How Citrin Cooperman Can Help
Our firm has a long history of serving the hotel and lodging industry, successfully helping our clients reduce costs, enhance operational efficiencies, improve internal controls, and ultimately increase profits. Our hotel and lodging clients are served by seasoned professionals who fully understand the nuances of the industry and the needs of their clients which include franchised hotels, independent hotels, condo hotels, casinos, time-share hotels, developers of new hotels, as well as hotel management companies and hospitality investors.
The hotel and lodging industry is sensitive to the external factors that affect financial performance, beyond just typical economic downturns, increased competition, increased regulatory scrutiny, and changes in consumer preferences. We offer an expansive scope of professional tax, audit, and advisory services to enhance efficiency and internal controls in our hotel and lodging clients’ core business operations, as well as address tax and HR compliance, regulatory, and reporting matters to meet the challenges that arise both from mergers and acquisitions and from doing business on a global scale
In addition to our core advisory, assurance, and tax services, we also provide
- Best practices for efficient and transparent operations
- Cash flow and profitability analysis
- Facility valuations
- Improving billing procedures
- Industry benchmark analysis
- Internal controls
- Inventory management
- Organizational structuring
- Preparation and review of cost reports
- Representation before the Internal Revenue Service (IRS)
- Sales audit for percentage rent
- Structuring compensation arrangements
- Structuring transactions
- Technology consulting and analysis
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