Serviced Apartments Project
One building in prominent location within the Eaux-Vives district of Geneva was offered for acquisition to a Swiss investor. The investor required advice on the feasibility of having this property operated as Serviced Apartments by an affiliated management company.
Horwath HTL was instructed to undertake a Feasibility Study. We have performed an in-depth review of the location and Serviced Apartment market in Geneva, identified opportunities and risks involved with the project and developed recommendations with regard to the planned concept. This concept should finally serve as a matrix for Europe-wide roll-out of the brand.
The project is currently under negotiation.
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