We have specialised in hotel consulting. Within this small market niche, we offer a complete portfolio of services for the hospitality industry. You can combine the following services or products in order to obtain a package tailored to your specific needs:
Feasibility study
Feasibility studies ascertain the economic feasibility of a project or the suitability of a location or market for a hotel. The PKF feasibility study is an internationally acknowledged quality product and highly accepted by financial institutions and hotel groups. Therefore, a PKF feasibility study provides an ideal decision basis for the development, financing or operation of a hotel.
We offer the following services/products:
location and market analyses
project screenings
short assessment of the general suitability of location and market for a hotel
feasibility studies - short version
overview of the economic viability of a hotel project;
especially for internal purposes
feasibility studies - full version
detailed presentation of the economic viability of a hotel project;
for internal and external purposes (e.g. for financing and operator search)
Valuation
Due to the combined experience of hotel consultants, auditors, tax consultants and architects we can guarantee you the highest standards of know-how and reliability concerning the valuation of hotels.
We offer the following services/products:
analyses of hotels
valuations of hotels/hotel properties
valuations of hotel groups
valuations of lease/management contracts
due diligence assessments
Project development
In order to guarantee the success of your project, we offer you our assistance in the project development process. Step by step, we will guide you towards your goal: the opening of a successful hotel or resort. We coordinate all parties involved and support them with our specific knowledge.
We offer the following services/products:
hotel-specific project controlling
architectural/conceptual consultancy
investment appraisals/studies
Operator selection
If you are looking for a hotel group to run a planned or existing hotel, we can assist you with the selection of a suitable operator. Furthermore, we advise you with regard to the financial and legal aspects of a management or lease contract. Drawing on a large number of successful contract negotiations, we can use our experience and our library of various contracts to avoid excessive risks. A fair and clear contract is the basis of an agreement which can withstand future challenges.
We offer the following services/products
selection of suitable operating company
negotiations of management or lease contracts
selection of suitable franchisor or hotel cooperation
negotiations of franchise contracts
Strategic consulting
Together, we develop strategies to improve your hotel's financial results. As external controllers, our neutral position as well as the ability to compare figures based on industry standards and individual benchmarks help us to analyse problems and draw the right conclusions.
We offer the following services/products:
operational consulting
assistance with (re-)positionings/restructurings
quality audits/mystery guest programmes
asset management/owner representation for hotels
Research
Modern management is based on a broad basis of relevant information. One of the founders of PKF (Pannell Kerr Forster), William J. Forster, developed the Uniform System of Accounts for the Lodging Industry (USALI) in the 1920s, thereby substantially influencing the hospitality industry. This department-oriented accounting system is still being used by all major hotel companies world-wide and also increasingly by independent hotels. As the undisputed industry standard it provides the basis for almost all financial statements and forecasts in the hospitality industry.
On this basis, PKF has been gathering ratios of hotels from all over the world for decades. The databases of PKF offer a broad range of industry-related figures which make a comparison of your data on an international scale possible.
We offer the following services/products:
Property services
Our hotel and real estate experts assist you with the sale or acquisition of hotels or resorts. PKF acts as consultant during this process. Due to our in-depth understanding of the industry, we have excellent contacts in the hospitality, real estate and financial sector.
We offer the following services/products:
Corporate finance
Our hotel and real estate experts support you in strategic questions concerning project finance. We assist in raising equity or obtaining third-party financing especially with regard to the planned sale of a company or with the acquisition of hotels and hotel groups or the re-positioning of hotel assets.
We offer the following services/products:
project financing
acquisition of hotels
investor selection
sale of hotels
management-buy-in/buy-out
