EP, HVS, Bird & Bird and AlixPartners were proud to host an informative webinar where over 540 industry representatives joined to listen to Hotel Sector experts discuss Hotel Insolvency, the issues, the law as well as the potential opportunities.
The webinar commenced with presentations from Graeme Smith and Ben Browne, both senior leaders at AlixPartners who detailed ways to navigate insolvency issues as well as key considerations for shareholders, management and lenders. This was followed by a presentation from Joss Hargrave, Partner at Bird & Bird solicitors who explored recent changes in Insolvency Law.
Thereafter a very informative and engaging panel discussion was chaired by Russell Kett, Chairman of HVS which heard senior leaders within Hotel Finance, Corporate Real Estate and Hotel Transactions for various banks and owners discuss their opinions on ways which hotel businesses could structure their thoughts and actions to minimise the potential pain and rather maximise the potential opportunities an insolvency could bring.
Polling questions to the audience at the beginning and end of the event revealed that the majority of attendees felt that major hotel insolvencies would likely commence in Q2 and Q3 of 2021.
The future is uncertain but the event shared much knowledge and interesting insight and is well worth a listen.