Market Reviews for Two Boutique Hotels – London, UK
Office: Horwath HTL UK
Category: Hotel Market and Feasibility Study
Scope of work: Market reviews for two hotels in Central London.
Description of project: Horwath HTL UK conducted market reviews for two boutique hotels in Central London, specifically South Kensington and South Bank. The market research conducted for each property was part of a due diligence process undertaken for an investor considering the purchase of a property in London. One of the properties represented a potential conversion from a school into a boutique hotel. We were instructed to prepare an update of market study for the redeveloped hotel post opening.
Project Status: Assignment completed successfully. Our client successfully acquired the hotel asset in South Kensington. The property has gone though a full refurbishment and reopened in the second half of 2012.