Market, operational and financial due diligence for hotel Hilton – Podgorica, Montenegro

Overview
The European Bank for Reconstruction and Development (EBRD) was providing long-term financing to Hotel Hilton in Podgorica and has engaged Horwath HTL as an independent consultant to conduct market, operational and financial due diligence in order to enable EBRD management to make an informed decision on this financing.
Solution
Horwath HTL was appointed to perform market and operational due diligence with a focus on recommendations for performance improvement. Project deliverables were market, operational and financial audit; operational improvement plan for a turnaround needed to get higher performance; and modelled future scenarios in order to ensure financial restructuring.