Luxury Resort

Scope of Work
Horwath HTL was approached to provide expert advice to review of the potential buyer group and assumed land value range of a recently destroyed luxury resort.

Description of Project
This luxury resort was originally zoned for and used as a mobile home and RV park.  It had been successfully converted to become a luxury resort in the heart of California wine country.  The developer was able to get around the zoning restrictions by creating guestrooms out of park model RVs put on steel pilings.  Tragically, the entire resort was lost in a fire.  We were engaged to assess the site, identify the potential adaptive re-use or redevelopment and how potential buyers would value the land and its existing entitlements.

Project Status
The property remains unsold and undeveloped.