Search
 
Alexander Hamilton Awards

Sharpening the Cash Flow Focus Across a Global Enterprise

NH Hotel Group receives an Honorable Mention in the 2019 Alexander Hamilton Awards in Treasury Transformation.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

When international hospitality company NH Hotel Group developed an ambitious five-year plan for growth, it became clear that the treasury function would need an upgrade. Based in Madrid, the company operates around 350 hotels located mostly in city centers throughout 30 European and Latin American countries.

“Our headquarters are in Spain, but we had grown through acquisitions and ended up with a largely decentralized treasury model,” says Luis Martinez Jurado, senior vice president of treasury and finance for NH Hotel Group.  “When the company embarked on our five-year plan, we had five treasury centers in Europe and four treasury centers in Latin America. Our local teams had a lot of autonomy. And we were using more than 1,500 bank accounts across a large number of banks.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Meg Waters

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

More from this author

Recommended Stories

Optimism Overrides Volatility

Eric Krell |

If Winston Churchill’s observation that “the optimist sees the opportunity in every difficulty” still holds, then upbeat treasury leaders possess especially sharp vision these days.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.