Business Review of Portfolio of Three Hotels – County Westmeath and County Tipperary, Ireland
Office: Horwath HTL UK and Horwath Bastow Charlton
Category: Hotel Asset Management, Business Review
Scope of work: Business review of a portfolio of three mid-market hotels in Ireland.
Description of project: Horwath HTL UK was appointed by a leading Irish bank to conduct a thorough business review of three hotels in Ireland. Our expertise in hotels, together with the local accounting practice, allowed us to present an accurate picture of the operations and the performance of the portfolio.
Project Status: Assignment completed successfully. Horwath HTL UK recommended the appointment of a new operator on a long-term management contract, or an exit if possible. The lending bank later put the hotels on the market.