PKF O’Connor Davies Announces Joint Venture with PKF hotelexperts Group
Firm will Provide Tax and Audit Expertise for Leading Global Hospitality Consulting Company in Increasingly Competitive and Evolving Sector
New York, NY (October 14, 2019) – PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today a joint venture with PKF hotelexperts group. The partnership brings PKFOD’s industry-leading tax, accounting and corporate finance solutions to PKF hotelexperts group’s suite of hospitality industry advisory services, including feasibility studies, valuations and appraisals, operator selection, project development, asset management, financing and investment, and strategic advice. An increase in M&A activity in recent years, combined with a rise in alternative lodging options through sharing economy sites like Airbnb and VRBO, has created a more competitive and diversified hospitality landscape. This partnership provides clients access to expert insights and resources to succeed in the new industry reality.
“With this venture, the sum is truly greater than its parts,” said Kevin J. Keane, Managing Partner at PKF O’Connor Davies. “PKF hotelexperts group is recognized around the world for its hospitality consulting services. As that industry changes, we’re infusing our team’s proven accounting expertise to analyze the tax implications and financial impact of key business decisions for PKF hotelexperts clients. We’re excited to welcome Managing Directors and Heads of US Channing Henry and Baron Ah Moo, as well as the entire PKF hotelexperts group to the services we offer our clients worldwide.”
The PKF hotelexperts group recently established a US headquarters in New York as part of a global network of 14 offices. In addition to working closely with PKF O’Connor Davies, the PKF hotelexperts group includes PKF tourismexperts, focusing on master plans for regional tourism infrastructure, and PKF livingexperts, which advises on serviced living concepts (membership clubs, student and senior living, and serviced residential).
“As the global hospitality and tourism sector has become more competitive, we’ve recognized the importance of a more holistic perspective in advising our clients and guiding them through major transitions and opportunities,” said Channing Henry, Managing Director and Head of US. “The tax and accounting expertise PKF O’Connor Davies provides really creates a comprehensive offering that’s unmatched in our industry.”