Island Destination Planning

Scope of Work
Horwath HTL was commissioned to assess tourism potential and the overall feasibility of developing Cat Ba Island into a quality, resort-styled, sustainable destination. We provide a detailed master-plan strategy for the phased development with multiple zones of hotel accommodations, tourism components, retail areas and residences. The developer aims at unlocking tourism growth potential of the Ha Long Bay – Cat Ba archipelago, an extended word heritage area known for unique limestone karst topography.

Description of the Outdoor Project
The main objective is to make the Cat Ba Island regionally competitive, and to have a better outcome than what was previously experienced in the neighboring Ha Long Bay. Some of the proposed recommendations are related to natural encounters and adventure activities as points of differentiations, such as glamping, eco lodges, hiking, biking, camping, cave exploration and mangrove tours. Aside from common commercial developments, the long-term plan involves the conservation and showcasing of the island’s natural elements through animal research/rescue centre, nature education centre and wetland parks.

Project Status
Under development planning

Eco-friendly Jungle Resort

Scope of Work
Horwath HTL was engaged to conduct masterplanning and hotel concept development for a large forest site surrounded by national parks and wildlife sanctuaries in Mondulkiri, the eastern border province of Cambodia. The developer plans to collaborate with the local government in developing and promoting eco-friendly tourism among one of the protected rich biodiversity areas.

Description of the Outdoor Project
To capitalize the pristine natural landscape and the rising trend of outdoor tourism, our recommendations are geared towards outdoor activities as well as sustainable and community-based tourism, based on relevant success stories in the region such as wildlife lodges, tented camps, rainforest resorts and farm stays. The 70-hectare site will be developed in stages with the first phase featuring a 40-key upscale resort positioned as a leader in this upcoming destination. Resort facilities and activities are incorporated with natural surroundings and local cultural education.

The project is envisaged to be another pioneer in the upcountry part of Cambodia, following the debuts of the renowned Shinta Mani Wild and Zannier Phum Baitong, both of which embrace environmental and cultural conservation efforts.

Project Status
Under development planning

Hot Spring Village Destination

Scope of Work
Horwath HTL was engaged by the developer to conduct the destination masterplan study for approximately 500 square kilometers around the Dabie Mountain region in Anhui Province. The study included zoning, land development strategy and financial projections for different components of this massive destination, which included recommendations such as hot spring, wellness facilities, various lodging products and food and beverage outlets, as well as all season outdoor programs and activities.

Description of the Outdoor Project
The outdoor project site within this masterplan study stretches across 200 acres with hot spring resources and unobstructed mountain views. Horwath HTL was responsible for the market study, best land-use planning, lodging site selection and recommendations of number, sizing and mix for the lodging products and its supporting facilities.

The challenge of this project was balancing a reasonable development of the local resources and the protection of the ecosystems. In addition, since the nearest provincial capital city is three-hours’ drive away, the focal points and attractiveness of the programs, activities and lodging products are critical to the success of this project to draw demand.

Project Status
The project opened in 2017 with a total investment of RMB 1.5 billion. According to Horwath HTL recommendations, the project adopted a minimum footprint development strategy with themed lodging products of tents and yurts.

Start-Up Hybrid Glamping Brand

Scope of Work
Horwath HTL was approached to provide a detailed growth strategy for a start-up hybrid glamping and RV park brand.  This engagement included a deep review of the key brand pillars, potential target markets and an achievable and effective growth approach

Description of Project
The owner/developer is keen to create a new style of hotel brand that focuses on the concept of indoor/outdoor facilities and the “Great American Road Trip”.  The beta site for the brand is located in Utah near several national parks.   The success of this property and the strong guest response has provided the impetus for this objective.    We provided a strategic growth plan including the minimum requirements for a potential site, number of guestrooms and array of facilities.  In addition, as part of the engagement we introduced the client to multiple potential developers of approved sites and sites for potential acquisition.

Project Status
The client is currently looking to raise a fund for its national expansion plans.  In addition, they are adding rooms to the initial property and doing initial planning on their second property.

Mountainside Luxury Glamping Resort

Scope of Work
Horwath HTL was engaged to provide a detailed location and site analysis for this exciting project.  The location is in the northern region of the Berkshires a popular east coast leisure destination.  The site is located on the side of a mountain and had recently received approval to build a 46-unit glamping resort for six months of the year.

Description of Project
The project will include 46 two-key glamping units and a significant spa facility.  The site includes a large pond and existing lodge, pole barn and heritage farmhouse with related utility buildings. This was a difficult project to assess as even though many outdoor activities are available in the region, there is no comparable resorts in this area of New England.   We concluded, however, that subject to certain conditions, including the approval of year round operations, the hotel be managed by a known spa or wellness brand, which will provide much needed technical services for the developer.

Project Status
The client is submitting for year-round use and looking to engage Horwath HTL to conduct an operator selection process.

Ozarks Lakefront Glamping Resort

Scope of Work
Horwath HTL was approached to provide independent expert advice and ascertain the feasibility through a detailed market and financial evaluation of a proposed 40-key lakefront glamping development on The Lake of the Ozarks.

Description of Project
The project is proposed to be developed on an 18-acre site with 2000 feet of lake frontage.   Horwath HTL was engaged to guide the developer on the site layout, accommodation type, facilities and amenities.   The findings and recommendations therein were provided to the project architect as the basis for the masterplanning of the site. In addition, we performed a market feasibility study for the project.  The results of this work were included in the developer’s investment opportunity memorandum. 
This was a benchmark project as there are no glamping developments in the greater Lake of the Ozarks area.  Furthermore, there is only limited comparable properties serving both the Kansas City and the St. Louis markets.

Project Status
The client is obtaining finance and looking to Horwath HTL to conduct an operator selection process when financing is closed.

Luxury Resort

Scope of Work
Horwath HTL was approached to provide expert advice to review of the potential buyer group and assumed land value range of a recently destroyed luxury resort.

Description of Project
This luxury resort was originally zoned for and used as a mobile home and RV park.  It had been successfully converted to become a luxury resort in the heart of California wine country.  The developer was able to get around the zoning restrictions by creating guestrooms out of park model RVs put on steel pilings.  Tragically, the entire resort was lost in a fire.  We were engaged to assess the site, identify the potential adaptive re-use or redevelopment and how potential buyers would value the land and its existing entitlements.

Project Status
The property remains unsold and undeveloped.

 

Sydney Airport Hotel Acquisition Due Diligence

We prepared an independent review and assessment of the operational aspects of the hotel; together with a review and assessment of the prevailing hotel management agreement (HMA) with the hotel operator, and a review and assessment of the capital expenditure (CAPEX) status and potential requirements into the immediate future.  The written report was intended for internal information as part of the acquisition review process.

More about our Transactional Advisory: https://horwathhtl.com.au/services/transactional-advisory/

Hotel Market Financial Benchmarking Study

The client requested an assessment of the operating financial Pro-forma for hotels under management in specific class sectors, with an emphasis on benchmarking to comparable national operators. Much of the focus was on Undistributed Operating Expenses.  Moreover, the objective of the assignment was to assess systems charges and to understand how operators are using centralised services and clustering to improve operating efficiencies.

More about our Strategic Advice – Operation services: https://horwathhtl.com.au/services/strategic-advice-operation/

Technical Services for Hotel Development Project

We were invited to complement the Client’s appointed project team, to support the development planning process and the operator’s technical services team. We performed an intermediary role between all project parties, aimed to underpin the veracity of the design development process.

More about our Technical Services: https://horwathhtl.com.au/services/technical-services/

Asset Management Services 500-room Dual-branded Hotel

We provided ongoing asset management services to foster close working relationships between the Owner and Operator’s management teams, to maximize the performance of the asset in its initial year of operations, and to set up ongoing profitability of the subject property.
Services included, i.e. management contract compliance, operational assessment, monthly operating performance report, quarterly owner meetings, strategic asset management plan, review of annual marketing plans and budgets, financial performance analysis, competitive analysis, sales and marketing effectiveness, asset protection plans, capital expenditure planning and implementation, risk assessment/mitigation.

More about our Asset Management services:

Hotel Asset Management

Hotel Market Outlooks

Our quarterly Hotel Market Outlook reports are detailed analyses of Tourism Regions, Sub-Markets and specific competitive markets.  Each report is based on an econometric model that produces a forecast of the overall trend in demand and room revenue growth.  The analysis is based on historical performance trends, the current status of performance and the supply pipeline. This forecast report concludes with an annual and quarterly hotel market outlook for occupancy rate, ADR and RevPAR over the next five years.

More about our Strategic Consulting – Market services: https://horwathhtl.com.au/services/strategic-consulting-market/

Hot Springs and Spa Resort Market Study

The client required hospitality consulting services related to a proposed development to be located proximate to the Twelve Apostles in the Great Ocean Road region. The development is planned to include five distinct zones – natural hot springs, food and beverage, accommodation, wellness centre, entertainment zone and visitor centre. The client required independent research and trading projections for the resort accommodation components of the precinct.

More about our Hotel Planning & Development services: https://horwathhtl.com.au/services/hotel-planning-development/

Hotel Portfolio Management Strategy

The owner and operator of the largest portfolio of hotels in Papua New Guinea required an independent assessment of the merits to migrate from being a self-managed, local brand into a portfolio of hotels under a global flag, through a management agreement or under a franchise agreement.
We prepared an initial Opportunity Information Document, undertook an Operator/Franchisor contact and liaison process, prepared a Business Case summary document to present the client with the opportunity and associated analysis for further internal decision-making. We then moved to a commercial terms negotiations process with the intent to conclude with a Term Sheet ready to be formalised by the client’s legal advisor into a Hotel Management Agreement or Franchise Services Agreement.

More about our Strategic Advice – Operation services you can find on: https://horwathhtl.com.au/services/strategic-advice-operation/

Two Alpine Hotels

A private operator required a valuation for internal purposes of resorts in La Plagne and La Rosière. Horwath HTL UK and France were commissioned to undertake the valuation of the 80-key hotel in La Plagne and the projected 80-key hotel in La Rosière.

Luxury Resort & Holiday Village

Overview: A client was looking to finance a second, hotel component to an existing scheme in Cape Verde. Horwath HTL UK was commissioned to undertake a valuation, of this 200-key luxury resort and 800-key holiday village in the Cape Verde archipelago.

Island Resort Hotel

Overview: Horwath HTL UK was instructed to value the 166-room Wellness Resort hotel, located on the island of Madeira. The valuation was undertaken for internal purposes during an acquisition process.

Hotel Chateau Gütsch

Overview: The owner required a fair value valuation for internal purposes of the hotel overlooking Lucerne. Horwath HTL Switzerland was commissioned to undertake the valuation of the already existing 31-key boutique hotel and the cable car from/into town.

Ambassade Hotel Valuation

Overview: Triodos Bank commissioned Horwath HTL to prepare a real estate valuation of the Ambassade Hotel in Amsterdam. Consisting of twelve connected canal houses constructed in the 17th century, the 56-bedroom hotel has a unique layout that required careful consideration of specific details.

The Horwath HTL Netherlands team prepared a detailed valuation report with a market value based on a thorough analysis of the asset, hotel market and potential investor’s interest.

Hotel Portfolio Valuation

Overview: Horwath HTL Netherlands executed a valuation of 13 WestCord hotels, located throughout various cities in the Netherlands. Being an owner and operator, WestCord required both the business and real estate assets to be valued.

Lenders ING Bank and Rabobank preferred the valuations to be executed in accordance with international (RICS) and local (NRVT) valuation standards. The Horwath HTL Netherlands team is fully licensed to prepare such valuations.

Hotel & Branded Residences Investment Analysis

Overview: Horwath HTL Spain was instructed by the owners of the project as part of an internal review process during the completion phase of construction and the start of the sale of the branded residences.

Resort Valuation

Overview: The resort was built over a 220-year period covering 6,500 acres of land with three golf courses and a 500-lot residential development with its own private golf course.

Oberoi Luxury Resort & Spa

Overview:

To support the final planning of the Oberoi Luxury Resort & Spa Skadar Lake, Horwath HTL was engaged to prepare a Financial Feasibility Study for the project. Furthermore, the study should serve as a basis for debt financing by the bank and for supporting the application for public subsidies. Once completed, the resort within Skadar Lake National Park is envisioned to comprise 80 villas, 4 F&B outlets, 1,200m² spa area and other leisure facilities.

Solution:

Horwath HTL Switzerland undertook a thorough market analysis with a focus on health and wellness tourism and based the economic projections on the so gained insights.

Implementation:

Sourcing of funding is currently ongoing.

Luxury Wellness Retreat

Overview: The owner is from a manufacturing and prefabricated construction background, and wishes to develop a hospitality business line focused on health and wellness, starting with a development in the Maldives on a 20-hectare private island. The owner engaged Horwath HTL Health & Wellness to conduct thorough market research and competitive benchmarking to evaluate the feasibility of developing a dedicated wellness retreat with a distinctive concept strategy, that would become the first fully programming wellness resort in the Maldives.

Solution: Given the seclusion and peacefulness of the island site, Horwath HTL Health & Wellness recommended developing a luxury wellness retreat focused on enhancing mindfulness by offering a holistic, alternative and result-driven approach to wellness rooted in principles of inner balance and harmony with oneself and the environment.

The proposed concept strategy consisted of a range of on-land and over-water accommodation units to target different types of guests, a selection of healthy food and beverage outlets supplied by the on-site organic garden, a wellness center offering mind, energy and sound therapies along with oriental healing, spa treatments and heat and water experiences, fitness, mind & body facilities, as well as a range of educational, cultural and conservation activities. The aim of this development strategy was to achieve a unique point of differentiation and attraction with a concept that is distinct from the local competition and entirely true to the location.

Status: The project is currently in the planning stage of the development, and is anticipated to be open and operational by 2023.

Are you looking for more information on Health & Wellness?

Business Hotel Development

Overview:

Overview: Horwath HTL’s services rendered was to prepare a  Best Use and Financial Feasibility Study for a Business Hotel Project in  Geneva’s Organizations’ District. The client seeks complementing facilities to the existing property as well as optimized financial returns on the investment within a narrow set of parameters.

Solution:

Horwath HTL Switzerland prepared a full Market Analysis and Hotel Feasibility Study which included several scenarios in order to provide the best possible basis for decision-making. One of the proposed facility programmes was recently approved. For more info on this project, please check back again later.

Implementation:

The planning architects are currently seeking to maximize the development concept from their perspective. Horwath HTL will subsequently revise the financial projections accordingly.

Nature Wellness Retreat

Overview:

The developer is an entrepreneur who owns and operates a successful wellness-centric venture in the Netherlands, and wishes to create a wellness-, nature- and activity-driven destination on a seafront site at the edge of the Arctic Circle in Norway. The owner engaged Horwath HTL Health & Wellness to conduct a market research and feasibility analysis, evaluating the business potential of the project, develop a concept unique to the location, as well as provide support in establishing the phasing strategy for the development through the establishment of various financial scenarios and master plan layouts.

Solution:

In line with the owner’s vision and the serenity of the site, Horwath HTL Health & Wellness recommended the development of a wellness retreat focused on experiential stays through a simplicity-focused concept blending nature immersion, outdoor activities, heat and water experiences, mind & body practices, as well as a selection of treatments anchored in local healing modalities. The wellness retreat will include a variety of design-led accommodation types, catering to a wide spectrum of travelers, thus fostering a strong sense of community. The concept strategy developed by Horwath HTL Health & Wellness ensures that the final product will counteract the typically low demand volume expected during the winter in that region. Finally, in order to create the desired destination and experience, Horwath HTL Health & Wellness recommended a development strategy consisting of multiple construction phases that will together enable the owner to achieve their vision.

Status:

The project is currently in advanced planning stages and the first phase of the development is anticipated to be finalized and operational by early 2021.

Are you looking for more information on Health & Wellness?

Kneuterdijk Hotel Valuation

Overview: Deutsche Hypothekenbank AG commissioned Horwath HTL Netherlands to prepare a real estate valuation of the planned Kneuterdijk Hotel. Based on a detailed review of the chances of the future hotel in the market, our study concluded the Provisional Market Value of the real estate.

 

Luxury Wellness Destination

Overview: The client owns a site of approximately 63 square kilometers on the coastline of the Red Sea in Saudi Arabia. Their intention is to develop a globally-renowned destination comprised of the world’s most exclusive wellness and luxury resorts, branded residences, a wellness and sports community, an art and cultural district, and a research institute. Horwath HTL Health & Wellness was sought out to develop the health and wellness strategy for the three wellness-themed ultra-luxury developments and branded real estate components, as well as run a number of demand and financial forecast scenarios.

Solution: Horwath HTL Health & Wellness recommended that the three wellness developments provide differing service platforms and concepts, together offering a complementary and comprehensive health and wellness experience. Overall, the three wellness properties will feature a variety of accommodation unit types, tailored wellness programs, consultations, check-ups and diagnostics, mind and body activities, fitness, extensive heat and water experiences, and oriental healing therapies, among others.

In order to ensure the cohesiveness of these three wellness-themed ultra-luxury properties, Horwath HTL Health & Wellness developed the concept for a centralized retail community village and research institute. Through the various financial analysis scenarios, Horwath HTL Health & Wellness was able to determine the optimal room mix for each of the properties, as well as further support the proposed concepts and architectural development.

Status: The destination is set to begin construction in 2020 with all phases completed ahead of the realization of Saudi Vision 2030.

Are you looking for more information on Health & Wellness?

Strategic Corporate Structuring & Brand Development

Description of Project: Horwath HTL was appointed to comment on and assist with the proposed restructuring of the hotel development and hotel holding divisions of a major sovereign wealth fund and to advise of the consolidation of their assets.

Scope of Work: The Client was planning to transfer a number of existing hospitality assets and projects into a hotel subsidiary. The Client had already retained the services of another company to advise them on the corporate finance aspects but later on approached Horwath HTL in order to assist with the hotel specific aspects of this restructuring. Our focus was on working closely with the client to help them identify the optimum corporate holding structure and provide recommendations with regards to an appropriate management structure and key executives for the future company.

Project Status: The client completed its restructuring, creating a new hotel operating division in the process and clearly delineating the investment, development and operating functions.

Scope of Work: Horwath HTL worked with a brand agency to create a solid strategic foundation for the hospitality division of client’s holding and define a clear brand product architecture with the focus on its position within the market and its relation to its different products.

Description of Project: The holding was established as markets in the Middle East region recovered from the financial crisis, with the intent to support the local tourism strategy and subsequent international expansion.
Horwath HTL’s scope of work included extensive market research with a focus on the upper upscale and luxury hotel markets on a global and regional level. We provided recommendations for the commercial positioning of the client’s brand family in the competitive landscape, to ensure coherent and sequential branding that encourages brand loyalty by reflecting customers differing priorities as they progress through various life stages.

Project Status: Our findings and recommendations were presented in a series of workshops with the client and the client is currently implementing the brand strategy.

Hot Spring Resort & Wellness Destination

Overview:

The client owns several acres of land in the south of Serbia, approximately 340 kilometers from Belgrade, which features some of Europe’s hottest mineral springs. The client intends to develop a destination consisting of various establishments with a primary focus on bathing. Horwath HTL Health & Wellness was appointed to determine the individual wellness elements (anchors) that will form part of the destination, recommend a universal strategy, and conduct feasibilities for each anchor outlining the overall business potential of the destination.

Solution:

While Serbia is home to an abundance of unique mineral hot springs, Horwath HTL Health & Wellness’ market research demonstrated the absence of internationally-benchmarked and thermal spring-focused wellness destinations within the country. As such, Horwath HTL Health & Wellness proposed a selection of complementary anchors that include a lifestyle hotel, a wellness retreat, long-stay recovery apartments, residential real estate, an outdoor activity area, and a retail village. Capitalizing on the unique on-site hot springs, hydrotherapy and extensive heat and water facilities will be featured amongst all establishments of the destination. These are to be further complemented by dedicated wellness programs, mind and body activities, outdoor recreational sports, kid-friendly treatments and exercises, and healthy food and beverage outlets. In order to create a community-like feel, guests will be able to mingle and socialize in the retail village as well as at the outdoor activity area, thereby creating synergies and connections between the destination’s different anchors.

Status:

The project is currently in the planning stage and the first component is anticipated to be operational by 2023/2024

Are you looking for more information on Health & Wellness?

Boutique Luxury Wellness Retreat

Overview:

Located to the west of Bengaluru, India, the site is perched atop a mountain offering magnificent views of the surrounding coffee plantations and rainforest. The client intends to develop a luxurious boutique wellness retreat that consists of state-of-the-art accommodation and residences. Horwath HTL Health & Wellness was appointed to explore the opportunity to develop a wellness retreat with branded real estate including various health and wellness components. Thereafter, Horwath HTL Health & Wellness pursued their support in order to search and evaluate potential wellness operators to manage both the wellness retreat and branded residences.

Solution:

Through its fast-paced tech industry, Bengaluru has become known to be the “Silicon Valley of the East” where many stressed entrepreneurs work long hours to run their companies, which ultimately leads to burn-outs. Based on this information, Horwath HTL Health & Wellness recommended to develop an ultra-luxurious wellness retreat with design-led accommodation targeting stressed-out entrepreneurs and business people. The service platform will consist of self-guided heat and water experiences, specific programing aimed at improving one’s mental health whilst merging the best of Eastern and Western healing modalities, and a selection of outdoor sports. The team then proceeded to prepare an Information Memorandum and select internationally-renowned operators recognized for their exceptional services and properties.

Status:

The project is currently in the planning stage and is anticipated to be operational by 2023/2024.

Are you looking for more information on Health & Wellness?

Global Resort and Spa Operator, Thailand

Overview:

The client – one of the largest mixed-use hospitality group – was looking to acquire an established lifestyle resort and spa brand and engaged Horwath HTL Health & Wellness to perform a due diligence study and analyze the commercial value of the brand’s spa portfolio. As part of the assignment, Horwath HTL Health & Wellness was appointed to evaluate corporate branding and positioning, analyze the status quo of operating properties, assess the potential of pipeline projects, and review historical and forecasted financial performance of the property portfolio.

Solution:

Horwath HTL Health & Wellness carried out a corporate brand analysis, reviewing the overall size of the business, competitive landscape, pipeline, and outlook to ensure brand alignment with its vision and market perception. As part of the property-level analysis, Horwath HTL Health & Wellness reviewed each operating facility and pipeline project in terms of their location, positioning, facilities, guest offering, key operating and profitability metrics, and commercial terms of management agreements, outlining possible challenges and growth potential. Additionally, Horwath HTL Health & Wellness made strategic recommendations on corporate restructuring of the brand’s sister company, taking into account its business model, key services, organizational structure, and profitability.

Status:

The due diligence study was completed in 2018 and the acquisition was executed in early 2019.

Are you looking for more information on Health & Wellness?

Boutique Health Retreat and Luxury Residences

Overview:

The client owns a plot of land on the southeast coast of Mahé Island, Seychelles, offering panoramic views of the ocean and surrounding vegetation. The client intends to develop a health- and wellness-centric retreat and luxury residences, designed in accordance with sustainability principles and cutting-edge technologies, nestled into the unique natural landscape of the island. Horwath HTL Health & Wellness was engaged to conduct market research and feasibility analysis, evaluating the business potential of the project, and develop a unique concept that would allow the development to stand out in the highly competitive and saturated market.

Solution:

Horwath HTL Health & Wellness’s analysis revealed the lack of program-driven wellness retreats in Seychelles, as luxury resorts currently operating in the local market focus predominantly on traditional pampering wellness experiences and not on dedicated result-driven stays. To achieve a point of differentiation and establish a sufficient market share, Horwath HTL Health & Wellness recommended developing a targeted health retreat, offering a comprehensive range of diagnostics, Eastern and Western healing modalities, advanced aesthetic services, a variety of heat and water experiences, and high-class educational events. To support the top-end positioning, Horwath HTL Health & Wellness suggested anchoring the health retreat in personalized service and custom-tailored wellness solutions, allowing for a high level of exclusivity, individuality, and seclusion for its guests.

Status:

The project is currently in the planning stage and is anticipated to be operational by 2023.

Are you looking for more information on Health & Wellness?

Leading European Medical and Wellness Resort

Overview:

The client operates one of the leading wellness destinations in Europe, comprised of multiple hotels (midscale to luxury), dining outlets, spa and wellness facilities, a thermal bathing complex, medical and rehabilitation facilities, and golf courses. Horwath HTL Health & Wellness was appointed to examine, evaluate, and benchmark the resort’s spa and wellness facilities and recommend a revised health and wellness strategy that would allow the development to attract a new segment of wellness travellers and strengthen its competitive position in the regional market.

Solution:

Upon completion of a thorough operational analysis, Horwath HTL Health & Wellness proposed reconfiguring the spa and wellness facilities to allow for seamless transitions and enhanced guest journey within the health and wellness areas of the resort. Additionally, to combat challenges pertaining to the lack of cohesiveness in the overall resort offering and operations, Horwath HTL Health & Wellness made a series of marketing and management recommendations aimed at fostering synergies between different health and wellness platforms. By encouraging inter-departmental collaboration, the resort has the opportunity to introduce a broader spectrum of wellness programs and offer its guests an all-round wellness journey under one roof.

Status:

The project is currently operational and the renovation is anticipated to be completed by 2022/2023.

Are you looking for more information on Health & Wellness?

Luxury Health Resort

Overview:

A developer proposed a lease for a luxury health resort project in Crans-Montana to an international operator. The operator is not yet present on the Swiss market, and, thus unfamiliar with the market forces and labour laws employed here. Horwath HTL was hired to providing insights on all relevant topics so the client would in the end be able to assess the economic viability of the project.

Solution:

We have thoroughly reviewed the Swiss  Medical Wellness Tourism market, the competitive set, target market and target groups as well as their habits. Furthermore, our report delivered information on the CBA and customary salaries.

Implementation:

Contract negotiations are ongoing.

Are you looking for more information on Health & Wellness?

Acquisition Due Diligence

Overview: Horwath HTL Spain was instructed by the buyer of the asset to prepare, on behalf of the buyers, a Fair Market Value of the company developing this 100-room luxury Hotel as part of Acquisition Due Diligence.

Immediately before the opening of the hotel, Horwath HTL Spain was instructed to carry out a market valuation of the hotel asset for the purposes of refinancing.

Hotel Valuation

Overview: Horwath HTL Virginia was instructed to prepare, on behalf of a global operator, a due diligence report on the hotel component of a mixed-use development. The valuation was overseen by the Virginia office with support from the New York City office.

Hotel Valuation

Overview: Horwath HTL Spain was instructed by an international bank to prepare a Market Value of a 241-key hotel as part of debt re-financing following acquisition by new owners and the decision to re-position the property under the Sofitel brand.

Resort Valuation

Overview: Horwath HTL was instructed to prepare, on behalf of a national lender, a Market Value of the resort to include the valuation of an expansion along with determining the effect of a tax abatement.  The valuation was overseen by the Virginia office with support from the Miami office.

Solution: The assignment was challenging due to its required short closing time frame, its brand affiliation relative to its location and operational challenges as it related to the expansion and government tax credits. Horwath HTL was able to provide the US based lender a quick turnaround of a market valuation of the hotel asset.

Implementation: Our valuation supported the successful closing of the loan in the required time frame.

Market and Financial Feasibility Studies – Shanghai

Over the last 25 years, Horwath HTL has played an integral part in an era of an incredible hotel development in China.

The success of a hotel project is a result of many factors, but one of the most important is the production of a feasibilty study. A financial and market feasibilty study will show the hotel developer and the financial backing, what chances of success the hotel will have.

Here is a list of some of the Feasibilty Studies we have carried out in Shanghai.

  • Disney China Resort
  • Park Hyatt Shanghai
  • Portman Ritz Carlton Shanghai
  • Hotel Nikko Shanghai
  • Hyatt on the Bund Shanghai