Hospitality Services

Success in the hospitality industry comes from a strong brand and satisfied customers. But it is also the result of a solid financial statement, access to capital and sound strategic planning.

Reznick Group’s hospital industry professionals help owner-operators, developers and management firms keep their properties on firm financial ground by drawing upon deep commercial real estate knowledge as well as experienced teams in audit and assurance, capital markets, tax, valuation and transaction advisory, and more. We provide a range of accounting, tax and business advisory services to hotels, resorts, spas, golf courses and other property types, providing effective business solutions at key strategic points from acquisition to exit:

  • Acquisition due diligence: We have advised on hundreds of transactions, ranging from single properties to large portfolios, using proprietary methodologies to deliver comprehensive analysis and rock-solid NOI numbers.
  • Loan refinancing: Our extensive experience with local lenders and their criteria allows us to see hospitality companies as lenders do. We can recommend the appropriate restructuring to help improve balance sheets and also facilitate introductions to a wide network of lenders.
  • Performance benchmarking: Our experience in virtually every sector of the hospitality industry means we can conduct authoritative, customized benchmarking of key performance indicators in an effort to improve profit margins.
  • Tax planning and tax credit strategy: We can provide comprehensive tax planning, as well as identify opportunities to lessen the tax burden through cost segregation studies and tax credit programs such as the Historic Tax Credit for historic rehabilitation.
  • Succession planning and exit strategies: We help hospitality property owners determine a succession or sale strategy that is in the best interest of their families, their business and their legacy. We then advise in areas like trust and estate planning, property valuation and corporate restructurings.
  • Assisting foreign owner-operators: We have helped many owner-operators from Europe and Asia to negotiate complex tax regulations and accounting issues when establishing or expanding their U.S. presence.

Services

Assurance and Accounting

  • Audit services
  • Internal control reviews
  • Agreed upon procedures
  • Sarbanes-Oxley Act Section 404 compliance
  • Lease audit and administration
  • Acquisition audits under Section 305 for SEC registrants
  • Fair value analysis and consulting 

Tax Compliance and Consulting

  • State and local tax
  • Tax credit advisory services
  • Tax return preparation
  • REIT due diligence

Business Advisory and Valuation

  • Transaction structuring
  • Cost segregation studies
  • Capital markets
  • Valuations and appraisal
  • Litigation support
  • Accounting and tax outsourcing

Reznick Group has worked with most major hotel and resort brands, from limited service to luxury, as well as boutique properties, hospitality management companies, restaurant chains and golf resorts.