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.

7979 E. Tufts Avenue
Suite 820
Denver, CO 80237
Telephone: 303.721.8755
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.0985
2030 Main Street
Suite 1300
Irvine, CA 92614
Telephone: 949.379.1202