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Restructuring

Detecting weaknesses and creating solutions
Hotels are capital-intensive properties that are usually highly dependent on external financing. Due to high operational fixed costs, especially personnel expenses, the industry is prone to crisis

  • triggered through an incorrect evaluation of market conditions, increased competitive pressure or insufficient marketing,
  • hidden through non-existing or inefficient controlling mechanisms
  • evoked and accelerated by incorrect or delayed investments not conform with market requirements.

Objective:

The first priority in restructuring the business is to rebuild liquidity and to avoid insolvency.

 

Services:

  • After detecting internal and external inefficiencies, a turnaround concept is being developed acting as the basis for the sustainable profitability of the business
  • Through our Interim Management HOTOUR guides underperforming hotel businesses from the analysis of the financial situation to the implementation phase - recommending immediate actions and medium to long-term measures to protect the business 
  • We develop Restructuring analysis, concepts for debt rescheduling as well as Bank financing and lead bank negotiations
  • We implement restructuring plans, assist during the Investor search and manage the business through one of our interim managers until the restructuring or the sale of the hotel is completed