Valuation of Resort Hotel Portfolio – Rijeka and Dubrovnik, Croatia
Office: Horwath HTL UK
Category: Hotel Portfolio Valuation
Scope of work: Hotel valuation of a hotel portfolio of five hotels in Croatia.
Description of project: Horwath HTL UK was instructed to value a portfolio of four luxury and one upscale hotel on behalf of a Middle Eastern buyer for acquisition purposes. The portfolio had been valued once previously by Horwath HTL on behalf of a potential investor. As a result of the valuation, the client was able to assure its financiers that the hotel portfolio’s performance was improving with a direct effect upon the value.
Project Status: Assignment completed successfully. The portfolio was later sold to a high net worth individual at a price close to our valuation