Expert Hotel Receivership Services & Distressed Property Management

When a hotel asset is under pressure, lenders, owners, and investors need calm control, fast operational insight, and credible stewardship. Latitude Asset Management provides hotel receivership services and distressed property management that stabilize operations, protect cash flow, assess brand and operator options, and guide recovery or disposition decisions with institutional discipline across the Americas and cross-border judgment.

Distressed hotel asset management consultation

Our Hotel Receivership Services

Focused support for distressed hotels, lender-controlled assets, operational recovery, transitions, and value protection across complex hospitality ownership situations.

Distressed Stabilization

Stability-focused support for underperforming or lender-controlled hotels, including performance plans, operational diagnostics, cash flow protection, and recovery strategies tailored to complex ownership or default scenarios.

Receivership Oversight

Acting as an owner or lender proxy to oversee execution, hold operators accountable, manage capital planning, and ensure property-level decisions align with investment and recovery objectives.

Hotel Operations

Full operating leadership for hotels requiring hands-on intervention, with focus on revenue strategy, cost control, service standards, brand compliance, and financial performance improvement.

Lender Disposition

Support for banks and financial institutions disposing hotel assets after default, including asset evaluation, stabilization priorities, market positioning, and practical execution guidance.

Brand Transitions

RFP management, due diligence, franchise negotiations, management contract support, and 90–180 day handover coordination for properties requiring brand or operator change.

Financial Advisory

Financial analysis, scenario modeling, underwriting support, capital structure evaluation, and performance research to help stakeholders make informed decisions under pressure.

Hotel asset team reviewing turnaround plans

Our Distressed Hotel Recovery Process

Assess Authority, Risk, and Objectives

We begin by reviewing ownership goals, lender requirements, operating authority, financial records, brand obligations, and immediate risks. This creates a clear view of the asset’s condition, cash position, and the decisions required to protect value.

Stabilize Operations and Cash Flow

Diagnose Performance and Contract Issues

Execute the Recovery Plan

Prepare for the Next Outcome

The Latitude Difference

Why Choose Latitude Asset Management?

Specialized hotel investment leadership for high-stakes property situations.

360° Insight

A rare owner, operator, brand, and investor perspective guides every distressed asset decision.

Credentialed Team

Cornell-certified and CFA-level expertise bring rigor to hotel recovery and capital decisions.

Cross-Border Reach

Leaders across the Americas understand local market realities and international investor standards.

Hands-On Execution

The team stays hands-on, translating strategy into operational, financial, and stakeholder action.

Meet The Leadership Team

Senior hospitality leaders with cross-border investment expertise.

Portrait of Haizar Baiz, CEO and Head of Asset Management at Latitude Asset Management

Haizar Baiz

CEO and Head of Asset Management

Haizar Baiz is the CEO and Head of Asset Management at Latitude Asset Management, bringing over 18 years of industry experience across hotel operations, real estate, and finance. His career spans representing major brands, operating large-scale hotels, and advocating for investors across the Americas, giving him a rare 360° view of the hotel business. Known for turning around underperforming assets and growing market share, Haizar combines strategic insight with hands-on execution to drive measurable value creation. A Cornell-certified hotel investment and asset management professional, he leverages his multicultural background and fluency in English, Spanish, Portuguese, and French to build authentic trust with investors and partners across borders, ensuring every engagement is grounded in regional understanding and institutional discipline.

Portrait of Reid Morrison, Chief Brand Strategy Officer at Latitude Asset Management

Reid Morrison

Chief Brand Strategy Officer

Reid Morrison serves as Chief Brand Strategy Officer at Latitude Asset Management, contributing over three decades of leadership across hospitality, real estate, and technology. Throughout his distinguished career, he has led commercial strategy, optimized sales and revenue performance, and driven transformational growth for full-service properties and multi-brand portfolios across major markets. Reid is recognized for blending deep operational insight with forward-thinking strategy, focusing on long-term value creation through disciplined execution and data-driven decision making. His experience managing global teams and leveraging emerging technologies equips him to identify high-impact opportunities, streamline hotel performance, and deliver clear, strategic guidance to owners and investors navigating complex hospitality markets.

Portrait of Anthony Del Gaudio, Chief Business Development Officer at Latitude Asset Management

Anthony Del Gaudio

Chief Business Development Officer

Anthony Del Gaudio is the Chief Business Development Officer at Latitude Asset Management, with over 35 years of experience working alongside hotel owners, investment groups, asset managers, and operators across the hospitality industry. He is highly regarded for his expertise in asset repositioning, startup operations, deal structuring, comprehensive asset evaluation, and performance optimization. Anthony's distinguished career includes 14 years with Hyatt Hotels, 19 years with Loews Hotels, and three years with InterContinental Hotel Group, spanning wholly owned, managed, and franchise operations. His deep experience supporting portfolios from single assets to large multi-property holdings makes him an invaluable resource for investors and owners seeking disciplined, results-driven asset management solutions.

Portrait of Germán Ongay, Senior Strategic Partner for Mexico at Latitude Asset Management

Germán Ongay

Senior Strategic Partner (Mexico)

Germán Ongay is a Senior Strategic Partner for Mexico at Latitude Asset Management, bringing more than four decades of leadership experience in Mexico's hotel industry. Having served as CEO of Óptima Hoteles de México and Regional Vice President of Sales and Franchise Development for IHG Hotels & Resorts in Mexico, he is widely recognized for his expertise in franchise growth, brand expansion, and strategic market positioning. Throughout his career, Germán has led complex negotiations and development initiatives with major international brands, supporting hotel openings across key national markets. At Latitude, he drives regional brand strategy, franchise negotiations, and market expansion initiatives, leveraging deep industry relationships with owners, developers, and global brands to deliver well-structured growth strategies.

Portrait of Olmedo Herrera, Partner and Operations Lead at Latitude Asset Management

Olmedo Herrera

Partner and Operations Lead (Colombian Hub)

Olmedo Herrera is a Partner and Operations Lead for Latitude Asset Management's Colombian Hub, bringing decades of experience leading large, full-service hotels across Latin America. As a seasoned General Manager and senior operator throughout the region, he is widely respected for his operational leadership and strong relationships with owners, operators, brands, and local stakeholders. Olmedo has successfully guided hotel openings, renovations, and rebranding initiatives from early planning through stabilized operations. At Latitude, he serves as the firm's on-the-ground operations expert for Latin America, overseeing hotel operations, openings, and transitions. His deep regional knowledge and hands-on market insight enable disciplined execution that drives performance and delivers long-term value for investors and owners.

Portrait of Simon Lagardera, Vice President of Business Development for the Caribbean at Latitude Asset Management

Simon Lagardera

Vice President, Business Development (Caribbean)

Simon Lagardera serves as Vice President of Business Development for the Caribbean at Latitude Asset Management, bringing a powerful blend of hospitality expertise and entrepreneurial leadership. A graduate in Hotel Administration from Venezuela, Simon began his career in hotel operations before becoming a serial entrepreneur, founding and leading businesses across multiple industries throughout the Caribbean. This dual background enables him to understand both operational realities and the strategic priorities of investors and owners. At Latitude, he leads growth and business development initiatives across the Caribbean, leveraging his regional network and business acumen to identify opportunities and build trusted partnerships. He works closely with owners and investors to connect local opportunities with international standards and drive sustainable, long-term value creation.

Portrait of Randy Crohn, Real Estate Investment Advisor at Latitude Asset Management

Randy Crohn

Real Estate Investment Advisor

Randy Crohn is a Real Estate Investment Advisor at Latitude Asset Management, offering broad international experience in real estate, strategic partnerships, and cross-border growth. His career includes deal structuring, technology-enabled ventures, and senior leadership roles within global organizations, providing a well-rounded perspective on value creation and market expansion. Randy is recognized for navigating complex environments with clarity and precision, skillfully aligning stakeholders and uncovering high-impact strategic opportunities. His extensive experience working across multiple countries and cultures strengthens his capacity to support investors with informed judgment, strong relationships, and a disciplined, long-term approach to performance. Randy's cross-border insight adds significant depth to Latitude's investment advisory capabilities across the Americas.

Portrait of Javier Revelo, Financial Analysis and Research Advisor at Latitude Asset Management

Javier Revelo

Financial Analysis & Research Advisor (CFA)

Javier Revelo is the Financial Analysis and Research Advisor at Latitude Asset Management, bringing deep financial expertise and analytical rigor developed across institutional investment management, corporate treasury, and hospitality analytics in global markets. A CFA charterholder, Javier began his career in portfolio risk and portfolio management before moving into senior roles focused on revenue strategy, forecasting, and performance analytics within hospitality and transportation platforms. This unique combination of institutional finance discipline and commercial operating insight allows him to bridge investment strategy with real-world hotel performance. At Latitude, he leads financial analysis and research across acquisitions, portfolio strategy, and performance initiatives, supporting investors with disciplined underwriting, scenario analysis, and capital structure evaluation.

Frequently Asked Questions

What does a hotel receiver do?

A hotel receiver acts as a neutral, court-appointed or lender-supported steward responsible for protecting the property, preserving cash flow, and maintaining operational continuity. In hospitality, this often includes oversight of management, expense controls, brand compliance, reporting, vendor coordination, and recovery planning while ownership or lender decisions are resolved.

When should a lender appoint a receiver for a hotel?

How is distressed hotel management different from normal hotel management?

Can you manage REO hotel assets for banks?

Do you help with hotel brand or operator transitions?

How quickly can Latitude Asset Management stabilize a distressed hotel?

What information is needed to evaluate a distressed hotel asset?

Do you support asset disposition after stabilization?

Need Guidance on a Distressed Asset?

Speak with a hospitality asset expert about your situation.

Certified & Trusted

Awards and Recognition

Cornell hotel investment certification badge

Cornell-Certified Professional

Advanced hotel investment and asset management training.

CFA charterholder credential badge

CFA Charterholder

Recognized institutional finance and investment credential.

Hospitality asset stewardship trust badge

Institutional Stewardship

Disciplined stewardship across distressed hotel assets.

Discuss a Distressed Hotel Asset

Share your asset situation, ownership goals, and timing. Our team will review the opportunity and respond with a practical next step.

Contact Us Today

You can also send us a quick email at contact@latitude-am.com.