France and Germany – Commercial due diligence of a portfolio of 180 hotels

Office: Horwath HTL France

Scope of Work: Horwath HTL has been appointed by an investment fund for the commercial due diligence of the B&B hotels portfolio. Our objective was to identify the potential of upside and the risk associated to the continuation of operations in Germany.

Description of Project: B&B hotels are 2 star rated properties with an average room size of 15 m² and limited service. The vast majority of hotels are located in France and marginally in Germany.

Project Status: The portfolio has grown fast in France and faster in Germany. The portfolio has been sold again with a significant upside.