Insolvent Hotels
Supporting IP’s pre-appointment and trading to exit
Over the past 10 years, Assured Hotels has been engaged by various insolvency practitioners (IPs) to manage and trade numerous insolvent hotels and hotel groups. This extensive experience has provided us with unique insights and deep sector knowledge, establishing our reputation as a specialist support provider in this niche market. Our work with insolvent properties has given us a comprehensive understanding of the complexities and challenges involved in managing these assets. We are well-versed in the specific rules and regulations governing financial liabilities and IP responsibilities, ensuring that we can provide informed and effective support throughout the insolvency process. Our team excels in balancing the often conflicting demands of creditors and debtors while maintaining a stable supply chain and producing timely, robust financial reports.
When tasked with a pre-appointment assessment by the IP, we conduct thorough evaluations to establish an informed trading position, determining the potential for cash generation and assessing the viability of continued operations. This enables us to make informed decisions about whether to continue trading or to protect the asset value through a strategic funding requirement to exit. Upon appointment, Assured Hotels takes over the day-to-day management of the business and personnel, with the goal of maximising outcomes for all stakeholders. Our approach focuses on driving sales growth and implementing rigorous cost management strategies to improve the financial health of the hotel. We also work to avoid price reductions during purchaser due diligence, ensuring that the property retains its value.
