Renovating or re-branding a property can be an exhaustive process, but here are some things hoteliers should keep in mind during times of transition.
When a business is distressed, it’s difficult to ascertain the issues and address them properly.
Typically poor physical asset quality and overall failing commerciality are the biggest reasons for distress. That includes any number of topics from over leverage and overbuilt to simply a litany of cost ‘creeps’ over years of trading.
Read about the top 10 main areas to focus on when assuming an under performing property in Euan’s article on Hotel News Now.