A clear mandate.
A considered investment.

We establish target markets, investment range, hotel profile, room count, operating preferences and intended holding period. The mandate also considers available equity, financing assumptions, appetite for refurbishment, operational involvement and timing. These criteria provide a framework for assessing opportunities and identifying when a potential acquisition requires a deliberate exception or a change in strategy.

We review available evidence of seller authority, the route of access and the status of the sale process. The perimeter may include real estate, an operating company, equipment, contracts, intellectual property or other rights. Exclusions and dependencies are identified early. Legal advisers assess ownership, charges, third-party interests and implications of the proposed asset or share transaction.

We coordinate access to planning information, approved plans, building permits and completion or occupation documentation where applicable. Technical and legal advisers assess authorised use, built areas, extensions, additional rooms, changes of use and other alterations. Discrepancies, enforcement matters and regularisation proposals are recorded. Their potential effect on use, financing, investment plans, pricing and timing must be understood before the acquisition advances.

We organise tourism authorisations, registrations, declarations and classification records for specialist review. This includes official star category, authorised room and guest capacity, operator identity and conditions attached to operation. The review addresses validity, applicable renewal requirements, pending proceedings and any changes or approvals that the proposed transaction or operating plan may require. Marketed information is assessed against the official records.

The review may cover activity and opening permissions, fire safety, accessibility, installations, pools, food and beverage facilities, environmental matters and relevant insurance. We coordinate certificates, inspection records, notices and outstanding corrective actions. Specialists assess the significance of gaps and the steps needed to address them. Findings are considered alongside potential interruption, costs, timing and transaction conditions.

We organise historical accounts, management reporting, operating metrics, budgets and supporting information for financial review. Analysis may consider seasonality, revenue concentration, cost structure, operator fees, working capital, exceptional items and the basis of reported EBITDA. Financial and tax advisers examine liabilities and assumptions for the proposed structure. Material findings inform the investment case and commercial discussions.

We coordinate technical access, available surveys, maintenance records and refurbishment information. Specialists assess defects, lifecycle requirements, deferred maintenance and proposed improvements. Cost, timing, permissions and operational disruption are considered together. The acquisition assessment distinguishes essential expenditure from discretionary upgrades and tests repositioning assumptions against documented constraints.

We organise operating, brand, lease and material commercial agreements. Review considers fees, duration, guarantees, investment commitments, termination rights, assignment provisions and change-of-control requirements. Employment arrangements and transfer implications require specialist assessment. An intended operator change must be evaluated for feasibility, permissions, costs and transition requirements before relying on it in the investment case.

We support comparison of asking terms with trading evidence, capital requirements, operating arrangements and the investor's objectives. The offer process considers price, funding, timetable, exclusivity, diligence access and proposed conditions. Legal, financial and tax advisers assess the structure within their scopes. Material uncertainties are addressed through investigation, negotiation or a decision not to proceed.

We coordinate information between seller, buyer, operator, lenders and advisers as relevant to the assignment. Questions and findings are tracked with responsible parties, outstanding evidence and target dates. Commercial implications enter the negotiation process. Specialist conclusions, agreed conditions and completion requirements inform the buyer's decision. The firm supports coordination from an accepted offer through signing and completion.