Hotel owners are often extraordinary business people, but hotel management requires skills that are not typical to managing a business. BON Hotels are making a name for themselves in the hotel rescue field and there’s nothing like watching the process of the team take-over of a failing hotel. Moving into a distressed property is a mass team effort: a successful emergency team can turn a property around in as little as 72 hours....
The current hotel climate is certainly experiencing a degree of uncertainty in the form of mixed messages. Reports of an expected hotel boom or vast improvements in tourism numbers are surfacing, yet as we move in the hospitality circles with our ears to the ground we are still noticing a lot of properties that are in distress. So the big question is when is a hotel in trouble? When and who should an owner call for help?
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