MAZARS IN HOSPITALITYContractorsFunds & Institutional InvestorsHotel Chains and BrandsReal Estate Investment TrustsReal Estate Owners, Operators & Developers

HOSPITALITY SECTOR REQUIRES SPECIFIC KNOWLEDGE. WE DECIDED TO INVEST IN A DEDICATED TEAM ABLE TO FACE THE SECTOR CHALLENGE. OUR MISSION IS TO CREATE VALUE AND HELP YOU TO GROW YOUR HOTEL BUSINESS.

WE UNDERSTANDYOUR CHALLENGES

MAZARS IS AN INTERNATIONAL, INTEGRATED AND INDEPENDENT ORGANISATION SPECIALISING IN AUDIT, ADVISORY, ACCOUNTING, TAX AND LE-GAL SERVICES. THE GROUP HAS A DIRECT PRECENCE IN 77 COUNTRIES AND DRAWS ON THE EXPERTISE OF MORE THAN 17.000 PROFESSIONALS TO AS-SIST COMPANIES AND PUBLIC BODIES, AT EVERY STAGE IN THEIR DEVELOPMENT.

▪ We help the entrepreneurs to optimise investments and maximize the results of the hotel management.

▪ We realise management tools and effective internal control systems of the eco-nomic, financial and hotel investment activity.

▪ We carry out on behalf of the property, targeted audits to data that are con-tractually used to determine the variable element of the remuneration paid to the property. We implement reporting systems in accordance with the standard USALI (Uniform System of Accounting for the Lodging Industry).

▪ We assist the hotel in repositioning processes, marketing and rebranding.

▪ We guide the hotel defining and executing renewal plans and extraordinary maintenance (Capex).

▪ We evaluate and integrate assets or acquired companies.

▪ We evaluate opportunities and asset sale conditions.

▪ We adapt the capital structure to your strategy and we find the best financial solution.

Economic conditions, technology changes and new standards make the hospitality sector a difficult arena where operate and thrive. Only an active management gives value to the investment.

MAZARS IN HOSPITALITY

Hotel Valuation

Mazars applies to every assessment methodologies and standards consistent with the targets of the engagement and the type of hotel.The framework and objectives of the assessment significantly influence the stan-dards and the valuation methodology applicable .Mazars applies recognised valuation standards in professional practice at an inter-national level (RICS Red Book).

In an increasingly competitive market, characterized by declining demand, increas-ingly aggressive competition and hotel investment yields lower than expected, it is necessary to adopt new strategies to free up resources and improve its competi-tiveness in the market .The mission of Mazars is to provide, in a pragmatic and effective way, services and monitoring tools specifically needed to improve the quality of services and eco-nomic performances of the hotel management.

Owner Support

The due diligence concerns the analysis and professional valuation of investment risks in the context of acquisition processes of hotels. Mazars thanks also to the network of professionale relationships is able to intervene in different areas such as financial, legal, technical and commercial ones.If the transaction has for object a hotel group or part of it, the verification should include operations intragroup and the conditions that determine them.

Due Diligence

Investors Selection

Mazars is able to assist investors and developers of new hotel initiatives in the re-search of new management partners presenting the initiative of hotel investment and supporting the process of negotiation and contractualisation of individual op-erations.

OUR TAILORED SERVICES

MAZARS IN HOSPITALITY

The market feasibility study allows to evaluate the economic potential of the ho-tel or resort that was designed and to ensure its economic viability.On the basis of an analysis of the area and the hotel market, Mazars experts are able to provide informations for the improvement of profitability about: room mix, hotel category and type, food and beverage services and accessories, architec-tural concept, economic and financial results.

Feasibility studies

The success of a hotel or a resort mainly depends on the operator who runs it. In addition an appropriate type of management agreement and the conditions therein determine the financial results for the owner.Based on the working relationships developed over the years, Mazars is able to know the type of hotel product most suitable for each brand and the manage-ment needs.

Operators Selection

The underlying value of audit is a means of maintaining the credibility of the business and, for listed companies, the sustainability of its share price value over the long-term. For an owner-manager, a professionally conducted audit is a vital business control and can be offered as part of our overall OMB business advisory approach.

Audit

Mazars is uniquely positioned to provide bespoke advice in all areas of taxation, helping our clients make properly informed decisions about their tax position whether they are an individual, a business owner or a corporate organisation. Our objective is to provide holistic advice which delivers a sustainable, risk man-aged, effective tax rate for business and their owners; wherever you are located, we will support you with local and global advice.

Tax

A single integrated service platform.

The difference maker for Mazars is the people in our Hospitality practice, working on a single integrated service platform, which brings together our professional experts in audit, tax and real estate advisory services.

It allows us to respond to our clients’ questions in a clear and definitive manner, on a timely basis and to execute and deliver our services efficiently and effectively.

We bring our deep experience and expertise to our clients in a personalised, hands-on fashion along with great attention to detail in a cost-efficient pricing model.

Through this unique platform, you will experience the following:

▪ An innovative approach to problem resolution ▪ An integrated team with specialised industry knowledge and technical expertise ▪ Continuous, hands-on partner involvement ▪ Highly responsive and dedicated multi-disciplinary team ▪ A strong commitment to provide tailored solutions to meet your needs

OUR TEAM AND APPROACH

OUR DEDICATED, MULTI-DISCIPLINARY TEAM COMBINES A FORWARD-THINKING APPROACH WITH A COMPREHENSIVE INTERNATIONAL HOSPITALITY EXPERIENCE ADVISING ON INVEST-MENT STRATEGIES, ACQUISITIONS, DISPOSALS AND EXIT STRUCTURES, CONSTRUCTION PROJECTS AND FINANCING STRUCTURES THROUGHOUT THE WORLD. THIS ENABLES US TO PROVIDE VALUE-ADDED SERVICES AT EACH STAGE OF YOUR REAL ESTATE PROJECT.

Mazars

CONTACTS

Mazars is present in 5 continents

Detailed information available onwww.mazars.com

AMERICA

Shahab Moreh - Real Estate Group Practice LeaderE-mail: shahab.moreh@weisermazars.com

USA

Donald BenderE-mail: donald.bender@weisermazars.com NETHERLANDS

Frederik HabersE-mail: frederik.habers@mazars.nl

Andreea EnescuE-mail: andreea.enescu@mazars.ro

ROMANIA

Anastasia TerekhinaE-mail: anastasia.terekhina@mazars.ru

RUSSIA

Åsa Andersson EnebergE-mail: asa.andersson@mazars.se

SWEDEN

EMEAFRANCE

Gilles MagnanE-mail: gilles.magnan@mazars.fr

Andreas LichelE-mail: andreas.lichel@mazars.de

GERMANY

Vasilis NiarchosE-mail: vasilis.niarchos@mazars.gr

GREECE

Noel CunninghamE-mail: ncunningham@mazars.ie

IRELAND

Danilo PapaleoE-mail: danilo.papaleo@mazars.it

ITALY

Paul GiglioE-mail: paul.giglio@mazars.com.mt

MALTA

Francois KarolyiE-mail: francois.karolyi@mazars.lu

LUXEMBOURG

ASIA

Julie LaulusaE-mail: julie.laulusa@mazars.cn

CHINA

HONG KONG

Stephen WeatherseedE-mail: stephen.weatherseed@mazars.hk

Emmanuel ThierryE-mail: emmanuel. thierry@mazars.jp

JAPAN

Gene KweeE-mail: gene.kwee@mazars.com.sg

SINGAPORE