Rosewood Venice
Key Service: Hotel Valuation
Location: Venice, Italy
Product: Market Valuation
Office: Italy
Overview
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.
Solution
The deal with Rosewood did not materialize. The second Italian hotel under the brand Orient Express will open in its place.
Implementation
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.
