development

Hotel and Serviced Apartments Development

PREM Group has successfully partnered with equity investors, financial institutions and global brand management companies (such as IHG and Accor) to develop hotel and serviced apartment projects from concept stage to opening.

If you are currently considering a development project we would be delighted to hear from you as we are confident we can add value to the venture. We are interested in opportunities to purchase, lease and manage hotels and serviced apartments across Ireland, United Kingdom and Continental Europe.

Distressed Properties

Working in partnership with financial institutions and insolvency practitioners, we can act quickly to take a distressed hotel under effective control. Once the business is stabilised, PREM Group can perform an assessment of the trading performance of the property, identify areas where performance can be improved and implement change where necessary to maximise profitability and cash flow. We actively manage the hotel to turn the business around as quickly as possible.

Independent Business Reviews

PREM Group have extensive expertise and hands-on experience to offer concerned lenders through thorough Independent Business Review reporting.

Our team work closely with key management and staff, in conducting a full financial review of the business, business model and organisation structure to establish where value is created and identify potential risk areas. It allows us to develop a view on current and potential resources required for different levels of demand and to assess the short and medium term viability of the business.

Upon completion of the IBR we issue a detailed report of our findings along with recommendations on how best to protect the remaining value in the business and turnaround or receivership strategy. Our fact-based reports are unbiased, fair and provide an in-depth analysis of the company and its affairs.