Cordes & Company

Management transition for weekly motel

The owner and lender of a weekly motel in Las Vegas were dissatisfied with operations of the 271-unit property under a management agreement.  The owner went to court in order to request appointment of a receiver, who would then have authority to cancel this agreement and replace the management.  Cordes & Company was appointed receiver for the property.  We put in place new on-site managers and stabilized operations.  In addition, we addressed significant health and safety issues.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.6027
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