The owner of the real estate development for tourist-accommodation use turned to a Bank to be financially assisted in the implementation of the Project. The Bank, in turn, in order to be supported in its assessments, requested the support of Horwath HTL and a technical Advisor.
The deal with Rosewood did not materialize. The second Italian hotel under the brand Orient Express will open in its place.
The Advisor carried out an estimate of the Perspective Market Value for financing purpose of a historical building located in Venice that will be transformed into a 46-room top-luxury hotel managed by an international hotel chain.