Receive guests regularly (3)
I believe the answer is:
get
'receive' is the definition.
(synonyms)
'guests regularly' is the wordplay.
'regularly' means one should take alternating letters (regularly take one letter, leave next etc.).
The alternating letters of 'guests' are 'GET'.
(Other definitions for get that I've seen before include "See 18" , "Procure or secure" , "Fetch or obtain" , "Receive; obtain" , "Acquire" .)