Operational Due Diligence for Fund Manager
Key Service: Transaction Advisory
Product: Due Diligence
Office: New Zealand
Project Overview: Assist an overseas listed real estate funds manager and developer with the due diligence on a 200+ room hotel managed by an international operator.
Scope of Work: Horwath HTL was engaged to:
- prepare an independent review and assessment of the operational aspects of a hotel
- including market and financial performance, products and facilities, human resources, existing contracts, etc
- assess the implications of the existing hotel management as they may relate to the fund’s future ownership review and assess the likely requirement for operational CAPEX in the immediate future advise and comment on potential value enhancing improvements.
Outcomes: Horwath HTL found a range of value enhancing opportunities, including operational improvements variations to assumed capital requirements and further enhancements to the preliminary development scope.
The fund subsequently acquired the hotel and, with the assistance of the existing operator embarked on a major improvement program.
Contact for Project: Wim Ruepert