Overview
The Client asked Horwath HTL a market due diligence on 96 unsold berths and 277 appliances (caves bateaux, uncovered and covered parking spaces) according to the “current state of works” scenario and the “completion of all works of the marina” scenario.
Solution
Horwath HTL’s study permitted the controversy resolution.
Implementation
Horwath HTL provided a detailed estimate of the market fair (commercial) value of berths and all annex facilities (caves bateaux, yachting club facilities, others), based on size, location along the docks, wind exposure, accessibility and rarity to support the decisions of a pool of Banks.
Overview
In order to better enhance the asset consisting of 2 contiguous buildings, the Client wanted to first investigate its accommodation destination, also in the light of market analysis, and then verify the probable economic results.
Solution
The asset has been sold and developed to become the first W Hotel in Italy, opened in April 2022.
Implementation
Horwath HTL was asked to develop a two-scenario Business Plan for a historic building conversion 4-star and 5-star hotel.
Overview
The Client asked Horwath HTL to carry out a preliminary analysis of the pricing proposed by the operator of the Marina for berths, garages and parking spaces as part of the Marina expansion project. The Client also asked Horwath HTL to evaluate the marina concession, considering the residual life of the concession and the prospective and fully operational level of profitability.
Solution
The expansion of the marina has been completed.
Implementation
Market and benchmark analysis, concept design review and berth plan review, commercial appraisal through benchmarking and market fair value of additional berths and annex facilities to be built (150 berths, 80 caves bateaux, 112 car slots, gas station, shipyard, travel lift; admin. offices; broker headquarters).
Overview
The Client wanted to develop and maintain a Hospitality Portfolio of properties in Italy to be managed through a preferred operator or several hotel operators.
Solution
The fund acquired several properties in Italy and created its portfolio.
Implementation
Horwath HTL supported a Top tier Italian SGR in setting the strategy to implement a new closed fund dedicated to hospitality assets, managing the screening of potential acquisitions and supporting the fund-raising campaign.