Icora Partners

Asset description

Hotel D’Angleterre, Hotel Front, Hotel Kong Frederik are 4-5 star hotels located in central Copenhagen
Aggregate revenue €25 million

Icora’s role

Identified urgent cash flow requirements and immediately drafted a business case for working capital funding to preserve value
Implemented formal management reporting and cash flow monitoring procedures which previously were non-existent
Recruited Financial Director and temporary General Manager
Recommended and implemented options to increase value – 4 star hotels were leased to hotel operators
Contributions led to significant increase in Hotel’s profitability