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