Hospitality Operations Advisory · est. 2019

We build the P&L.
Then we run it with you.

Hotels, restaurants, and mixed-use properties hire us to build a defensible pro forma — or find out why the one they're already running isn't performing. Built by operators who've closed a bar at 2 a.m. and opened the kitchen at 6.

Properties advised
120+
Avg NOI lift
+11.4%
Pre-openings
38

Total Revenue

$4,214,736

Year 1 forecast

NOI

$1,180,126

28.0% margin · +2.4% vs benchmark

RevPAR

$143

per available room

Avg PPA

$43

blended dayparts

*Modeled to USALI & USAR. The same engine drives our pro formas.

Who we work with

Planning something new, or fixing something live?

The same financial discipline applies either way. The Forecaster handles both.

New concept

You're building before you open.

You need a lender-ready pro forma, a labor schedule that actually maps to your concept, and numbers you can defend in a room full of investors — not a spreadsheet someone handed you in 2019.

  • Pre-opening pro forma (USALI / USAR format)
  • Startup cost estimate by market tier and build type
  • Market demographics and competitive ADR benchmarks
  • Role-by-role labor schedule against forecasted covers
  • 5-year projection with investor-ready PDF export
Start with the Forecaster
Existing operation

You're open, and something's off.

Revenue looks reasonable but NOI keeps slipping. Labor is eating the margin. F&B costs are climbing and you can't see exactly where. You need to see the numbers clearly before you can fix them.

  • Baseline your current P&L against industry benchmarks
  • Surface prime cost and labor drag by department
  • Model the NOI impact of fixing a single lever
  • Operations audit and 90-day stabilization plan
  • Financial recovery for properties under cash pressure
Run your current numbers

The Forecaster · free tool · no signup

Model a new concept or benchmark what you're already running.

Rooms, restaurant dayparts, role-by-role labor, itemized expenses — straight through to NOI. New concept or live operation, the math works the same way. Takes about ten minutes.

The Practice

Six ways we work with operators.

01

Pre-Opening Pro Forma

USALI-compliant Year 1 P&L with departmental waterfalls, labor schedule, and break-even sensitivity. The package lenders and partners actually read.

02

Operations Audit

Two-week diagnostic across rooms, F&B, labor, and cost of sales. You leave with a ranked list of NOI levers and an implementation plan.

03

Labor Optimization

Role-by-role schedule rebuild against forecasted covers and occupancy. Most engagements cut prime cost 2–4 points without service erosion.

04

F&B Menu Engineering

Item-level contribution margin, daypart mix modeling, and pricing strategy. Repositioning the menu before repricing the labor.

05

Owner Representation

We sit on your side of the table — across brand negotiations, management agreements, capital projects, and operator selection. Independent eyes, operator instincts.

06

Financial Recovery

For properties bleeding cash. Rapid liquidity triage, vendor and debt restructuring, and a 90-day stabilization plan built to defend NOI and buy runway.

Working with us

We take a small slate of clients each quarter.

Tell us about the property and where you're stuck. We'll come back with an honest read on whether we're the right fit.

hello@ledgerandkey.co