NEW YORK (PRWEB) 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.”
About PKF O’Connor Davies, LLP
PKF O’Connor Davies, LLP is a full service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, 11 offices in New York, New Jersey, Connecticut, Maryland and Rhode Island and more than 700 professionals led by over 100 partners, the Firm provides a complete range of accounting, auditing, tax and management advisory services.
PKF O’Connor Davies is a top-ranked firm according to Accounting Today’s 2019 “Top 100 Firms” list and the Firm is also recognized as a “Leader in Audit and Accounting,” a “Pacesetter in Growth” and one of the “Top Firms in the Mid-Atlantic.” In 2019, PKF O'Connor Davies was named one of Vault's Accounting 50, a ranking of the 50 best accounting employers to work for in North America and ranked among the top 50 most prestigious accounting firms in America in a complementary Vault survey. The Firm is the 12th largest accounting firm in the New York Metropolitan area, according to Crain’s New York Business, and the 10th top accounting firm in New Jersey according to NJBiz’s 2018 rankings.
PKF O’Connor Davies is enrolled in the AICPA Peer Review Program and has central memberships in the Private Companies Practice Section (PCPS), the Employee Benefit Plan Audit Quality Center (EBPAQC), Government Audit Quality Center (GAQC) and Public Company Accounting Oversight Board (PCAOB).
By consistently delivering proactive, thorough and efficient service, PKF O'Connor Davies has built long-lasting, valuable relationships with its clients. Partners are closely involved in the day-to-day management of engagements, ensuring a high degree of client service and cost effectiveness. The Firm’s seasoned professional staff members employ a team approach to all engagements to provide clients with the utmost quality and timely services aimed at helping them succeed. Continuity of staffing and attention to detail in all client engagements make the Firm stand out among its competitors.
PKF O’Connor Davies is the lead North American representative of the international association of PKF member firms. PKF International is a network of legally independent member firms providing accounting, tax, and business advisory services in over 400 locations in 150 countries around the world. With its tradition, experience and focus on the future, PKF O’Connor Davies is ready to help clients meet today’s ever-changing economic conditions and manage the growing complexities of the regulatory environment. For more information, visit http://www.PKFOD.com.
About PKF hotelexperts
The PKF hotelexperts group is a fully integrated global firm of investment-related consulting services focused on the hospitality, tourism & leisure plus serviced living sectors. Headquartered in Vienna, Austria, the PKF hotelexperts group with 14 offices in 12 countries is managed by Michael Widmann and Christian Walter.
Kathleen O’Toole, PKF O'Connor Davies, https://www.pkfod.com/, 551-249-1730, KOToole@pkfod.com
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