Feasibility Study – London, UK
Office: Horwath HTL UK
Overview: Horwath HTL was appointed to provide a market and financial feasibility study in respect of a 42-key suite-led boutique hotel in the Midtown area of London, to be set within a historic Grade II listed building.
Solution: The developers intended to create a unique property, focussing on food and beverage within the hotel with up to three separate outlets whilst capitalising on the historic building’s listed features. The project was divided into two phases. The first phase, undertaken in 2012, consisted of a high-level analysis of the viability of the proposed development. As the project progressed and planning permission was granted, Horwath HTL was reappointed in 2013 to complete the second phase comprising a full Market and Financial Feasibility Study. We provided additional scenario analysis over the 12-month period following the completion of our study.
Implementation: Development of this exciting new hotel is now well underway, and the property is currently scheduled to open by the end of 2016.