Feasibility and Operator Evaluation, Capsule Hotel in Ginza
Description: Horwath HTL was appointed by Orix Corporation to undertake a feasibility study for a capsule hotel in Ginza, Tokyo. This is the first capsule hotel development for the owner developer and the group was looking to expand.
Scope of work: Horwath HTL provided an understanding of the key parameters affecting the positioning of the future project and its anticipated financial performance. In preparing this study our team undertook analyses of the local capsule hotel and hostel market and the proposed location of the property, reviewed the site and existing buildings, as well as the conversion plans, and produced estimates of trading performance for the proposed hotel.
Status: Our market and feasibility study was used for financing purposes and the hotel subsequently opened in 2016.