Getting Lenders out of Non-performing Hotels
10.31.18
Receivership Sale – Better than Hotel Foreclosures Non-performing hotels can cause unique challenges for their lenders when asbestos is present. Foreclosing is unattractive due to the threat of future environmental liability risk for all parties on the property’s chain of title. A Receivership Sale, however, provides a path to recovery without the future environmental liability risk. From Non-Performing […]