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A pan-European family office.
What did Hotel Solutions Partnership achieve for the client?
HSP handled every step of the acquisition process from organising the first site inspection with the Vendor to coordinating with all the advisors the drafting of all the transaction documentation.
HSP’s acquisitions expert set-up and participated in conference calls with the Vendor and the Client to iron commercial terms eliminating from time to time any risks that could derail the transaction.
We sourced and interacted with potential operators including setting-up site inspections receiving and reviewing management proposals to allow our Client to rapidly appoint the best suited management company.
As this engagement took place during the Covid 19 pandemic, we regularly liaised with the appointed operator to review and amend profit & loss forecasts and monitor STR trading data as the situation developed. We also interacted with leading industry valuers and funders to monitor the impact of the pandemic crisis on the valuation of hotel assets and we advised the client as the situation unfolded.
The client is building a portfolio of international hotels and had identified an asset in central London to acquire.
Hotel Solutions Partnership (“HSP”) was engaged on a monthly retainer to provide advisory services to assist the client in the acquisition of the asset.
Scope of Work
HSP’s experienced acquisitions expert was engaged to undertake the following tasks :