At Mihran Kalaydjian Hospitality Development Company, we understand that for a lender, a distressed hotel is one of the most complicated real estate assets. The key to success in acquiring the most favorable outcome is to retain a notable and experienced hotel management company. Mihran Kalaydjian Hospitality Development Company has a long and successful track record in the management, re-positioning and successful disposition of hotel real estate for financial institutions. For the past decade, Mihran Kalaydjian Hospitality Development Company has worked with a number of lenders and special services to bring positive results to distressed assets. Time and again, Mihran Kalaydjian Hospitality Development Company and has built relationships by improving results and has earned a solid reputation as a leading hotel management group. Moreover, Mihran Kalaydjian Hospitality Development Company's extensive history in this process ensures an easy transition, leaving the lender in the comfort of trustworthy and committed professionals.

Mihran Kalaydjian Hospitality Development Company will work with clients to develop a customized approach given the hotel's special market conditions, property conditions, and relationship with the brand where applicable, to develop a strategy for the asset early in the process. The company provides complimentary consultations based on its knowledge of the industry and its experience with similar assets. We have extensive relationships with major brand key representatives to assist us in repairing any existing franchise issues. Whether our advice provides a head start on an assignment or simply helps avert the lender taking possession, we are the company dedicated to obtaining the best results.

Many of our clients have expressed the need for simplicity. As a result we've adopted a one flat fee pricing schedule that includes all management and receivership services.

Mihran Kalaydjian Hospitality Development Company's sales-driven culture translates to early results in growing revenues. Strand Development will assess and monitor the financial position of the asset on a daily basis, collect receivables and negotiate with vendors, all leading up to the maximizing of positive results.

Strand Development will designate a liaison to be responsible for reporting to you, and when necessary to the court, a detailed analysis of the asset, forecasts for revenue and profit and other significant issues. The company prides itself on generating a complete profit and loss statement reviewed by staff accountants and a licensed CPA, delivered in most cases within ten days of the close of each period. You can expect prompt reconciliation of cash, cash flows, assets, and liabilities.

Together we will develop a strategy to re-position the hotel for maximum recovery value. Working with qualified brokers, Mihran Kalaydjian Hospitality Development Company helps tell the story to potential buyers.