At Epic Hospitality Management, we understand that for a lender, a distressed hotel is one of the most complicated real estate assets. The key to success in acquiring the most favorable outcome is to retain a notable and experienced Operations Solution Professionals. Epic's Partners have a long and successful track record in the management, repositioning and successful disposition of assets. Epic Hospitality's extensive history in this process ensures an easy transition, leaving the lender in the comfort of trustworthy and committed professionals.
- --Develop a customized approach given the hotel's special market conditions, property conditions, and relationship with the brand (where applicable), to develop a strategy for the asset early in the process. The company provides complimentary consultations based on its knowledge of the industry and its experience with similar assets.
- -Our sales and efficiency-driven culture translates to early results in growing revenues to both top and bottom lines. Our operational and development team will assess and monitor the financial position of the asset on a daily basis, collect receivables and negotiate with vendors, all leading up to the maximizing of positive results.
- --Deliver a complete profit and loss statement reviewed by staff accountants, delivered in most cases within ten days of the close of each period. You can expect prompt reconciliation of cash, cash flows, assets, and liabilities.
Together we will develop a strategy to reposition the hotel for maximum recovery value. Working with qualified brokers, Epic Hospitality will help tell the story to potential buyers.
