Portfolio of 43 Hotels

Hotel Portfolio: The portfolio was acquired back in 2019 through a receivership process.

Food & Beverage: Due to the variety of locations and types of hotels, the portfolio has a wide range of food offerings. It showcases each regions’ gastronomic reputation.

Meeting space: Some of the group hotels in the largest cities (Paris and Lyon) provide extensive offerings, and some of the southern properties are ideal for congresses in resort-style facilities.

Wellness and Private Clubs: The mountain resorts have extensive Spa facilities with hammam and saunas.

Some Hotels Key Highlights, Strategy & Improvements

  • Understand the reporting requirements both on a property level for French GAAP and the US GAAP requirements.
  • Review the systems, books, records, and historical financial statements as well as the existing procedures of the entire operation to determine if there was complete control, integrity and to ensure all parties involved are performing their roles in line with existing agreements. We highlighted areas of concern, provided specific recommendations for each hotel and the group, delivered guidelines to implement best practices, and provided new monitoring asset management tools to improve the control over the portfolio.
  • Understand the life cycle of each property to ensure the proper management of documentation, reporting, and disposition of required.
  • Review deadline calendars and ensure timely submission of reporting.
  • Assess the quality of financial information for accuracy and completeness (including all reconciliations and tie-outs).
  • Review and suggest capital improvements for some properties as well as their positioning in the market
  • Provided other asset management tools (e.g., CapEx management), procedures and best practices.