Hotels & Resorts
Operating businesses, management rights, and assets, transacted together or deliberately apart.
INDUSTRIES
Hospitality & Entertainment
We are selective in this sector. The work we take is in cash-generative groups and assets with a structuring or partner-capital angle, not in turnarounds. Where a business generates real cash and the constraint is capital or structure rather than performance, there is something to do. Where the constraint is the operation itself, there usually is not.
The owners we work with are expanding and under-capitalised, holding an asset that needs restructuring before a sale, or looking for a discreet way out of something profitable.
Selective. Cash-generative groups and assets with a structuring or partner-capital angle; not turnarounds.
Selective. Cash-generative groups and assets with a structuring or partner-capital angle; not turnarounds.
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Where we engage
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Partner capital for cash-generative groups expanding beyond their balance sheet
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Restructuring of assets ahead of a sale process
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Discreet exits from profitable operations, run off-market
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Co-investment alongside the firm where the cash flows support it
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Cross-border structuring for groups operating across jurisdictions
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Sector coverage
We advise operators and owners across venues, accommodation, and leisure, where the operating business and the real estate must each be valued on their own terms.
Pubs, Clubs & Gaming Venues
Freehold and leasehold venues where licences, entitlements, and land each carry value.
Restaurant & QSR Groups
Multi-site operators and franchise networks where unit economics and rollout discipline set the price.
Leisure, Attractions & Experiences
Destination assets and experience operators with seasonality to structure around.
Travel & Tourism Operators
Inbound, touring, and accommodation-linked businesses where distribution and margin discipline decide value.
Events, Venues & Catering
Contracted venues and event businesses where the forward book provides the visibility buyers pay for.
Sports & Live Events
Teams, venues, promoters, and event operators where rights, attendance, sponsorship, and calendar control drive value.
Fitness & Wellness
Clubs, studios, and franchise systems valued on membership durability and site economics.
Holiday Parks & Mixed Accommodation
Assets where land value and operating yield compete for the same dollar.
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What we are seeing
Capital has returned to hospitality selectively. It wants format-proven operators with a rollout, not single-site stories.
The split between operating company and property is where most value is created or lost in this sector. The structure precedes the price.
Licences and entitlements are appreciating assets in constrained jurisdictions, often worth more than the earnings they sit beneath.
Typical situations
Typical Situations
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A cash-generative group that needs partner capital to expand and will not accept the wrong terms.
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An asset that needs restructuring before it can be sold properly.
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An owner seeking a discreet exit from a profitable operation rather than a public process.
If this is the position, it is worth a conversation.
Discuss a matter with us.
If you have a transaction, a capital requirement, a structuring question, or a matter that requires coordination across multiple jurisdictions and disciplines, we should speak.
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