Feasibility Study of Select Service Upscale Hotel – London, UK
Office: Horwath HTL UK
Category: Hotel Market and Feasibility Study
Scope of work: Feasibility study for a select service upscale hotel in London.
Description of project: Horwath HTL was appointed to undertake a feasibility study for a select service upscale hotel in Soho, London. The chain already had one property in London and was looking to expand. Horwath HTL provided flexibility in providing a short form feasibility study, with which the developer was able to determine the viability of the project and most appropriate hotel size with a view to presenting their findings to a bank in order to fund the investment.
Project Status: Assignment completed successfully. The hotel opened in 2013.