IGRM beefs up turnaround division
Worsening economic conditions for golf operators around the globe have prompted Europe-based International Golf & Resort Management (IGRM) to expand the portion of its operation specifically aimed at assisting clubs that are struggling to survive.
David Mortimer, who has held a number of senior executive positions in the hotel and hospitality industry, has been named finance director and will focus on IGRM’s Performance Improvement and Business Turnaround Division. Officials said Mortimer, who previously worked for Forte Group and Compass Group, will bring experience in reorganization, rehabilitation and restructuring of businesses to his role.
The division will work on behalf of institutional lenders as well as golf clubs and resorts that are in distress. Currently that includes several properties in the UK and Ireland, Germany, Spain and Canada.
IGRM also is involved in several large golf and residential projects planned in the Cape Verde Islands, Russsia and Morocco as well as managing 16 golf and residential resorts in Spain.
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