Hospitality Experience
Lefay Luxury Wellness Resort Residual Land Valuation
The Client was evaluating to develop a Luxury Wellness Resort in the Val d’Orcia area and required Horwath HTL to provide the Residual Land of Value (ABI compliant) for tax and fiscal reasons.
Project Scope
Horwath HTL was engaged to provide a Residual Land Valuation for a proposed Lefay Luxury Wellness Resort in the Val d’Orcia area, a UNESCO World Heritage Site renowned for its natural beauty and cultural significance. The valuation was conducted in compliance with ABI (Italian Banking Association) standards, addressing the client’s need for accurate tax and fiscal reporting related to the project.
The process began with a detailed assessment of the Val d’Orcia area, focusing on its potential to support a high-end wellness resort. The region’s appeal to affluent travellers, driven by its serene landscapes, cultural heritage, and reputation as a destination for wellness and experiential tourism, was a key consideration in establishing the property’s development potential.
A market analysis was conducted to evaluate demand for luxury wellness resorts, including trends in guest preferences and the competitive landscape. The study included benchmarking against comparable properties in Tuscany and other wellness-focused destinations, providing insights into pricing, occupancy, and service expectations in the luxury market.
Horwath HTL employed a residual valuation approach, estimating the land’s value by deducting projected development costs from the anticipated market value of the completed resort. The calculation incorporated financial modelling, including projected revenues from accommodations, spa services, F&B operations, and ancillary offerings, as well as estimated operating costs and investment returns.
The final deliverable was a comprehensive Residual Land Valuation report, compliant with ABI standards, detailing the land’s value under the proposed development scenario. The report provided the client with a clear understanding of the fiscal implications and financial viability of the project, supporting informed decision-making.
By delivering a meticulous and market-aligned valuation, Horwath HTL ensured the client had the necessary insights to proceed confidently with their plans for a Lefay Luxury Wellness Resort in Val d’Orcia, positioning the project for both fiscal compliance and long-term success.
