UHY Clients
Fuerte Hotels
27th February, 2007
Fuerte HotelsFuerte Hotels is a chain of four-star hotels in the tourist resorts of Spain and Mexico. Its headquarters are located in Marbella, Spain. The company has a turnover of 50.6m USD.
For the past five years UHY Fay & Co, Spain, has been carrying out audit work for Fuerte Hotels from its Marbella office. But as UHY also has a strong presence in the Americas, UHY Fay & Co was able to refer further audit work to UHY Glassman Esquivel in Mexico which has been providing services to Fuerte Puerto Aventuras and Servicio Puerto Aventuras – the two subsidiary companies that run Fuerte Hotel Group’s Mexican operations.
Bernard Fay, UHY Fay & Co, says it was important for the firm to be able to provide the client with this support in its first foreign operation. It was much easier working with UHY Glassman Esquivel than with the former auditors, and so his firm was able to deliver a better service to the client.
Raúl Martínez, from UHY Glassman Esquivel, says his firm’s presentation to the Fuerte Group convinced Fuerte directors to terminate their audit contract with another firm in Mexico and to engage UHY Glassman Esquivel instead.
Oscar Gutiérrez Esquivel, who led the audit work for Fuerte in Mexico, says his firm has a close relationship with UHY Fay & Co. “We work together and speak freely so we can accomplish our goals as a team,‿ he says.
Having successfully completed the audit work of the Mexican subsidiaries, UHY Glassman Esquivel has been commissioned to produce a detailed financial report for the Fuerte Group.
Hotel Fuerte in Grazalema, Spain, is the venue for the UHY Forum, an annual training forum for UHY managers.
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