Grand Hyatt – Feasibility Study
Grand Hyatt Mumbai was the first large scale hospitality project in India comprising over 650 guest rooms including serviced apartments, when it was being planned and developed. Horwath HTL was commissioned by the owners (Saraf Group) to conduct the Feasibility study for this landmark project.
The project was envisioned to comprise a mix of large function spaces, service apartments and retail areas. Horwath HTL India helped identify demand growth opportunities in a growing sub-market in Mumbai to best realize the potential of the project. We provided the Market and Financial Feasibility Report for the total project, including product recommendations; the project when executed was valued at Rs 6.0 billion.
Implementation / Status:
Horwath HTL’s Feasibility report was used as a basis for development of this project. Grand Hyatt Mumbai has been operational since 2004 as is the largest hotel in terms of inventory in India with 547 rooms and 111 serviced apartments. The hotel also possesses more than 30k sft of function spaces, and 80k sft retail areas.