Lhasa, China Market and Financial Feasibility Study
Scope of Work:
Horwath HTL was engaged to conduct a market and financial positioning study for a potential Hotel site in the heart of Lhasa.
Description of Project:
As the first international luxury brand hotel in Tibet, this project was branded St. Regis. Located on Jiangsu Road and situated in Lhasa’s ancient Barkhor area, it is minutes away from the holy Potala Palace and 75km away from Gongga Airport. The Hotel opened with 150 rooms and villas and 12 suites, including the Presidential Suite.
Project completed, opened in November 2010 and is managed by Starwood under the St. Regis brand.