Hospitality & Entertainment Consulting Firm

Few industries have experienced as much recent upheaval and uncertainty as hospitality and entertainment. Pandemic-induced reduction in travel and entertainment, hotel labor shortages, safety-related operational changes, and socially-distanced or canceled events have led to financial and operational stresses on companies throughout the sector.

CR3’s hospitality and entertainment offerings meet clients wherever they are, whether with financial restructuring, lease renegotiations, lender management, franchise-agreement restructuring, or operational improvements across the organization.

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Al Jazeera Media Network

Al Jazeera Media Network

The client was a television news channel that employed over 900 people across more than 20 geographic locations. The CR3 team assisted the client in exploring strategic alternatives and ultimately developed and implemented a course of action that enabled the company's managed exit from the market.
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Revel Atlantic City

Revel Atlantic City

An Atlantic City hotel and casino went through a prepackaged Chapter 11 bankruptcy one year after opening. Although the bankruptcy reorganized its capital structure, it did not cure the property's underlying operational deficiencies and the company continued to perform poorly.
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Texas Rangers Baseball Club

Texas Rangers Baseball Club

The client was the $160MM equity holding company for the Texas Rangers Baseball Partners (TRBP). Owner Tom Hicks filed a pre-packaged bankruptcy to sell the team, but the banks denied it due to the price, so the team's parent company's bank mandated an involuntary bankruptcy.
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Explore Professionals

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Dawn  Ragan

Dawn Ragan

Partner
Barak  Tulin

Barak Tulin

Partner
Suzanne  Roski

Suzanne Roski

Partner
Dustin  Lough

Dustin Lough

Partner

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Keys to Ensuring a Successful Roll-Up
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Keys to Ensuring a Successful Roll-Up

Roll-up mergers can create significant value through scale and cost savings, but not all roll-ups perform as expected. Speed of integration may be the most challenging factor when acquiring and consolidating multiple assets.

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Managing the Insource/Outsource Mix within a Restaurant Environment
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Managing the Insource/Outsource Mix within a Restaurant Environment

Ensuring every detail throughout the customer experience, as well as the back office, is executed according to a specific vision can lead to success, but it often means taking on functions internally that the business is not well-positioned to execute, or outsourcing functions that are best performed in-house.

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Performance Improvement, A Primer
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Performance Improvement, A Primer

This introductory article is first in a Performance Improvement series. Subsequent articles will isolate and expound upon specific tools and techniques.

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