◀ Back    Trigild Hospitality Why You Should Like Receivership Sales

Bisnow – Why You Should Like Receivership Sales

Receivership sales can be complicated and require a deep understanding of the court system. (Paying speeding tickets in traffic court doesn’t count.) But the results can make the effort worthwhile. An example is Trigild’s sale of two hotels in Valencia—the 118-room Holiday Inn Express on Championship Way and the 120-room Best Western on Wayne Mills Place—for $21M. CEO Bill Hoffman (with president and spouse Judy Hoffman) says Trigild was appointed receiver last November for five LLCs that owned the two north LA County hotels plus three other properties in a family trust. MORE>>>