PKF The Consulting House becomes PKF hotelexperts
03 Dec 2018
For 15 years, PKF The Consulting House – an independent company operating under the global PKF brand name – provided business advisory to the real estate, tourism and hospitality sectors across the MENA region at the highest quality level. Headquartered in Dubai, the company enjoys a very good reputation and has advised very high-profile clients and projects for well over a decade.
Since mid-November 2018, PKF The Consulting House is part of PKF hotelexperts, the global hospitality, tourism & leisure advisory firm originating out of Vienna. PKF hotelexperts, together with its sister company PKF tourismexperts, is an internationally recognised market leader with offices in Austria, Argentina, China, Germany, Italy, South Africa, Turkey, Ukraine, the United Kingdom and – from 2019 onwards – the USA. With an office in Dubai, the Middle East region will become part of its impressive geographic coverage.
Michael Widmann, Managing Director of PKF hotelexperts, explains the rationale behind the decision to bring PKF The Consulting House into the fold: “No other industry is more exposed to the opportunities and risks of globalisation than the hospitality, tourism & leisure sector. International developments of supply and demand have to be aligned with a growing wish for local products and experiences. In order to provide meaningful consulting, the consultants of PKF hotelexperts take into account global trends and specific regional factors. With offices on all continents, PKF hotelexperts has a highly credible track record in all major international tourism destinations. Following our recent expansion into South Africa, China and South America, we know that the prospering Middle East with its many impressive destination projects and strategies will be a highly important focus area for us. The impeccable quality and track record of The Consulting House represents an ideal opportunity for us to be present with a running start.”
Sven Gade, departing CEO of PKF The Consulting House, adds: “The shareholders of PKF The Consulting House are convinced that becoming part of a large global entity will add significant depth of experience and data, enable the team to step up to the next level whilst benefiting from a much wider and more cost-efficient resource base and a truly global reach. PKF hotelexperts is a logical choice supported by the brand our clients have known and worked with for a long time. The move will immediately benefit both partners significantly and we are certain that PKF hotelexperts will enjoy the value of our structured systems, methodologies and deep regional expertise as well as the proprietary services developed and tested by us.”
For the remainder of the year, the transition to a new name and related systematic changes will take place whilst the team will seamlessly continue to serve existing as well as new clients. Whilst in many respects, the services offered are very similar, there are distinct advantages of the PKF hotelexperts approach, reach, presence and specialisation which will benefit clients, projects and markets in this region alike. Vienna-based Managing Director Christian Walter and Director Sebastian Gruber will coordinate the integration of the Dubai office into the global structure of PKF hotelexperts and the selection of additional team members in Dubai.
about PKF hotelexperts:
PKF hotelexperts, together with its sister company PKF tourismexperts, is an internationally recognised market leader in the field of hospitality, tourism & leisure consulting.
With more than ten offices in all continents and over 90 years of experience, PKF hotelexperts provides focused hotel and tourism investment consulting services, including feasibility studies, operator search, project development, asset management, research + benchmarking, valuations + appraisals, strategic advice, financing + investment, transaction support, destination services, knowledge + networking and concepts + brands.
contact persons PKF hotelexperts GmbH:
T +43 1 5120707
M +43 664 60969101
T +43 1 5120707105
M +43 664 60969105
Director | Head of Project Development
T +43 1 5120707137
M +43 664 60969137