Operational and financial leadership for properties that can't afford to go dark.
Hotels, resorts, and hospitality venues face a fundamental challenge in distress: closing the doors destroys the asset. Lighthouse has served as receiver and interim CFO for full-service hotels, waterpark resorts, and multi-amenity properties, managing day-to-day operations through Chapter 11 and court-supervised sale processes while preserving the revenue streams that drive recovery.
A hotel in distress is still checking in guests, managing a kitchen, and servicing a mortgage, every single day. We provide the financial leadership and operational management to keep the property performing while the restructuring or sale process unfolds.
Served as receiver for a 240 room hotel in northern Minnesota.
Challenge: A newly constructed hotel near the University of Bemidji had experienced cost overruns and limited customer traffic. The borrower defaulted on a syndicated loan and ownership disengaged from operations.
The Solve: A newly constructed hotel near the University of Bemidji had experienced cost overruns and limited customer traffic. The borrower defaulted on a syndicated loan and ownership disengaged from operations.
The Outcome: Within 15 months, a sale had been consummated resulting in a near full recovery for secured creditors. With improving operational trends, the hotel continues to successfully operated eight years later.
How we stabilize hospitality properties.
1. Property & Revenue Assessment: We evaluate occupancy, ADR, RevPAR, departmental profitability, franchise obligations, and capital needs to build a complete picture of the property's financial position and market potential.
2. Operational Management: We step into day-to-day management handling front desk, F&B, housekeeping, maintenance, and vendor relationships to stabilize operations and preserve the guest experience that supports revenue.
3. Lender & Stakeholder Engagement: We communicate directly with lenders, franchisors, and equity holders to negotiate forbearance, manage receivership proceedings, and build consensus around a resolution strategy.
4. Sale or Restructuring Execution: We manage the marketing and sale process, positioning the property to attract qualified hospitality buyers, or executing a restructuring that restores the property to financial viability.
The best outcomes start with early action.
The sooner we're at the table, the more options remain available. Reach out for a confidential conversation with our team