The hospitality industry is a diverse, vibrant, challenging and innovative sector. The sector is a significant contributor to economic output, providing food, beverage, accommodation, entertainment and gaming facilities to both corporate and leisure users and forms an integral part of both the business and social fabric of Australia.
The economic and community significance of the sector is reflected by the considerable focus by regulators and the media. This focus can in some cases create uncertainty for operators, investors and financiers, and it is imperative to have an experienced and competent management team particularly when asset prices are fluctuating.
Australia is recognised as a world leader in hospitality, from five star resorts to budget accommodation and award-winning restaurants, bars and gaming offerings. The combination of all four of these facets in single venues is a unique feature of the Australian market.
Ferrier Hodgson’s hospitality team have assisted businesses transition through challenging times, implementing new strategies and plans, or obtaining finance. Our extensive experience means we can quickly formulate innovative, practically focused solutions and strategies for complex situations.
We work with financiers and investors to understand the operational and financial dynamics of the assets they are investing in, and work with management teams to develop credible finance strategies to service debt and meet the needs of equity providers. We also assist financiers in formulating strategies for recovering their exposures in situations of dispute and distress.
Our services cover:
- Assistance in obtaining debt or equity funding;
- Strategic business reviews, including performance improvement, pre-lending and strategic planning, working capital reviews, cash flow modelling and sensitivity analysis;
- Competitor and benchmarking analysis;
- Organisation and management skill reviews;
- Business restructuring and change management; and
- Formal insolvency solutions
Ferrier Hodgson are an active participant in the industry in every state, and we strongly support industry associations such as the Australian Hoteliers Association and the annual Hotels have Hearts charity.