As an experienced operator of hotels through all economic business cycles, Bravara is well placed to undertake the difficult assignment of managing distressed hotels nearing foreclosure or receivership. Our 4 stage momentum programme works as follows:
Stage 1: Measure
- verifies current status and implements systems to track performance
- agree a short term cash flow and profit improvement plan
- segmentation of revenue streams critical to identifying early opportunity for improvement
Stage 2: Monitor
- regular systemic review of performance against plan
- investigating variances and taking continuous corrective action
- honing the understanding of the risk profile of revenue streams
Stage 3: Mentor
- working with the management team to improve their skills and confidence
- instil a culture of working together with integrity to an agreed plan
Stage 4: Manage
- the exit route by handing back to existing management or taking over a management contract
- enabling informed choices with the skills to implement if required
