Marks Paneth LLP has been ranked among the top three providers of forensic accounting services in the New York metropolitan area by readers of the New York Law Journal (NYLJ). Marks Paneth is the only firm to be voted among the top three in this category for all six years since the NYLJ’s 2010 inaugural survey.
To operate or not to operate your hotel restaurant yourself...that is the question
For hotel owners who have cash on hand as a result of a healthy economy and who are looking to upgrade services, the restaurant is a natural item in a renovation project. But upgrading the restaurant isn’t an easy matter. To put it in stark terms – restaurants don’t work the way hotels do: they are different businesses that can easily wind up in conflict.
In his article, Larry Cohen discusses the options, the risks and the rewards of upscaling your hotel restaurant, running it yourself, franchising a national brand, leasing it or bringing in a third party to manage the business. There are traps for the unwary, so be realistic and informed.
Read more here.
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