Kiroro resort

Property Due Diligence, Kiroro Resort

Key Service: Asset Management
Location: Hokkaido, Japan
Product: Valuation
Office: Japan

Description: Horwath HTL was engaged as an independent consultant for Thai Properties to conduct market research and analyses needed to provide estimates of the future.
operating performance and cash flows and the economic value of Kiroro Resort.
Scope of work: Horwath’s projection is based on that the two hotels within the resort would be operated and rebranded to Marriottʼs top-tier brands. We have conducted market research, management interviews, competitive analysis, and benchmark study for the value generated by international branded hotel.
Status: The project was completed on time. The two hotels are now in operation under Marriott’s two major brands – Sheraton and Tribute Portfolio.

Project Location