Asset description

Hotel D’Angleterre, Hotel Front, Hotel Kong Frederik are 4-5 star hotels located in central Copenhagen

Aggregate revenue €25 million

Icora's role

Identified urgent cash flow requirements and immediately drafted a business case for working capital funding to preserve value

Implemented formal management reporting and cash flow monitoring procedures which previously were non-existent

Recruited Financial Director and temporary General Manager

Recommended and implemented options to increase value – 4 star hotels were leased to hotel operators

Contributions led to significant increase in Hotel’s profitability

Sector:
Leisure
Location:
Denmark

Prior projects under the name Icora Partners from 2010 to 2017