Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture.
We know the hospitality industry
With a hands-on philosophy and integrated capabilities, we deliver informed perspective and the ability to implement across a range of objectives.
On top of trends
We are regularly called upon as experts for national and regional publications and industry associations, events, and industry groups including:
Specialized services for hospitality operations
CohnReznick’s audit, accounting, tax, and advisory services reduce excess costs, tighten governance and reporting procedures, and support your hospitality business in taking advantage of opportunities. We also provide services that are specific to businesses within the hospitality industry:
Our optimization process reviews your business from a holistic perspective with a goal of improving bottom-line results. All aspects including concept development and design, marketing strategies, menu management, staff training, labor restructuring, licensing deals, joint ventures, and/or new landlord-tenant relationships can fall within the scope of evaluation.
Establish an action plan to grow your business through our proprietary Profit Enhancement Programs (PEP). After a thorough analysis of your operating processes and systems, financial data, and internal controls, CohnReznick’s PEP will focus on increasing efficiencies, tightening governances, and streamlining reporting.
F&B operations improvement
Using benchmarking, fieldwork, team assessments, and other proven methodologies, we evaluate all major aspects of your food and beverage operations. We then recommend actions to drive your core values, reduce excess costs, improve technology and other systems, and execute new concepts to strengthen financial performance.
Accounting Standards Update, Leases (ASC 842)
The private company deadline for implementing the new lease accounting standard is rapidly approaching. There are significant advantages to working with a firm having practical, proven experience in advising and assisting organizations in their efforts toward transitioning to Topic 842. Our team can advise and assist on all aspects of the new lease accounting standard, including implementation. Our detailed plan will focus on potential challenges and risks along the way.
Now is the time to start building your qualifications and capabilities to maximize your potential to be awarded work on infrastructure projects. We can help you identify and understand likely government award criteria and make the operational changes necessary to strengthen your bids.
CPA, Managing Partner, Consumer, Hospitality, and Manufacturing Practice
Let’s start a conversation about your company’s strategic goals and vision for the future.
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