Wisconsin Rapids, Wisconsin
While big law firms and national banks have the resources and funds to quickly transition hotels in foreclosure or reorganization, IDM has assisted many small banks with troubled properties in Hotel Receivership.
Such was the case of the Hotel Mead. In 2011, this iconic hotel fell onto rough times and the owners were forced to foreclose. WoodTrust Bank was appointed receiver and hired IDM to quickly secure and stabilize the property. Through market analysis, strategic repositioning, proper management, and demonstrating the financial potential of the hotel, IDM assisted the lender in successfully selling the hotel, while participating in the debt position.