Hospitality Experience

Master Plan & Feasibility Study for Mixed-Use Development in Albania

Horwath HTL was appointed by the Client to review a proposed Master plan, provide expert opinion and improvement recommendations and conduct Market and Financial pre-feasibility study for a large-scale development in Albania.


Project scope

Horwath HTL was engaged to provide an expert opinion on the master plan and conduct a financial pre-feasibility study for a proposed mixed-use development in Albania. This landmark project aimed to combine residential, hospitality, retail, and entertainment components, designed to serve as a catalyst for economic growth and enhance the region’s appeal as a destination for both locals and international visitors.

The engagement began with a critical review of the proposed master plan to assess its alignment with market demand, project goals, and regional trends. This involved evaluating the planned mix of uses, spatial layout, and integration of facilities to ensure the development’s design maximized its commercial potential while fostering sustainable growth. Our team provided insights on optimizing the allocation of space between the residential, hospitality, and retail segments, ensuring a balanced and profitable development.

The financial pre-feasibility study offered a comprehensive analysis of the project’s economic potential. Revenue projections were developed for each component, leveraging market benchmarks, demographic insights, and expected consumer behavior. Operating costs, development expenditures, and financing needs were meticulously analyzed to calculate profitability metrics, including Net Present Value (NPV), Internal Rate of Return (IRR), and payback period. Sensitivity analyses were performed to account for market uncertainties and assess the impact of variables such as construction costs, interest rates, and occupancy levels.

Horwath HTL’s analysis highlighted the project’s strengths, including its strategic location and alignment with Albania’s growing tourism and real estate sectors, while identifying areas for improvement to enhance its financial viability. The findings provided the client with a robust framework to refine the master plan, attract investors, and proceed with confidence toward detailed project planning and execution. This engagement underscored Horwath HTL’s expertise in aligning visionary concepts with practical, market-driven solutions.

Hospitality
Strategy and Planning
Assets