Distressed Projects - Hotels, Resorts & Restaurants

At Morrissey Hospitality Companies we view the world from the perspective of the guests’ experience. From limited service to five-star, it is this experience and the guests’ perception of value that generate revenue and profitability. Our collective expertise, reputation, and the consistent success of our brands generate numerous opportunities to provide consultative services to emerging concepts and existing brands. Our areas of expertise include free standing restaurants, specialty catering and food services in sports, entertainment and convention centers, large office and corporate centers, and full and limited service lodging operations. eWe play an active role in creating new brands, restructuring existing brands, and in some cases, developing exit strategies for companies that are simply unable to compete. From concept development, managing restorations, developing solutions for technology and systems implementation, to repositioning ill-conceived concepts, MHC can aid you in your efforts to achieve profitability.

Morrissey Hospitality Companies has a proven and successful track record in working with distressed hotels, resorts and restaurants or ones that has entered into receivership.  When working with the lending institution or owner, we will work efficiently and quickly to identify problem areas within the asset.  Typically cash is in short supply and the property has suffered.

Operating from the perspective of an owner of the distressed hotel, MHC will formulate a detailed plan of action.  The focus is on four key areas:

1. Physical Plant - The asset will undergo a thorough inspection to determine pressing needs and needs which can be postponed.  Our experience in re-positioning hotels assists us in making smart decisions on how to implement changes to the asset and impact the guest without a significant capital investment.
2. Employees - All key employees are interviewed and either re-hired or terminated.  For those employees that will remain, a dedicated focus will be placed on improving morale.
3. Financial Reporting - Our reputation of generating timely and detailed financial information for distressed hotels or hotels in receivership have allowed us to create a strong reference list - both from owners and from the courts.
4. Revenue Generation - MHC brings a very tactical approach to increasing revenues for distressed properties in receivership.  All areas are put under a microscope: direct sales, third party channels (hotels.com, Travelocity, OpenTable, GDS, etc.), brand contribution, advertising and media programs, etc.  We creatively search for ways to make an immediate and cost-effective impact on revenues.

In the past three years alone, Morrissey Hospitality Companies has served a diverse list of clients in numerous projects from designing a food court for a new government building housing more than 1,100 employees, to redesigning the food service programs at performing arts centers and museums costing $100 million to build, our team of professionals have aided some of the regions top builders, developers, architects, organizations, and companies. We have repositioned existing conference centers, designed and built new hotels and resorts, and established best practices for existing clubs, restaurants and catering centers. In each instance, it is our unique approach, dedication to the customers’ experience and the owners’ desire for profitability, that make us an industry leader.