Overview

It is of critical importance for all businesses, particularly those in the hotel industry, to have in place a solid debt structure, even more so in times of difficulty. This is when the need arises not only for operational restructurings, which hoteliers are more used to (cost cutting, selective downsizing of hotel staff, renegotiating agreements with service providers, etc), but also financial restructurings, which many businesses in Spain have yet to get to grips with.

This briefing from Garrigues underlines the importance of having a solid financial structure that distinguishes between debt types. In doing so, the article outlines how structural debt can be organized in long-term financial instruments and cash supply in short-term financial instruments.

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