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

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