Case Studies

Receivership Sale of Shuttered Burned Hotel in Sacramento

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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Home·Receivership Sale of Shuttered Burned Hotel in Sacramento

The Situation

A partially burned, non-operational hotel property with asbestos located in Sacramento, California.

How We Advised

As State Court Receiver, we successfully achieved a loan recovery for the lender. Upon determining that rebuilding was cost-prohibitive, we pursued a Receivership Sale.  This solution eliminated any future environmental liability risk for the lender that could have resulted from a foreclosure.

Our key actions leading to the successful sale of the property included:

  • Took control of the property.
  • Completed required cleanup.
  • Ensured the shuttered property was in compliance with the city and county to avoid fines.
  • Confirmed property met requirements to assure return on insurance claim.
  • Property was sold “as is.”

Related Practice Areas

> Receiverships 
Federal and state courts, creditors, and legal counsel choose our team to serve as Receiver of distressed businesses and real estate entities. We stabilize operations and cash flow, safeguard business assets, and pursue methods to maximize financial recovery. Our multidisciplinary team applies a wide breadth of restructuring and industry experience as Receiver to take control of companies facing financial, operational, and legal issues. 
 

 

> Solutions for Distressed Situations 
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. 

Key Contact

For additional information about the engagement or to learn more about our services, contact:

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