Managing Hotels in Administration

Protect the value of your asset during the Administration process

Grown turnover of hotels in Administration by 12% and reduced procurement costs by 10%

BDL are industry experts at dealing with banks and their hotels in Administration.

Profitably trading your assets, delivering a higher exit price whilst ensuring all standards are met

Experienced team who have worked on distressed hotels

Managing hotels that have gone into Administration requires a specific strategy. Difficult decisions are required to be made to keep the hotels operationally viable, profitable and legally safe.

BDL Management have an established reputation of being able navigate through the complexities of a hotel group in Administration, whilst keeping the hotels trading profitably and also ensuring that these are legally compliant.

We will stabilise the business, operate it legally and deliver budgeted profit.rossleahall

BDL has managed over 20 hotels that have gone into Administration. We have been brought on to ‘steady the ship’ and drive the business during this difficult period. Many of the hotels that went into Administration and were given to BDL to manage have now been successfully sold.

We bring with us a large central staff able to cope with taking on additional properties and large buying power to achieve cost savings. Having the BDL central team involved in the management, Administrators have been able to take out large central ‘head office’ costs.

In many situations, the banks have been aware that the marketing for selling hotels is unpredictable and therefore believe that at times, they will have to hold onto their assets for a period of time. It is therefore important to ensure that the hotel’s profitability is improved during the Administration period.

BDL Management has been engaged to drive revenues and cut costs.  Typically we would:

  • Work with the Administrators and understand their plans for the asset
  • Do a thorough review of each department, creating an action plan
  • Assess and re-work the structure to ensure it is effective
  • Manage business on the books, including weddings and other functions, to minimise impact
  • Manage employee expectations and create a stable environment
  • Work to keep the hotel compliant with all statutory laws and regulations
  • Achieve cost reductions through our procurement team

Our Clients have included:

  • Anglo Irish Bank
  • LBG
  • RBS
  • Ernst & Young
  • BDO
  • Zolfo Cooper
  • KPMG