Proposed Hotel for the Living City Project
Key Service: Hotel Planning & Development
Location: Devonport, Tasmania
Product: Market Demand Analysis and Financial Projections
We were requested to provide a report evaluating the success factors for hotel development in a significant urban redevelopment project in Tasmania’s North West region. The scope of work included: evaluation of the site and the surrounding market area of relevance to the potential project; assessment of the market opportunity relative to identifiable demand sources; assessment of the market opportunity relative to the potentially competitive supply; and concept development and trading projections for an upscale-quality hotel.