Feasibility and Operator Evaluation, Luxury Resort in Niseko
Description: Horwath HTL was retained by a Hong Kong property to undertake a feasibility study for a resort development project in Hanazono resort, Niseko including hotel and condotel components.
Scope of work: Horwath HTL’s work scope included to provide opinion of value of proposed resort including residential portion. We undertook analyses of the local hotel market, hotel condominium market study in Asia pacific area, the proposed location of the property, reviewed the site as well as the master plans, and produced prospective financials for the proposed hotel and condominium components.
Status: This project is scheduled to open in 2019 as a globally-known luxury branded resort.