Aimbridge expands hotel support services

The ARS platform provides lenders and special servicers with assistance in navigating distressed assets. Photo credit: iStock / Getty Images Plus / fizkes

Third-party hotel management company Aimbridge Hospitality is expanding its Aimbridge Receiver Services to help stabilize hotels with distressed debt and recover lost value due to the ongoing challenges in the hospitality industry.
 
The ARS platform provides lenders and special servicers with assistance in navigating distressed assets. The platform is solely dedicated to hotel distressed assets, and Aimbridge has a specialized team to handle all functions including legal, operations, receivership, financial reporting and franchise negotiations.

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"We learned from previous financial downturns that working with lenders and special servicers is not a part-time effort. We created ARS with dedicated, seasoned veterans who have the experience of over 200 previous distressed assignments," said Aimbridge Hospitality CEO Dave Johnson. "This capability allows us to leverage Aimbridge's scale for the benefit of the financial community."
 
Using the company's resources, data and tools, the ARS team assesses and executes strategies to stabilize and rapidly reposition hotels. The team assists lenders, servicers, and hotel owners with their non-performing hotel loans going through foreclosure, bankruptcy, workouts and receivership. They offer court-appointed receivership services, the recommendation of immediate cost-containment strategies, workout strategies, brand assessment and negotiation, and asset disposition assistance.