Business Turnaround Services

A successful business model is where perceived pricing is in relative equilibrium with the value proposition. Simply stated, disequilibrium creates loss in market share and/or financial loss. 

 

The process of managing towards this equilibrium is rather more complex than the implied simplicity of the aforementioned sentence. This complication arises because in hospitality, an intangible asset – our emotions, is the main driver of value perception. Moreover, while some emotions are triggered by certain events during a guests experience at your operation, their ultimate source can date back weeks, months or years before they arrive. 

 

In order to overcome this challenge, Pearl Hospitality has devised a process-focused operational handbook that combines the science of profitable hospitality management with the artistic element of bespoke service, to succumb to the highest emotional experiences of any hospitality operation while ensuring prudent business and financial performance. 

 

Pearl Hospitalitys' multi-dimensional background as both Operators, Developers and Advisors is one of many reasons we are able to harness cross-functional experience to turnaround hotels, restaurants and spas. Our competence is a tribute of the comprehensive understanding of required soft-skills that can only be delivered by the right floor team equipped with proper training and enforced through a process-driven mindset that leverages an economics-based decision making process.

Globally and through our affiliated partners, we manage, as operators, in excess of 180 hotels, restaurants and spas predominantly in the premium market segment. This means we have the backbone to analyze, hire, train, manage and deliver quantifiable results.

 

Our deep-rooted experience, as both operators and owners, means we understand the risks that owners face and we have the expertise in driving change on the operational level.

 

We are more than mere advisors and consultants; we are your comprehensive interim management solution that diagnosis the situation, forms a solid turnaround plan, and then drives the execution to ensure economic elevation of your asset.  

Globally and through our affiliated partners, we manage, as operators, in excess of 180 hotels, restaurants and spas predominantly in the premium market segment. This means we have the backbone to analyze, hire, train, manage and deliver quantifiable results.

 

Our deep-rooted experience, as both operators and owners, means we understand the risks that owners face and we have the expertise in driving change on the operational level.

 

We are more than mere advisors and consultants; we are your comprehensive interim management solution that diagnosis the situation, forms a solid turnaround plan, and then drives the execution to ensure economic elevation of your asset.  

 

 

PH Scope of Services: Business Turnaround

PHASE 1. DIAGNOSIS

PHASE 1. DIAGNOSIS

- Brand Assessment - Concept Assessment - Financial Audit - Management Assessment - Operational Audit - Procurement Assessment

PHASE 2. TURNAROUND PLAN

PHASE 2. TURNAROUND PLAN

- Asset Loss Prevention - Credit policies (Receivables/Payables) - Debt Restructuring - Exit Strategy - Menu Planning & Pricing - Operating Manuals - Procurement Plan - Recruitment & Training - Re-Branding - Sales & Marketing Plan - Systems, Processes & Automation - Service Culture Training - Yield Optimization Modeling

PHASE 3. EXECUTION MANAGEMENT

PHASE 3. EXECUTION MANAGEMENT

- Interim Management - Restaurant Growth - Regional Franchising

PEΛRL HOSPITΛLITY