Dimond Hotel Consulting Group

Advisory and actionable consulting services to leading hotel companies, independent hotels, lending institutions, trustees, law firms and municipalities.

  • Hotel Consulting
    • Acquisition Due Diligence
    • Hotel Impact and Infringement Analysis
    • Hotel Market and Feasibility Studies
    • Make Your Hotel Better Than Before
  • Litigation Support
  • Two Step Receivership Selection Process
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WHY SOME HOTELS FAIL

Short posts for hospitality consultants and those considering transitioning to hotel consulting and the industry it serves.

Why Some Hotels Fail

While most failures occur in a down cycle, many have failed in good times. Over a period of fifty years the industry has experienced ample up and down cycles to trace the causes to several factors including:

  • The hotel was not built to accommodate the prevailing market nor repositioned when conditions shifted.
  • The strategic business plan was never adjusted
  • Capital replacement needs were deferred
  • Unrealistic marketing and sales plans
  • Unrealistic budgets driven by owner or home-office expectations, as opposed to local experience

My experience has seen a number  of hotel  failures due to over leveraging that burdens the enterprise with a debt service that cannot be met regardless of strategy.

Thinking About Becoming a Hotel Consultant ?

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Email Us:
drew@dimondhotelconsulting.com
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(615) 974-7349

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