a forecast of Capital needs and budgets;

Contact us today and have the Principia REO Management team on site at your hotel tomorrow.