Success Stories

  • HAMSS
    Asset Management

    Myrtle Beach, South Carolina – Crown Reef Hotel

    Project Overview: The Crown Reef Resort is a three tower, 12-story, oceanfront property located in Myrtle Beach, South Carolina. The property features 514 oceanfront guestrooms and suites, 20 pools, hot tubs, and fountains, 2 restaurants, 575-foot lazy river, and an 11,500 square foot conference center. ….
    Horwath HTL Solution: Horwath HTL implemented a full asset management turnaround package for the client….
    Project Status: Performance at the hotel improved and the client was able to derive a fair offer for the property, which was sold in 2013.

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    srilanka
    Tourism & Leisure

    Tourism development strategy of Anuradhapura Sacred City

    Category: Tourism and Leisure Business Line, Tourism development strategy
    Scope of Work: The French Development Agency entrusted Horwath HTL France with the strategy for tourism and cultural development of Anuradhapura UNESCO World Heritage site in Sri Lanka…
    Horwath HTL Solution and Implementation: Horwath HTL conducted a market analysis focusing on international and domestic tourists, an international benchmark…

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  • disneyland
    Valuation

    Valuation of a 4-star hotel near Disneyland Paris – Marne-la-Vallée, Paris

    Project Overview: A private investor owned a 4-star hotel near Disneyland Paris which had been managed under an international brand…
    Horwath HTL Solution: Horwath HTL undertook a full RICS valuation of the project that included Profit and Loss projections, the Discounted Cash Flow method and an evaluation of the projected Internal Rate of Return…
    Implementation: The hotel valuation was completed at the end of 2013 and the private investor decided to keep the same management contract.

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    Planning and Development SS
    Planning & Development

    Accra, Ghana – Radisson Blu Accra Hotel

    Project Overview: The client was contemplating the development of a business hotel situated on High Street in the capital city of Ghana…..
    Horwath HTL Solution: We recommended a full Market Analysis and Financial Feasibility Study to see whether the proposed solution was viable and right for the market…..
    Implementation: Subsequent to our study, our Client secured a second site at Accra’s Kotoka International Airport, which is likely to be the site of this proposed hotel. Financing is in place and construction is anticipated.

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  • Strategic Advice SS
    Strategic Advice

    Development strategy and sales and marketing improvement for Amari Hotels & Resorts

    Project Overview: To support its international and domestic expansion, Amari Hotels & Resorts assigned Horwath HTL to support them on its expansion…
    Scope of Project: International and domestic expansion. Expansion and development strategy. Branding, product offering and positioning…
    Implementation: Enhanced marketing and sales organization, processes and systems. Repositioned Amari brands. Defined product…

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    HandWSS
    Health & Wellness

    Niutuo, Greater Beijing , China

    Project Overview: Horwath HTL Health and Wellness was retained to develop a largescale wellness retreat including bathhouse and luxury wellness hotel. The project of 55 suites is positioned to be the central focus of Niutuo’s master plan, situated on 107,000 square meters and featuring a 11,000 square meter hot spring bathhouse as well as a 1,800 square meter wellness center.

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  • Planning and Development SS
    Planning & Development

    Grand Hyatt Hotel & Residences – Manila, The Philippines

    Project Overview: Horwath HTL was tasked to undertake a market and financial feasibility study for a potential hotel development in Bonifacio Global City…
    Horwath HTL Solution: our team provided an in depth study to determine the future operating environment for the hotel in the market…
    Implementation: Assignment is completed. The hotel will be managed by Hyatt Hotels Corporation and is expected to open in 2016…

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    Planning and Development SS
    Planning & Development

    W Retreat & SPA – Bali, Indonesia

    Project Overview: Horwath HTL was engaged as an independent consultant to conduct market research and feasibility study…
    Horwath HTL Solution: Our team provided a full Feasibility Study with estimation of the future operating performance, cash flows and the economic value of W Retreat & Spa Bali…
    Implementation: W Retreat & Spa Bali-Seminyak opened in March 2011, marking the debut of W Hotels Worldwide in Bali, Indonesia…

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  • Planning and Development SS
    Planning & Development

    Dusit Thani – The Maldives

    Project Overview: Horwath HTL was engaged by Dusit International to conduct a financial feasibility study for their proposed resort investment in the Maldives on Mudhdhoo Island in Baa Atoll…
    Horwath HTL Solution: our team has analysed the Maldives hotel market and prepared the Financial Feasibility Study for Dusit Thani Maldives…
    Implementation: Opened in September 2012, the Dusit Thani Maldives features 94 villas and residences in a mixture of beach and over water units…

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    Planning and Development SS
    Planning & Development

    Grand Hyatt Incheon – Seoul, South Korea

    Project Overview: Horwath HTL was engaged by KAL Hotel Network to conduct a market study to provide development recommendations and projections…
    Horwath HTL Solution: Horwath HTL Singapore provided a full Market Analysis and Hotel Feasibility Study to determine if the proposed hotel is viable and economically feasible for the market…
    Implementation: Subsequent to our study, the Hotel initially opened as the Hyatt Regency Incheon in September 2003 with 522 rooms…

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  • abidjan
    Valuation

    Valuation studies of the Pullman Abidjan and the Pullman Dakar – Western Africa

    Project Overview: Accor Hotel Invest required the valuation of two of their 5-star Pullman hotels in Western Africa…
    Horwath HTL Solution: Horwath HTL undertook two asset valuations that included a new valuation of the existing hotels …
    Implementation: The hotel valuations were completed in 2014 and the renovation projects have been validated …

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    laplagne
    Valuation

    Valuation of two hotels in La Plagne and La Rosière – French Alps

    Project Overview: A private operator required a valuation for internal purposes of two alpine resorts in La Plagne and La Rosière in the French Alps…
    Horwath HTL Solution: Horwath HTL undertook a full RICS valuation of the project that included a new valuation of the existing resort and a projected valuation…
    Implementation: The valuations of both hotels were completed in mid-2015 and the project is still ongoing.

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  • suresnes
    Valuation

    Operational Advisory and Valuation of a 3-star hotel in Suresnes, Paris region – France

    Project Overview: A private investor required the valuation of their 3* branded hotel in the context of the termination of a management contract…
    Horwath HTL Solution: Horwath HTL undertook an asset valuation of the project that included a valuation of the existing hotel based on historical performances…
    Implementation: The valuation of this hotel was completed in 2014 and the project was closed as the hotel has been purchased by a newly created hotel fund…

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    StratAdMaistra
    Strategic Advice

    Corporate Strategy and Operational Advisory for Maistra, Croatia

    Project overview: The Maistra company has a real estate portfolio that consists of 24 properties…..
    Horwath HTL solution: We proposed a full strategic development plan combined with a strategic business plan over a 4-year period…..
    Implementation: Since the assignment started in 2011, there have been significant improvements in operating performances, quality standards….

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  • Screen Shot 2015-11-19 at 14.09.28
    Health & Wellness

    Luxury Wellness Resort, Ubud, Bali, Indonesia

    Project Overview: 45 acre prime plot of land that is directly on the Ayung River in Ubud, Bali, Indonesia. The goal of the assignment was to create a business plan for a luxury wellness community that includes …
    Horwath HTL Solution: Develop a luxury wellness community where guests can experience the spa and wellness traditions of the East and the West. The wellness resort of 74 guest rooms, suites, and pool villas …
    Project Status: Project is currently under construction, and scheduled to open in 2018.

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    Screen Shot 2015-11-20 at 11.01.38
    Health & Wellness

    Luxury Wellness Resort, Costa Rica

    Project Overview: 800 acre plot of land located within the Costa Rican rainforest, identified as one of the most biodiverse places on the planet …
    Horwath HTL Solution: Develop a harmonious wellness community where guests can find a balance between the natural and modern world, where their health and well-being are served by ancient and indigenous wisdom as well as 21st century innovations …
    Project Status: The Resort is currently in schematic design, scheduled to open in 2018.

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  • Screen Shot 2015-11-20 at 12.33.34
    Health & Wellness

    Luxury Spa, Venice, Italy

    Project Overview: Luxury spa and wellness facility that is within a luxury resort on the island of Isola delle Rose in the Venetian Lagoon …
    Horwath HTL Solution: Develop a luxury spa facility that works within the historic building structures that were already onsite and supports the overall positioning strategy of the Hotel …
    Project Status: The spa facility is operating and was recently awarded “Best New European Spa 2015” by Senses, “Best Beauty and Anti-Aging Spa” by Wellness Travel Award 2015, and “Best Wow Factor” by Wellness Travel Award 2015.

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    Screen Shot 2015-11-20 at 12.18.19
    Health & Wellness

    The Ritz-Carlton Hainan Island

    Project Overview: Luxury spa and wellness facility with a luxury resort on Hainan Island, China. 2,000 square meters of new construction, which is designed in a Spanish theme …
    Horwath HTL Solution: An indoor and outdoor luxury spa facility that is a blend of luxury treatment suites, traditional treatment rooms, and heat and thermal experiences …
    Project Status: The resort, including the spa, is scheduled to open in 2016.

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  • Screen Shot 2015-11-20 at 11.41.41
    Health & Wellness

    Historic Wellness Hotel, Bad Kissingen, Germany

    Project Overview: An historic building, part of a 17,000 square meter land plot, that is in the heart of one of Germany’s oldest bathing towns. The goal of the assignment was to determine how the Client could renovate …
    Horwath HTL Solution: Renovate the historic building to include guest arrival, historic suites, F&B outlets, and bathing, and compliment the historic structure …
    Project Status: Project is currently on-hold.

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    Screen Shot 2015-11-20 at 12.08.09
    Health & Wellness

    Active Retirement Community, Chonburi, Thailand

    Project Overview: An active retirement community that consists of both condominiums, villas and a resort-style clubhouse in Thailand’s Eastern Seaboard …
    Horwath HTL Solution: Thailand is an attractive market to develop this type of residential real estate …
    Project Status: Project is currently under-construction. The first phase of the Project is scheduled
    to open in 2017.

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  • Strategic Advice SS
    Strategic Advice

    Market entry and expansion strategy for Marriot International

    Project Overview: Horwath HTL has been appointed by Marriott International to assess, evaluate and select French cities that should be a priority for the future expansion of their brand Courtyard by Marriott.
    Scope of Project: Assessment and evaluation of French cities with potential for further expansion of Marriot Courtyard. Prioritization of most attractive cities. Definition of market entry possibilities.
    Implementation: Four cities in France have finally been recommended after thorough market and site analysis…

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    Strategic Advice SS
    Strategic Advice

    Strategic and expansions plans for InterContinental Hotel Group

    Project Overview: Based on several successful projects throughout the years, in countries such as Russia, Kazakhstan, Ukraine and Belarus…
    Horwath HTL Solution: Comprehensive review of the key city and resort markets in Southeast Asia…
    Implementation: Developed a strategic action plan identifying key development, investment and rebranding opportunities. The resulting plan has proven highly successful for the company’s growth.

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  • Strategic Advice SS
    Strategic Advice

    Brand strategy for a mid-size hotel company in South East Europe

    Project Overview: With the growing number of properties and diversification strategy covering entry into luxury and lifestyle segment, we were assigned to develop a comprehensive brand strategy covering entire current and future portfolio.
    Horwath HTL Solution: Strategic directions for each brand in portfolio….
    Implementation: Defined brand strategy for the upcoming period. Defined brand strategy enablers ( Organization, Loyalty, ICT). Action plan with defined budgets.

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    Strategic Advice SS
    Strategic Advice

    Repositioning of the Vacations Club and dynamization during off season

    Project Overview: Belambra Clubs is the leader of holiday clubs in France with 58 clubs distributed in 4 segments, including hotels, residences, Vip clubs…
    Scope of Work: How to reposition the brand “Clubs B” which appeared as downgraded compared to the brand “Clubs Selection”? On which market segments…
    Horwath HTL Solution: Defined strategic and operational recommendations to harmonize the global services offered to the guests in Club B and Club Selection resorts…

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  • Strategic Advice SS
    Strategic Advice

    Strategy and structuring of a New Public Fund dedicated to finance innovation for hospitality and tourism companies in France

    Project Overview: Horwath HTL France has helped the French public investment group, Bpifrance, in the definition of a market entry strategy and in the structuring…
    Scope of Project: Strategic landscape of innovation in HTL sectors: tourist accommodations (hotels, hostels, camping, lodges…), catering, MICE and event…
    Implementation: Operational since October 8th 2015…

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    Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Tourism & Leisure

    Fun Park Biograd, Croatia

    Project Overview: The investor in the construction of this fun park intended to offer value added tourism products in the entertainment segment …
    Horwath HTL Solution: Based on the technical proposal of renowned Fun park planners Bausaa architects, Horwath HTL Croatia has concentrated its efforts …
    Implementation: Based on the market findings and report recommendations, the investor has amended the project components and adjusted project phasing …

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  • croatia1
    Tourism & Leisure

    Best use concept and financial feasibility study for upland project Mandalina Šibenik, Croatia

    Project Overview: The Investor (Dogus Group) intended to enter into the second phase of tourism development project in Šibenik…
    Horwath HTL Solution: The extensive work that Horwath performed in this assignment included the evaluation of supply and demand factors affecting…
    Implementation: As a result of the findings and Horwath’s recommendations presented in the study, the investor has …

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    Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Tourism & Leisure

    Kupari resort – Dubrovnik, Croatia

    Project Overview: The investor – Avenue Financial Services Ltd. was in the bidding process for an attractive location nearby Dubrovnik …
    Horwath HTL Solution: Horwath HTL Zagreb has on this assignment worked alongside leading master planners and architects …
    Implementation: Based on the proposed concept the master planers and architects team have produced the Master plan for the subject project and the Investor has signed a Letter of Intent with Ritz Carlton …

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  • nimes
    Tourism & Leisure

    Concept and feasibility study of a Roman historical theme park and leisure programming of the new high-speed train station district

    Category: Tourism and Leisure, Project development assistance
    Scope of Work: Horwath HTL’s mission was to assist the City of Nîmes in the development of a tourism oriented new district surrounding the future TGV station in Nîmes…
    Horwath HTL Solution and Implementation: Horwath HTL developed the concept of an historical Roman theme park…

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    Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Tourism & Leisure

    European Commission, BizClim Programme Cross-border investments

    Project Overview: Inventory of major studies, analysis of cross-border investment flows, identification of the major incentives and constraints to the development of these investments, drafting of a dash-board for monitoring and evaluation of the regional cross-border investments, leading to the creation of a Cross-Border Investment Observatory within the COMESA Regional Investment Agency, drafting of an action plan and presentations

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  • Valuations SS
    Valuation

    Valuation of a Luxury Resort and Holiday Village – Cape Verde

    Project 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, on behalf of the developer, of a 200-key luxury resort and 800-key holiday village in the Cape Verde archipelago….
    Horwath HTL Solution: Horwath HTL undertook a full RICS valuation of the project that included a new valuation of the existing holiday home component and a projected value of the proposed hotel….
    Implementation: The Hotel valuation in Cape Verde with the holiday home component was completed and the project was successfully financed.

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    eggypt
    Tourism & Leisure

    Market assessment of the Chinese market for Egypt

    Category: Tourism and Leisure Business Line, Destination marketing strategy
    Scope of Work: The study aimed at assessing the potential of the Chinese outbound market and identifying the most effective marketing and promotion tools…
    Horwath HTL Solution and Implementation: Horwath HTL’s mission involved a review of official available tourism statistics, a review of existing surveys and studies…

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  • HAMSS
    Asset Management

    Jumeirah Grand Hotel Via Veneto – Rome, Lazio / Italy

    Project Overview: Existing project – business due diligence. KPI analysis, benchmarking performance against industry standards and competitive. 5-star hotel in the historic centre of Rome with the following facilities: 116 rooms and suites, restaurant, roof garden and American bar, meeting rooms, Spa and gym.

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    Valuations SS
    Valuation

    Valuation of an Island Resort Hotel – Madeira, Portugal

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

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  • HandWSS
    Health & Wellness

    Feasibility Study Rácz Thermal Spa & Hotel – Budapest, Hungary

    Project Overview: Feasibility, Operator and Investor Search for the Rácz Thermal Spa & Hotel. Horwath HTL Hungary & Russia have been supporting the owners of the property in securing an international management company and co-investor for the most luxurious thermal spa and boutique hotel complex in Budapest and possibly in Europe.

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    Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Tourism & Leisure

    City of Saint Bon, Courchevel, French Alps

    Project Overview: The resort of Courchevel observed that customers increasingly ask for more than just skiing. The challenge is to develop summer tourism. Hence Courchevel developed a leisure and wellness center organized around a pool complex in the center of the project organized around 3 areas (Sport, evasion, welfare), a large hall dedicated to the hosting of sport and cultural events (up to 2 500 spectators), a seminar center, a multimedia library, restaurants and shopping areas and comfort and outsid e facilities (parking, etc..)

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  • Planning and Development SS
    Planning & Development

    Zürich, Switzerland 4* Design Hotel

    Project Overview: Redevelopment of an old, run down hotel plus one adjacent building in the heart of old-town Zürich into a City Design Hotel consisting of 93 rooms (90 double rooms, 3 suites), restaurant, bar/club

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    HandWSS
    Health & Wellness

    Oryx Rotana Hotel & Qatar Airways Doha, Qatar – Luxury Airport Hotel Spa


    Project Overview:

    Market research & feasibility for a luxury airport hotel spa as well as first-class lounge spa designed by internationally-recognized designer Antonio Citterio.

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  • Planning and Development SS

    Sochi, Russia Sochi – Adventure Theme Park and Resort

    Office: Horwath HTL Hungary & Russia

    Status: Resort is under development

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    Strategic Advice SS
    Strategic Advice

    Atlanta, Georgia – Alston & Bird

    Project Overview: Horwath HTL helped identify areas of concern and opportunities regarding the case. Hired by the client to provide support and expert witness testimony for a business-to-business litigation case. The case involved extensive research, analysis, and understanding regarding the industries best practices.

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  • Valuations SS
    Valuation

    Casablanca, Morocco – Market and valuation study of a 180 room 5-star hotel

    Project Overview: An insurance company holding a hotel division has converted an existing building into an international hotel and has appointed Horwath HTL to determine the market value of the property.
    A full service hotel tower located in the central business district of Casablanca. 180 rooms, 4 restaurants.

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    HandWSS
    Health & Wellness

    New York City, United States


    Project Overview:

    Market research and feasibility for a six story mixed-use lifestyle center inclusive of luxury retail, highly conceptualized food and beverage outlets, and luxury 3,000 square meter fitness and wellness club.

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  • Planning and Development SS
    Planning & Development

    Feasibility Study of Resort Hotel – Razlog, Bulgaria

    Project Overview: Feasibility study and operator selection for a 180-room spa hotel project in Razlog, Bulgaris. The area is an emerging mountain resort with long established SPA tradition based on local thermal waters. Horwath HTL UK prepared a market and hotel feasibility study, and selected an operator on behalf of the owner.

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    Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Tourism & Leisure

    Siam Kempinski – Bangkok, Thailand

    Project Overview: Horwath HTL was engaged by Siam Paragon to form a consulting team, including WATG, to formulate the development master plan for a 20-acre city center site. The resulting plan included an urban resort hotel (now the Siam Kempinski), festival retail and a cultural performing arts center.

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  • HAMSS
    Asset Management

    Greentown Hotel Asset Management – China

    Project Overview: Benchmarking analysis on key performance indicators for 18 hotels under Luneng Hotels & Resorts. Benchmark 6 hotels and 1 serviced apartment under operation against comparable hotels, such as market mix, labor productivity, F&B performance, revenue and expense indicators, space optimization etc.

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    HAMSS
    Asset Management

    Business Review of Portfolio of Two Hotels – Ireland

    Project Overview: Horwath HTL UK was appointed by a leading Irish bank to prepare a detailed review of two family-owned hotels’ operations and management in the context of the local market with a focus on the wedding market.

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  • europacity
    Tourism & Leisure

    Definition of a tourism strategy for EuropaCity project in Paris with a focus on the Chinese tourism market

    Category: Tourism and Leisure Business Line, Tourism development strategy
    Project Overview: EuropaCity is a unique project of national interest, initiated and supported by the Auchan Group, and will imply a private investment of 2 billion euros…
    Scope of Work: Horwath HTL’s objective was to determine the tourism positioning strategy for EuropaCity, with a specific focus on the potential attractiveness of the project for Chinese tourists.
    Horwath HTL Solution and Implementation: The mission, led by Horwath HTL France, was conducted simultaneously by Horwath HTL…
    Project Status: Currently, EuropaCity is in public consultation phase, with more than 80% of the inhabitants of the territory who support the project…

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    czech
    Tourism & Leisure

    Tourism development project and feasibility study on the Monastery of Žd’ár nad Sázavou

    Category: Tourism and Leisure, Project development assistance
    Project Overview: The private owner of the Monastery of Žd’ár nad Sázavou, ambitioned to develop this monument as an attractive tourism and culture destination.
    Horwath HTL Solution and Implementation: Horwath HTL conducted a strategic analysis of the regional tourism sector, and a study focused on tourism reception facilities…

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  • marseille
    Valuation

    Valuation of five hotels in the central districts of the Paris-Lyon-Marseille axis – France

    Project Overview: An investment fund was looking to inject capital into a hotel company detaining a portfolio of five 3 to 4 star hotels…
    Horwath HTL Solution: Horwath HTL undertook a valuation of each of the assets.
    The market conditions in the different cities were examined …
    Implementation: The valuations of these hotels were completed end of 2014 and the investment group decided not to close the deal.

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    azalai
    Valuation

    Valuation of Azalaï Group Hotel Portfolio- West African countries

    Office: Horwath HTL France

    Project Overview: The Azalaï Hotel Group, first West-African hotel group, required the valuation of its hotel portfolio. Horwath HTL France was commissioned to undertake a valuation of the 7 hotels totaling to 700 rooms and of the 5 project hotels. The hotel portfolio was composed of establishments in four different cities: Bamako (Mali), Ouagadougou (Burkina Faso), Bissau (Guinea-Bissau) and Cotonou (Benin).

    Horwath HTL Solution: Horwath HTL undertook a full RICS valuation of the project that included a new valuation of the existing entities and projected values of the hotels in the development pipeline.

    The valuation was challenging because it included existing hotels as well as hotel projects in different countries…
    Implementation: The hotel valuations of these hotels and projects were completed by the end of 2014 and the hotel group has leveraged funds to finance its development…

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  • Strategic Advice SS
    Strategic Advice

    Hyatt Regency Colombo – Colombo, Sri Lanka

    Project Overview: Horwath HTL was engaged by Overseas Private Investment Corporation to perform an in-depth market analysis in connection with the potential financing for the construction of the proposed Hyatt Regency Colombo (scheduled for opening in 2014).

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    Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Tourism & Leisure

    Eighth Wonder – Sentosa Island, Singapore

    Project Overview: Horwath HTL was engaged by Eighth Wonder to assist in the configuration and analysis of hotel components for their bid to develop an integrated resort on a 49-hectare site on Sentosa Island, comprising amusement park, tourist attraction, casino, recreational and retail components.

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  • Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Tourism & Leisure

    Disneyland Paris, France Impact Study of a Mega Self-contained Resort

    Project Overview: The Villages Nature resort is planned near Disneyland Paris. The project represents one of the most ambitious European self-contained resort combining accommodation and leisure facilities. Disneyland Paris and Pierre & Vacances jointly appointed Horwath HTL to provide an impact study for the project and related facilities.
    A 16-hectare land dedicated to the theme of nature and centred on one of the most important water parks in Europe; 30 000 m² of surface including 1730 lodging units (710 apartments and 1020 cottages) developed in 4 clusters.

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    HAMSS
    Asset Management

    Atlantic Beach Hotel

    Project Overview: (i)performance review and monitoring; (ii)budget review and negotiation; (iii)contract compliance; (iv) performance improvement; (v)financial and operational analysis; and (vi)analysis of marketing concept and market positioning.

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  • Planning and Development SS
    Planning & Development

    Conceptualization Study for a 3* hotel – Lujan, Buenos Aires

    Project Overview: Conceptualization study and financial estimation for a hotel project in Lujan, Buenos Aires – Argentina
    3* hotel with 100 rooms (standard and superior). The project includes meeting spaces, restaurant, bar, parking space, etc.

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    Oryx Rotana Hotel & Qatar Airways Doha, Qatar – Luxury Airport Hotel Spa
    Health & Wellness

    Oryx Rotana Hotel & Qatar Airways Doha, Qatar – Luxury Airport Hotel Spa

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research & Feasibility


    Description of Project:

    Market research & feasibility for a luxury airport hotel spa as well as first-class lounge spa designed by internationally-recognized designer Antonio Citterio.

    Execution date: 2014

    Project Status:
    Operational

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  • Viceroy Hotels Resorts Residences Kopaonik, Serbia – Luxury Spa
    Health & Wellness

    Viceroy Hotels Resorts Residences Kopaonik, Serbia – Luxury Spa

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research & Feasibility


    Description of Project:

    Market research & feasibility for a 700 square meter spa within a 120-room luxury ski resort.

    Execution date: 2014

    Project Status:
    Under development and expected to open in 2016

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    JW Marriott Resort & Spa, Venice, Italy – Luxury Spa
    Health & Wellness

    JW Marriott Resort & Spa, Venice, Italy – Luxury Spa

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research & Feasibility


    Description of Project:

    Market research & feasibility and concept development for a 1,000 square meter waterfront spa for a 232-room, 30-suite luxury hotel on the private island of Sacca Sessola, 10 minutes from downtown Venice.

    Execution Date: 2012

    Project Status:
    Operational

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  • Zagreb, Croatia – Thalassotherapy Strategy
    Health & Wellness

    Zagreb, Croatia – Thalassotherapy Strategy

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research & Feasibility


    Description of Project:

    Market research & feasibility exploring the opportunity for development of specialized thalassotherapy wellness centers throughout the country.

    Execution date:
    2014

    Project Status:
    Unknown

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    Koh Lanta, Thailand – Wellness Resort
    Health & Wellness

    Koh Lanta, Thailand – Wellness Resort

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research & Feasibility


    Description of Project:

    Market research & feasibility for a small-scale
    wellness-centric beach resort

    Execution date:
    2014

    Project Status:
    In Planning

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  • Barcelona, Spain – Luxury Wellness Retreat
    Health & Wellness

    Barcelona, Spain – Luxury Wellness Retreat

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research & Feasibility


    Description of Project:

    Market research & feasibility for a mixed-use development comprised of wellness retreat, luxury hotel, branded residences, and seaside beach club on 200 hectares of land just outside of Barcelona’s city center with an estimated development budget of USD $235 million.

    Execution date:
    2014

    Project Status:
    Under development and expected to open in 2017

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    Coorg, India – Luxury Wellness Retreat
    Health & Wellness

    Coorg, India – Luxury Wellness Retreat

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research & Feasibility


    Description of Project:

    Market research & feasibility for a 5-star wellness resort situated on 120 acres of land within South West India on an operational coffee planation with an estimated development budget of USD $35 million.

    Execution date:
    2015

    Project Status:
    Under development and expected to open in 2019

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  • Osa Peninsula, Costa Rica – Wellness Retreat
    Health & Wellness

    Osa Peninsula, Costa Rica – Wellness Retreat

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research and Feasibility


    Description of Project:

    Market research & feasibility for an internationallybenchmarked eco-conscious wellness and education-focused retreat situated on 650,000 square meters of land.

    Execution date: 2014

    Project Status:
    Under development and expected to open in 2018

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    Planning and Development SS
    Planning & Development

    Atlanta, Georgia – Carnegie Hotels LLC

    Project Overview:
    The Carnegie Building in downtown Atlanta was originally built in 1925. Diplomat converted the building into a select-service Hotel Indigo in 2010 and then into a Courtyard later on that year. This 143-room boutique hotel features a lounge, restaurant, and fitness center.

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  • Planning and Development SS
    Planning & Development

    Atlanta, Georgia – Atlanta Hotel Development Project

    Project Overview
    For the past several years Horwath has assisted the developer in coordinating property evaluation and assessment, gaining full-site control, understanding development tax credit incentives, negotiating brand selection, and implementing finance strategies. This project is a public-private partnership, with the city and county working with private investors to generate economic revenue.

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    Jacksonville, Florida – Laura Street Trio
    Planning & Development

    Jacksonville, Florida – Laura Street Trio

    Office: Horwath HTL, Atlanta-Dunwoody

    Scope of Work:
    Southeast Holdings REIT engaged Horwath HTL for consultation in predevelopment services, the acquisition, branding, programming, financing, and purchase of the historic collection properties known as the Laura Street Trio in downtown Jacksonville, Florida.

    Description of Project:
    The adaptive re-use/mixed-use hotel will preserve and re-energize three of downtown Jacksonville’s most historic buildings: The Bisbee, The Florida Life, and The Florida National Bank. Included in the project is the Laura Street Addition, a new construction that features a rooftop bar and ground-level retail space. This project will revitalize downtown Jacksonville and create a destination spot for locals and transients alike.

    Project Status:
    Under construction. Anticipated opening date: 2015

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  • Atlanta, Georgia – Foxhall Resort and Sporting Club
    Planning & Development

    Atlanta, Georgia – Foxhall Resort and Sporting Club

    Office: Horwath HTL, Atlanta-Dunwoody

    Scope of Work:
    Horwath HTL is consulting Foxhall Investors, LLC with the development of a full service, 350-room Westin Resort Hotel and Conference Center at the Foxhall Resort and Sporting Club in Douglasville, Georgia. This project is a public-private partnership, a joint venture that synergizes the city, county, and state with private investors in order to stimulate economic impact.

    Description of Project:
    Foxhall Resort & Sporting Club will be the first urban sporting club in the United States. In addition to the 350-room Westin Resort, Foxhall will feature a championship golf course, shooting range, archery, equestrian facility, and several other outdoor recreation activities. With its location less than 22 minutes from one of the world’s busiest airports, plus affiliations with brands like Beretta and Safari Club International, Foxhall will become one of the world’s premiere destination resorts.

    Project Status:
    Under construction. Anticipated opening date: 2016

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    Atlanta, Georgia – Weinberg Wheeler Hudgins Gunn & Dial
    Strategic Advice

    Atlanta, Georgia – Weinberg Wheeler Hudgins Gunn & Dial

    Office: Horwath HTL USA

    Category: Transactional Advice – Expert Witness Services

    Scope of Work: Horwath HTL was asked to research and analyze industry best standards and practices involving a comprehensive multi-dimensional litigation.

    Description of Project: The firm was brought on to provide expert witness testimony and consulting services concerning a premise liability case. This case involved a multi-faceted lawsuit with a fatality.

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  • Atlanta, Georgia – Foltz Martin
    Strategic Advice

    Atlanta, Georgia – Foltz Martin

    Office: Horwath HTL USA

    Category: Transactional Advice – Expert Witness Services

    Scope of Work:
    Engaged by the law firm of Foltz Martin to develop a comprehensive analysis and checklist of matters related to the case.

    Description of Project:
    Horwath HTL provided expert witness testimony to support the legal position and evaluate oppositions for general liability. This involved litigation support for the hotel’s operations and food service.

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    Atlanta, Georgia – The Coca-Cola Company
    Planning & Development

    Atlanta, Georgia – The Coca-Cola Company

    Office: Horwath HTL USA

    Category: Planning and Development

    Scope of Work: Horwath HTL was hired to conduct an executive training and development program for the Strategic Events Team to maximize cost savings when contracting and negotiating off site events.

    Description of Project: Our office developed and conducted an all day training workshop with strategies for F&B negotiations with hotels and cost savings strategies. The strategies presented to the executives helped the team understand hotels, their markets and seasonality as well as on how to negotiate catering sales in the current environment. We identified revenue management strategies that are advantageous to both parties, and provided information on current trends, changes and opportunities within the industry.

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  • Atlanta, Georgia – IHG, Carlisi & Associates and HR Catalyst
    Planning & Development

    Atlanta, Georgia – IHG, Carlisi & Associates and HR Catalyst

    Office: Horwath HTL, Atlanta-Dunwoody

    Scope of Work:
    Working alongside HR Catalyst, and Carlisi & Associates for IHG, Horwath HTL was hired to help prepare multiple assessments for top-level regional executives.

    Description of Project:
    Horwath HTL was tasked with the assignment of analyzing and summarizing the property-level and the regional-level reports that dealt with financial performance, competitive performance, guest satisfaction, employee satisfaction and property highlights. This included analyzing property-level and regional STR reports, regional STR pipeline reports, income statements, guest and employee satisfaction surveys, as well as overall property performance. These summaries were used to administer different assessments to regional Vice Presidents and other corporate staff.

    Project Status:
    Completed

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    Istanbul, Turkey – Rixos Hotels and Resorts
    Planning & Development

    Istanbul, Turkey – Rixos Hotels and Resorts

    Office: Horwath HTL, Atlanta-Dunwoody

    Scope of Work:
    Horwath HTL was engaged by Rixos Hotels and Resorts to develop an executive leadership-training course for top-level executives.

    Description of Project:
    In conjunction with Sanbanci Universitie, Horwath HTL developed a program to teach regional vice presidents, General Managers, and senior-level corporate staff on executive skills. This training included modules such as leadership & coaching, corporate management, strategic planning, marketing, finance, and hotel operations.

    Project Status:
    Ongoing

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  • HAMSS
    Asset Management

    Adairsville, Georgia – Barnsley Gardens Resort

    Project Overview:
    Horwath HTL has been assisting Barnsley Gardens Resort in three specific areas: asset management, executive searches, and sales and marketing strategies. For asset management, Horwath HTL provides analysis of monthly operating and income statements. For executive searches, Horwath HTL has assisted the resort in hiring a general manager, a food and beverage director, and a director of sales and marketing. For sales and marketing strategies, Horwath HTL has assisted in the development of unique, leisure resort-speci

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    Daytona Beach, Florida – Daytona Beach Resort and Conference Center
    Asset Management

    Daytona Beach, Florida – Daytona Beach Resort and Conference Center

    Office: Horwath HTL, Atlanta Dunwoody

    Scope of Work:
    Horwath HTL is providing operating assistance to the owner of a full-service resort and convention hotel in Daytona Beach, Florida. The property is unique in that it also operates as a condominium hotel. This project involves asset management, analysis of monthly operating and income statements, sales and marketing analysis, and weekly meetings with management to assess the operation. Since Horwath HTL has joined their team, the resort has realized four years of consecutive RevPar growth, RGI growth of 49%, EBITDA from a loss of greater then 500k to a positive cash flow of over $1 million dollars annually…

    Description of Project:
    The Daytona Beach Resort and Conference Center is a full-service, upscale beachfront property located in the heart of Daytona Beach, Florida. The resort features 322 standard and deluxe rooms, 117 luxury suites, 4 swimming pools with a grand total of 32,000 square foot pool deck, a fitness center, a business center, and two restaurants with bars.

    Project Status: Ongoing

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  • Feasibility Study Rácz Thermal Spa & Hotel – Budapest, Hungary
    Health & Wellness

    Feasibility Study Rácz Thermal Spa & Hotel – Budapest, Hungary

    Office: Horwath HTL Hungary – Russia

    Category: Health and Wellness

    Scope of work: Feasibility, Operator and Investor Search for the Rácz Thermal Spa & Hotel

    Description of project: Horwath HTL Hungary & Russia have been supporting the owners of the property in securing an international management company and co-investor for the most luxurious thermal spa and boutique hotel complex in Budapest and possibly in Europe.

    Project Status: On-going, Pre-Opening Phase

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    Valuations SS
    Valuation

    Valuation of Resort Hotel Portfolio – Rijeka and Dubrovnik, Croatia

    Project Overview: Horwath HTL UK was instructed to value a portfolio of four luxury and one upscale hotel on behalf of a Middle Eastern buyer for acquisition purposes. The portfolio had been valued once previously by Horwath HTL on behalf of a potential investor. As a result of the valuation, the client was able to assure its financiers that the hotel portfolio’s performance was improving with a direct effect upon the value.

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  • Market Reviews for Two Boutique Hotels – London, UK
    Planning & Development

    Market Reviews for Two Boutique Hotels – London, UK

    Office: Horwath HTL UK

    Category: Hotel Market and Feasibility Study

    Scope of work: Market reviews for two hotels in Central London.

    Description of project: Horwath HTL UK conducted market reviews for two boutique hotels in Central London, specifically South Kensington and South Bank. The market research conducted for each property was part of a due diligence process undertaken for an investor considering the purchase of a property in London. One of the properties represented a potential conversion from a school into a boutique hotel. We were instructed to prepare an update of market study for the redeveloped hotel post opening.

    Project Status: Assignment completed successfully. Our client successfully acquired the hotel asset in South Kensington. The property has gone though a full refurbishment and reopened in the second half of 2012.

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    Market and Upscale Hotel Feasibility Study – Abuja, Nigeria
    Planning & Development

    Market and Upscale Hotel Feasibility Study – Abuja, Nigeria

    Office: Horwath HTL UK

    Category: Hotel Market and Feasibility Study

    Scope of work: Feasibility study for an upscale hotel development in Abuja, Nigeria

    Description of project: Horwath HTL UK prepared a feasibility study for a hotel development in Abuja, Nigeria, as part of a one million square metre mixed-use development. Following a site inspection and a market study, we concluded that there was an opportunity for an upscale hotel on the proposed site. Horwath HTL UK advised the proposed hotel be designed to target the business market, by offering meeting rooms, a business centre and a 750 square metre multi-purpose ballroom.

    Project Status: Assignment completed successfully.

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  • Market and Feasibility Study of a Midscale Resort –  Union of Comoros,  Indian Ocean
    Planning & Development

    Market and Feasibility Study of a Midscale Resort – Union of Comoros, Indian Ocean

    Office: Horwath HTL UK

    Category: Hotel Market and Feasibility Study

    Scope of work: Feasibility study for a midscale resort.

    Description of project: Horwath HTL was approached to provide a market and feasibility study for the midscale 30-key hotel development. As a result of Horwath HTL’s analysis of the local hotel market and the subject site, we recommended the development of a larger scale hotel with additional facilities, which was more likely to generate profits for the developer.

    Project Status: The resort is currently being developed, and is scheduled to open in 2015. .

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    Market and Feasibility Study for Midscale Aparthotel – Libreville, Gabon
    Planning & Development

    Market and Feasibility Study for Midscale Aparthotel – Libreville, Gabon

    Office: Horwath HTL UK

    Category: Hotel Market and Feasibility Study

    Scope of work: Feasibility study for a midscale aparthotel.

    Description of project: Horwath HTL UK undertook a market and feasibility study for a proposed aparthotel in Libreville, Gabon. Following the research of the local market and consideration of a number of development options, Horwath HTL UK recommended the development of a 80-unit aparthotel.

    Project Status: Assignment completed successfully.

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  • Independent Business Review of a Private Members’ Club – London, UK
    Asset Management

    Independent Business Review of a Private Members’ Club – London, UK

    new markets and increase their profitability by widening the clubs membership, reducing management costs and considering additional revenue generators (such as those related to weddings, conferences and banqueting).

    Project Status: Assignment completed successfully.

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    Grooming for Sale and Sales Due Diligence – London, UK
    Strategic Advice

    Grooming for Sale and Sales Due Diligence – London, UK

    Office: Horwath HTL UK

    Category: Hotel Transactional Advice, Business review, Due Diligence

    Scope of work: Business review and preparation for sale of two hotels in London.

    Description of project: Horwath HTL UK undertook an asset review and assisted in the preparation for sale of two upscale boutique hotels located in London Kensington, with an estimated value in the region of 40 million. The assignment included operational reviews, contract reviews and corporate financial advice. Horwath HTL UK assisted the current owners with due diligence services for the acquisition.

    Project Status: The hotels were sold close to the asking price.

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  • Feasibility Study of Select Service Upscale Hotel – London, UK
    Planning & Development

    Feasibility Study of Select Service Upscale Hotel – London, UK

    Office: Horwath HTL UK

    Category: Hotel Market and Feasibility Study

    Scope of work: Feasibility study for a select service upscale hotel in London.

    Description of project: Horwath HTL was appointed to undertake a feasibility study for a select service upscale hotel in Soho, London. The chain already had one property in London and was looking to expand. Horwath HTL provided flexibility in providing a short form feasibility study, with which the developer was able to determine the viability of the project and most appropriate hotel size with a view to presenting their findings to a bank in order to fund the investment.

    Project Status: Assignment completed successfully. The hotel opened in 2013.

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    Business Review of Portfolio of Two Hotels – County Adare and County Glanmire, Ireland
    Asset Management

    Business Review of Portfolio of Two Hotels – County Adare and County Glanmire, Ireland

    Office: Horwath HTL UK

    Category: Hotel Asset Management, Business Review

    Scope of work: Independent business review of two hotels.

    Description of project: Horwath HTL UK was appointed by a leading Irish bank to prepare a detailed review of two family-owned hotels’ operations and management in the context of the local market with a focus on the wedding market.

    Project Status: Assignment completed successfully. Advised the bank to continue supporting the assets whilst implementing changes to the debt repayment schedule.

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  • Business Review of Portfolio of Three Hotels – County Westmeath and County Tipperary, Ireland
    Asset Management

    Business Review of Portfolio of Three Hotels – County Westmeath and County Tipperary, Ireland

    Office: Horwath HTL UK and Horwath Bastow Charlton

    Category: Hotel Asset Management, Business Review

    Scope of work: Business review of a portfolio of three mid-market hotels in Ireland.

    Description of project: Horwath HTL UK was appointed by a leading Irish bank to conduct a thorough business review of three hotels in Ireland. Our expertise in hotels, together with the local accounting practice, allowed us to present an accurate picture of the operations and the performance of the portfolio.

    Project Status: Assignment completed successfully. Horwath HTL UK recommended the appointment of a new operator on a long-term management contract, or an exit if possible. The lending bank later put the hotels on the market.

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    Budget Hotel Brand Expansion – Southeast Asia
    Strategic Advice

    Budget Hotel Brand Expansion – Southeast Asia

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Scope of Work: Due Diligence

    Definition of Project: Horwath HTL was engaged to assist in the due diligence process for the potential acquisition and/or investment in an expanding budget hotel brand across various Asian markets.
    As initial input to the acquisition process, a view on the reasonableness of assumptions driving the target company’s business plan and financial projections was provided. Comments were also provided on adjustments to the business plan, where deemed needed, to better reflect more realistic results.

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  • Regent / Intercontinental Hong Kong
    Strategic Advice

    Regent / Intercontinental Hong Kong

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Definition of Project: Horwath HTL was engaged by InterContinental Hotels Group to provide market analysis, property projections and opinion of value for the acquisition of the Regent Hong Kong (currently known as Intercontinental Hong Kong).

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    Valuations SS
    Valuation

    Seoul Hilton – Seoul, Korea

    Project Overview: Horwath HTL was engaged by a US private equity fund to provide market analysis, property projections and opinion of value for the preparation of a bid for the Seoul Hilton (currently known as Millennium Seoul Hilton).

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  • Grand Hyatt Erawan & JW Marriott – Bangkok, Thailand
    Strategic Advice

    Grand Hyatt Erawan & JW Marriott – Bangkok, Thailand

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Scope of Work: Due Diligence

    Definition of Project: Horwath HTL was engaged by a US based private equity to provide independent opinions of value for the 380- room Grand Hyatt Erawan and 441- room JW Marriott hotels as part of the due diligence process for investing in the ownership of these two prime 5-star hotels.

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    Hyatt Regency Colombo – Colombo, Sri Lanka
    Strategic Advice

    Hyatt Regency Colombo – Colombo, Sri Lanka

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Description of the Project: Horwath HTL was engaged by Overseas Private Investment Corporation to perform an in-depth market analysis in connection with the potential financing for the construction of the proposed Hyatt Regency Colombo (scheduled for opening in 2014).

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  • Valuations SS
    Valuation

    Jumeirah Vittaveli – Kaafu Atoll, Maldives

    Project Description: Horwath HTL was engaged as an independent consultant to provide an opinion of value for the 89- villa Jumeirah Vittaveli. The valuation was based on Maldives’ tourism outlook and hotel market dynamics, the property’s asset and operational standards and projections made for the resort’s future operating cash flow.

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    Lv8 Resort Hotel – Canggu, Bali, Indonesia
    Strategic Advice

    Lv8 Resort Hotel – Canggu, Bali, Indonesia

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Description of the Project: Horwath HTL was engaged as an independent advisor by an interested investor to determine the optimal approach and investment returns for the potential purchase of Lv8 Resort Bali, a 124-unit apartment- style beach front resort with beach club component.
    The commissioned report establishes the market conditions and outlook for resort operations and unit sales, along with projections for the potential property-use scenarios.

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  • Swissotel Merchant Court – Singapore
    Strategic Advice

    Swissotel Merchant Court – Singapore

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Scope of Work: Due diligence

    Description of the Project: Horwath HTL was commissioned by LaSalle Investment Management to provide a market outlook study, performance assessment and cash flow projections for the 476-room Swissotel Merchant Court Hotel Singapore (SMC) as part of the various due diligence procedures for its 2007 acquisition.

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    Pansea Hotel and Resorts – Southeast Asia
    Valuation

    Pansea Hotel and Resorts – Southeast Asia

    Office: Horwath HTL Singapore

    Category: Hotel Valuation

    Scope of Work: Independent review

    Description of Project: Independent review of the expansion strategy and trading outlook of Pansea Hotel and Resorts (subsequently acquired by Orient-Express Hotels) in Asia for an existing shareholder considering expanding its investment or extended financing to support the company’s growth and at the same time assessing possible exit strategies for comparison. Property locations included Yangon, Luang Prabang, Siem Reap, Bali and Koh Samui.

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  • Amanresorts – Global
    Strategic Advice

    Amanresorts – Global

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Scope of Work: Due Diligence

    Description of Project: Horwath HTL was engaged by a private equity group to provide due diligence assistance associated with the financing for a proposed acquisition of Amanresorts, including market analysis, property reviews and management fee projection and valuation assessments involving existing properties and pipeline projects in 41 locations across Asia, the south pacific, Europe, Africa and the Americas.

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    Six Senses Resorts & Spas – Global
    Strategic Advice

    Six Senses Resorts & Spas – Global

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Scope of Work: Due Diligence

    Description of Project: Horwath HTL was engaged by Pegasus Capital Advisors to assist in the due diligence process for the acquisition of Six Senses Resorts & Spas. The process included assessment of management fee projections and valuations for existing properties and pipeline projects in 30 locations across Asia, the Middle East, Europe, the Caribbean and South America.

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  • Orient Express Hotels – Global
    Strategic Advice

    Orient Express Hotels – Global

    Office: Horwath HTL Singapore

    Category: Hotel Transactional Advice

    Description of Project: Horwath HTL was engaged by an investment banking group considering investing in Orient Express hotels to assess the management fee projections and valuations for existing properties and pipeline projects in 24 locations across Asia, Australia, and the Americas.

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    Putrajaya Masterplan – Putrajaya, Malaysia
    Tourism & Leisure

    Putrajaya Masterplan – Putrajaya, Malaysia

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Urban Master Planning

    Description of Project: Horwath HTL was engaged by Putrajaya Holdings, the developer of Putrajaya (the green field new federal city located south of kuala Lumpur) to assist in planning the hotel components to be included in the new city master plan. As part of the assignment, Horwath HTL conducted extensive market research on the level of existing and potential future demand levels and characteristics to be generated in and around Putrajaya to recommend the optimal number, size, type and location of the hotels to be incorporated in the overall project plan. We further assisted in identifying appropriate potential operators for the hotels to be included in the first phase of development.

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  • Redang and Tioman Islands – Peninsular Malaysia
    Tourism & Leisure

    Redang and Tioman Islands – Peninsular Malaysia

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Island destination planning

    Description of Project: Horwath HTL was engaged, along with WATG, as an independent consultant to conduct analyses on the countrywide tourism and hospitality industry and characteristics of both Redang and Tioman Islands off the eastern coast of Peninsular Malaysia. Master planning advice on the tourism, hotel and general infrastructure components of both islands, the feasibility of developing the islands into individual leisure destinations based on their physical and market capacity, land and hotel facilities allocation, and the financial feasibility of the proposed hotels.

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    New Songdo City Masterplan – New Songdo City, Korea
    Tourism & Leisure

    New Songdo City Masterplan – New Songdo City, Korea

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: New urban development plan

    Description of Project: Horwath HTL was hired by Gale International, the co- developer of New Songdo City (a new urban development district created from landfill near Incheon Airport), to assist in planning the hotel components to be included in the new city masterplan. As part of this assignment, HAP conducted extensive market research regarding the level of existing and potential future hotel demand levels and characteristics to be generated in and around the area to recommend the optimal number, size, type and location of hotels to be incorporated in the overall project plan.

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  • Bintan Resorts – Bali, Indonesia
    Tourism & Leisure

    Bintan Resorts – Bali, Indonesia

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Large Scale Resort Master planning

    Description of Project: Macro-perspective tourism analysis, review of existing transportation infrastructure requirements for optimal tourist capture and micro-perspective financial viability analysis for the planning of the 23,000-hectare integrated resort development (Bintan Resorts) consisting of hotels, residential units, golf courses and support facilities and amenities. Analysis included projections of visitor arrivals to the island by major nationality group.

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    Nusa Dua Tourism Complex – Bali, Indonesia
    Tourism & Leisure

    Nusa Dua Tourism Complex – Bali, Indonesia

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Large Scale Resort Master planning

    Description of Project: Horwath HTL was engaged by the Bali Tourism Development Corporation (BTDC) to determine the optimal configuration and phasing of hotel developments for the Nusa Dua Tourism Complex. The Scope of work included Macro-perspective tourism analysis, review of transportation infrastructure requirements and financial viability analysis.

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  • Mekong River – Greater Mekong Sub-Region
    Tourism & Leisure

    Mekong River – Greater Mekong Sub-Region

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Mekong River Tourism Development Plan

    Description of Project: Horwath HTL was engaged by the United Nations (ESCAP) and the Asian Development Bank to investigate the potential for tourism development involving the Mekong River and provide recommendations regarding the types of tourism products for enhancing the destination appeal of the Greater Mekong Sub-region, while considering certain constraints and objectives relating to access, human resource development, cultural preservation and sustainability. The investigations and recommendations encompassed areas of the Mekong River in China, Myanmar, Laos, Thailand, Cambodia and Vietnam.

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    Tongguling Haishi Beach Development – Wenchang, Hainan Province
    Tourism & Leisure

    Tongguling Haishi Beach Development – Wenchang, Hainan Province

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Large Scale Resort Development Master planning

    Description of Project: Horwath HTL undertook a development master plan study for the Tongguling Haishi Beach Development in Wenchang, Hainan Province. The Project’s various components included golf, hotels, tourism facilities, a state-level nature reserve, residential villas and townhouses. As part of an Eco-tourism Development Area, best-use recommendations were put forward with consideration of minimizing ecological footprint and disturbances to the sites nature and pristine environment.

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  • Hot Spring Integrated Resort – Tengchong, Yunnan Province, China
    Tourism & Leisure

    Hot Spring Integrated Resort – Tengchong, Yunnan Province, China

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Large Scale Resort Development Master Planning

    Description of Project: Horwath HTL was engaged to provide a development master plan for a mixed-use hot spring integrated resort in Tengchong, Yunnan Province. The project involved the master planning and integration of various components such as golf, 3 hotels, cultural villages, hot spring, tourism facilities, outdoor nature experience areas and residential villas.

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    Changbai Mountain Scenic Area – Fusong County, Jilin Province, China
    Tourism & Leisure

    Changbai Mountain Scenic Area – Fusong County, Jilin Province, China

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Tourism Development Master Planning

    Description of Project: Horwath HTL was engaged to provide a strategic development plan and feasibility study for a ski resort development outside of the Changbai Mountain Scenic Area in Fusong County, Jilin Province. The project provided research and analysis of China’s developing ski market as well as numerous case studies from comparable North American ski resort areas. The report provided a detailed conceptual plan for the development of the proposed resort’s three Phase 1 hotels, how the ski facilities should generate hotel demand, what additional retail and food & Beverage facilities would be needed within the resort complex, and a blueprint for creating demand through recreational activities and events throughout the year. The study also included 10-year utilization and operating projections for the three Phase 1 hotels.

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  • Walt Disney Parks and Resorts – China, Hong Kong & Shanghai
    Tourism & Leisure

    Walt Disney Parks and Resorts – China, Hong Kong & Shanghai

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Theme Park Hotel Planning

    Description of Project: Horwath HTL was hired by Walt Disney Parks and Resorts to assist them in configuration and analysis of the optimal hotel components to support the development of their Disney theme parks in Hong Kong and Shanghai, as well as for proposed parks under consideration in Seoul and Singapore.

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    Masterplan Strategy – Koh Kong, Cambodia
    Tourism & Leisure

    Masterplan Strategy – Koh Kong, Cambodia

    Office: Horwath HTL Singapore

    Category: Tourism and Leisure

    Scope of Work: Tourism Destination Planning

    Description of Project: Horwath HTL was commissioned, along with WATG, to provide a detailed master-plan strategy for the development of an integrated coastal destination on a 360 Sq. Kilometers site in Koh Kong, Cambodia. The fundamental approach to the assignment is based on primary objectives to optimally respond to the market dynamics, maximise financial returns while raising land and asset values, be in-line with international best practices offering up-to-date concepts and designs, and be environmentally sustainable and realistic to implement, considering the skills and resources of the developer. The master plan for the project consists of land allocations for hotel, tourism, leisure and other uses.

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  • Kaohsiung, Taiwan
    Asset Management

    Kaohsiung, Taiwan

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate the existing President Department Store Hoping to a proposed hotel

    Project Status: In process

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    Jingdong First Hot Spring Resort – Dachang, China
    Asset Management

    Jingdong First Hot Spring Resort – Dachang, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate of Jingdong First Hot Spring Resort, a local 4-star hot spring resort

    Project Status: In process

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  • Swissotel – Beijing, China
    Asset Management

    Swissotel – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Swissotel Beijing

    Project Status: In process

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    Jinshi Hotel – Xi’an, China
    Asset Management

    Jinshi Hotel – Xi’an, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning Jinshi Hotel, Xi’an

    Project Status: Rebranded to Holiday Inn Big Goose Pagoda Hotel

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  • New Century Hotel Group – Various cities, China
    Asset Management

    New Century Hotel Group – Various cities, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Studies on general market and the competitive hotel market, as well as hotel facilities competitiveness review and a performance review on key performance indicators

    Description of Project: Operation review of 5 hotels operated by New Century Hotel Group prior to their IPO listing in Hong Kong

    Project Status: Completed

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    City Hotel – Shanghai, China
    Asset Management

    City Hotel – Shanghai, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Valuation of City Hotel Shanghai

    Project Status: Hotel was purchased by Macau CTS Hotel Management Co. Ltd.

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  • Crowne Plaza Xiangshui Bay – Sanya, China
    Asset Management

    Crowne Plaza Xiangshui Bay – Sanya, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Assess the overall market conditions as well as the site attributes and planned facilities for the hotel; Estimate future utilization levels as well as the economic value based on discounted cash flow analysis

    Description of Project: Estimate the economic value of a potential Crowne Plaza Xiangshui Bay, Sanya

    Project Status: Completed

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    Huizhange Hotel – Shenzhen, China
    Asset Management

    Huizhange Hotel – Shenzhen, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Huizhange Hotel, a 4-star hotel in Shenzhen

    Project Status: Project completed but no renovation has been done

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  • Nanhai Hotel – Shenzhen, China
    Asset Management

    Nanhai Hotel – Shenzhen, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project:cRenovate and repositioning of Nanhai Hotel Shenzhen, the first 5-star hotel in Shenzhen, Guangdong Province

    Project Status: Rebranded to Hilton

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    Benchmarking Analysis – Multiple Cities, China
    Asset Management

    Benchmarking Analysis – Multiple Cities, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Benchmarking analysis on key performance indicators for 6 hotels and 1 serviced apartment under Greentown China Holdings Ltd.

    Description of Project: Benchmark 6 hotels and 1 serviced apartment under operation against comparable hotels, such as market mix, labor productivity, F&B performance, revenue and expense indicators, space optimization etc.

    Project Status: Completed

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  • Regent Hotel – Shanghai, China
    Asset Management

    Regent Hotel – Shanghai, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Benchmarking analysis on key performance indicators for Regent Hotel Shanghai

    Description of Project: Benchmark Regent Hotel Shanghai against comparable hotels, such as market mix, labor productivity, F&B performance, revenue and expense indicators, space optimization etc.

    Project Status: Completed

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    News Plaza Hotel – Beijing, China
    Asset Management

    News Plaza Hotel – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of News Plaza Hotel Beijing

    Project Status: Project completed but no renovation has been done

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  • Crowne Plaza Shanghai Pudong Waigaoqiao – Shanghai, China
    Asset Management

    Crowne Plaza Shanghai Pudong Waigaoqiao – Shanghai, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Assess the overall market conditions as well as the site attributes and planned facilities for the hotel; Estimate future utilization levels as well as the economic value based on discounted cash flow analysis

    Description of Project: Valuation of Crowne Plaza Shanghai Pudong Waigaoqiao

    Project Status: Completed

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    Hyatt Regency Xi’an Hotel / Grand Metropark Xi’an – Xi’an, China
    Asset Management

    Hyatt Regency Xi’an Hotel / Grand Metropark Xi’an – Xi’an, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Hyatt Regency Xi’an Hotel

    Project Status: Rebranded to Grand Metropark Xi’an

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  • Yinhe Dynasty Hotel – Chengdu, Sichuan Province, China
    Asset Management

    Yinhe Dynasty Hotel – Chengdu, Sichuan Province, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Yinhe Dynasty Hotel, a 4-star hotel in Chengdu, Sichuan Province

    Project Status: Project completed but no renovation has been done

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    Huiquan Dynasty Hotel – Qingdao, Shangdong Province, China
    Asset Management

    Huiquan Dynasty Hotel – Qingdao, Shangdong Province, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of a 5-star hotel in Qingdao, Shangdong Province

    Project Status: Rebranded to Huiquan Dynasty Hotel

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  • Huaqing Aegean International Hot Springs Resort & Spa – Xi’an, China
    Asset Management

    Huaqing Aegean International Hot Springs Resort & Spa – Xi’an, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Assess the overall market conditions as well as the site attributes and planned facilities for the hotel; Estimate future utilization levels as well as the economic value based on discounted cash flow analysis

    Description of Project: Valuation of Huaqing Aegean International Hot Springs Resort & Spa

    Project Status: Completed

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    InterContientnal Hotel Beigen – Beijing, China
    Asset Management

    InterContientnal Hotel Beigen – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Studies on general market and the competitive hotel market, as well as hotel facilities competitiveness review and a performance review on key performance indicators

    Description of Project: Operational review of InterContientnal Hotel Beichen

    Project Status: Completed

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  • Ritz-Carlton Financial Street – Beijing, China
    Asset Management

    Ritz-Carlton Financial Street – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    <Scope of Work: Studies on general market and the competitive hotel market, as well as hotel facilities competitiveness review and a performance review on key performance indicators

    Description of Project: Operational review of Ritz-Carlton Financial Street Beijing

    Project Status: Completed

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    Yulong State Guest Hotel – Chifeng Inner Mongolia
    Asset Management

    Yulong State Guest Hotel – Chifeng Inner Mongolia

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Yulong State Guest Hotel, a standard 5-star hotel in Chifeng Inner Mongolia

    Project Status: Renovation completed

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  • Oriental Hotel Hotel Wuhan / Dongfang Jianguo Hotel Wuhan – China
    Asset Management

    Oriental Hotel Hotel Wuhan / Dongfang Jianguo Hotel Wuhan – China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Oriental Hotel Hotel Wuhan

    Project Status: Rebranded to Dongfang Jianguo Hotel Wuhan

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    Tian’an Hotel Wuhan / Meilian City Holiday Hotel – Wuhan, China
    Asset Management

    Tian’an Hotel Wuhan / Meilian City Holiday Hotel – Wuhan, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Tian’an Hotel Wuhan

    Project Status: Rebranded to Meilian City Holiday Hotel

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  • InterContinental Beijing Beigen – Beijing, China
    Asset Management

    InterContinental Beijing Beigen – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of a standard 5-star suburban resort in Beijing

    Project Status: Rebranded to InterContinental Beijing Beichen

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    Merrill Lynch – Beijing, China
    Asset Management

    Merrill Lynch – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Assess the overall market conditions as well as the site attributes and planned facilities for the hotel; Estimate future utilization levels as well as the economic value based on discounted cash flow analysis

    Description of Project: Operation review for 11 hotels under Merrill Lynch

    Project Status: Completed

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  • Shanhaitian Hotel – Sanya, China
    Asset Management

    Shanhaitian Hotel – Sanya, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and expand Shanhaitian Hotel

    Project Status: Will open early 2014

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    Guangdong International Hotel / Crowne Plaza Guangzhou City Center – Guangzhou, China
    Asset Management

    Guangdong International Hotel / Crowne Plaza Guangzhou City Center – Guangzhou, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Guangdong International Hotel

    Project Status: Rebranded to Crowne Plaza Guangzhou City Center

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  • Yincheng Hotel – Dongguang, Guangdong Province, China
    Asset Management

    Yincheng Hotel – Dongguang, Guangdong Province, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Yincheng Hotel in Dongguang, Guangdong Province, China

    Project Status: Project finished but the hotel has not been renovated or repositioned

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    Taiwan Hotel / Waldorf Beijing – Beijing, China
    Asset Management

    Taiwan Hotel / Waldorf Beijing – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Taiwan Hotel

    Project Status: Rebranded to Waldorf Beijing, opening in 2014

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  • Beijing Lufthansa Center / Kempinski Lufthansa Center Beijing – Beijing, China
    Asset Management

    Beijing Lufthansa Center / Kempinski Lufthansa Center Beijing – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Beijing Lufthansa Center

    Project Status: Rebranded to Kempinski Lufthansa Center Beijing

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    CTS Hotel Beijing / Grand Metropark Beijing – Beijing, China
    Asset Management

    CTS Hotel Beijing / Grand Metropark Beijing – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of CTS Hotel Beijing

    Project Status: Rebranded to Grand Metropark Beijing

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  • Marco Polo Hotel / Grand Mercure Beijing Central – Beijing, China
    Asset Management

    Marco Polo Hotel / Grand Mercure Beijing Central – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Studies on general market and the competitive hotel market, as well as hotel facilities competitiveness review and a performance review on key performance indicators

    Description of Project: Operational review of Marco Polo Hotel, Beijing

    Project Status: Rebranded to Grand Mercure Beijing Central

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    Shanghai Indigo Hotel – Shanghai, China
    Asset Management

    Shanghai Indigo Hotel – Shanghai, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of office to hotel

    Project Status: Renovation completed and repositioned to Shanghai Indigo Hotel

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  • Dragon Hotel – Hangzhou, Zhejiang Province, China
    Asset Management

    Dragon Hotel – Hangzhou, Zhejiang Province, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Dragon Hotel in Hangzhou, Zhejiang Province, a standard 5-star business/convention hotel

    Project Status: Renovation completed

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    Holiday Inn – Huizhou, Guangdong Province, China
    Asset Management

    Holiday Inn – Huizhou, Guangdong Province, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Assess the overall market conditions as well as the site attributes and planned facilities for the hotel; Estimate future utilization levels as well as the economic value based on discounted cash flow analysis

    Description of Project: Valuation of Holiday Inn in Huizhou, Guangdong Province

    Project Status: Completed

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  • Yuyang Hotel – Beijing, China
    Asset Management

    Yuyang Hotel – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of Yuyang Hotel in Beijing, an entry-level 5-star business hotel

    Project Status: Renovation completed

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    The Great Wall Sheraton Hotel – Beijing, China
    Asset Management

    The Great Wall Sheraton Hotel – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Existing and renovation floor plan review and repositioning recommendation

    Description of Project: Renovate and repositioning of The Great Wall Sheraton Hotel in Beijing, a standard 5-star business hotel

    Project Status: Renovation completed

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  • Jade Palace Hotel – Beijing, China
    Asset Management

    Jade Palace Hotel – Beijing, China

    Office: Horwath HTL Beijing, China

    Category: Hotel Asset Management

    Scope of Work: Assess the overall market conditions as well as the site attributes and planned facilities for the hotel; Estimate future utilization levels as well as the economic value based on discounted cash flow analysis

    Description of Project: Valuation of a business hotel Jade Palace Hotel in Beijing

    Project Status: Completed

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    Lefay SPA Resort & Villas – Gargnano, Lombardy / Italy
    Asset Management

    Lefay SPA Resort & Villas – Gargnano, Lombardy / Italy

    Office: Horwath HTL Italy

    Category

    Scope of Work: New project – Feasibility study. Owner and management company side. Optimization of the management model (fractional)

    Description of Project: Within the perimeter of the park at the Lefay SPA Resort in Gargnano (Garda Lake) will be made 8 units called “Villas”, each with its own swimming pool.

    Project Status: Completed

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  • Aman Hotel Canal Grande – Venice, Veneto / Italy
    Asset Management

    Aman Hotel Canal Grande – Venice, Veneto / Italy

    Office: Horwath HTL Italy

    Category: Asset Management

    Scope of Work: Due diligence

    Description of Project: 4-star hotel in the historic center of Venice with the following facilities: 24 rooms, reception hall, dining room, bar, lounge and relaxation area, roof and garden terrace.

    Project Status: Completed

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    Asset Portfolio – Rome and Milan, Italy
    Asset Management

    Asset Portfolio – Rome and Milan, Italy

    Office: Horwath HTL Italy

    Category: Asset Management

    Scope of Work:New project – feasibility study and operator search

    Description of Project:3 buildings, in Rome and Milan city centre, to be converted into hotels with facilities and proposed for management to international management operators.

    Project Status: Feasibility study completed, operator search ongoing

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  • Palazzina G – Venice, Veneto / Italy
    Asset Management

    Palazzina G – Venice, Veneto / Italy

    Office: Horwath HTL Italy

    Category: Asset Management

    Scope of Work: New project – business due diligence. KPI analysis, benchmarking performance against industry standards and competitive

    Description of Project: Boutique 5-star hotel with 16 rooms, 3 junior suites, 5 suites and 3 apartments on the Grand Canal.

    Project Status: Completed

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    Residence Garden – Rome, Lazio / Italy
    Asset Management

    Residence Garden – Rome, Lazio / Italy

    Office: Horwath HTL Italy

    Category Asset Management

    Scope of Work: New project – business due diligence. KPI analysis, benchmarking performance against industry standards and competitive sets

    Description of Project: 4-star apart hotel / residence in Rome business centre with 96 apartments, hall-reception and laundry with ironing service.

    Project Status : Completed

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  • Hilton Shanghai – Shanghai, China
    Asset Management

    Hilton Shanghai – Shanghai, China

    Office: Horwath HTL Singapore

    Category: Asset Management

    Scope of Work: Horwath HTL was engaged by the owner of the Hilton Shanghai to undertake a comprehensive assessment of the increasingly competitive Shanghai market landscape to determine the optimal strategy relative to renovation/capital expenditures for positioning the property for maximizing operating performance, cash flow generation and ultimately the property value.

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    The Seminyak Beach Resort & Spa – Bali, Indonesia
    Asset Management

    The Seminyak Beach Resort & Spa – Bali, Indonesia

    Office: Horwath HTL Singapore

    Category: Asset Management

    Scope of Work: Horwath HTL was engaged to conduct an operations audit and strategic assessment of the 107-key, owner-managed, Seminyak Beach Resort & Spa, in relation to its positioning within the competitive Bali top tier hotel market and recommend effective solutions and strategies to strengthen the resort’s competitive positioning and ultimately, maximising profitability.

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  • Sari Pan Pacific – Jakarta, Indonesia
    Asset Management

    Sari Pan Pacific – Jakarta, Indonesia

    Office: Horwath HTL Singapore

    Category: Asset Management

    Scope of Work: Horwath HTL was engaged by the owner of the Sari Pan Pacific to assess and estimate the incremental cash flow and value generated from the planned major renovations to the property to measure the expected return on the proposed capital investment. Such work included recommendations for changes to the renovation plan to optimize the property’s competitive positioning and expected investment return.

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    Park Hyatt Seoul – Seoul, Korea
    Asset Management

    Park Hyatt Seoul – Seoul, Korea

    Office: Horwath HTL Singapore

    Category: Asset Management

    Scope of work: Horwath HTL was engaged by Hyundai Development Corporation to identify potential operators for their proposed stand alone hotel project on a prime site in the Gangnam area of Seoul and subsequently assist with the negotiation of the key commercial terms leading to the completion of a management contract with Hyatt Hotels Corporation for the Park Hyatt Seoul.

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  • Renaissance Kuala Lumpur – Kuala Lumpur, Malaysia
    Asset Management

    Renaissance Kuala Lumpur – Kuala Lumpur, Malaysia

    Office: Horwath HTL Singapore

    Category: Asset Management

    Scope of work: Horwath HTL was commissioned to undertake an operational review of the 846-room Renaissance Hotel Kuala Lumpur in light of a potential acquisition. A detailed understanding of the hotel’s performance through onsite interviews, observations and tests, evaluation of extensive financial and related information and the examination of comparable hotels, allowed the identification of areas of underperformance and suggestions for improvement creating future upside potential in the hotel’s value.

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    Ritz-Carlton Millenia – Singapore
    Asset Management

    Ritz-Carlton Millenia – Singapore

    Office: Horwath HTL Singapore

    Category: Asset Management

    Scope of Work : Horwath HTL was engaged by the owners of the Ritz-Carlton Millenia Hotel in Singapore to review and analyze the existing property condition, facilities offering, management, operations, revenue management system and financial performance to provide recommendations for improvements to address competitive and operating deficiencies.

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  • Colleferro, Lazio / Italy Colledoro Resort
    Asset Management

    Colleferro, Lazio / Italy Colledoro Resort

    Office: Horwath HTL Italy

    Category: Asset Management

    Scope of Work: New project – Feasibility study and Operator search

    Description of Project: Located near Rome close to an amusement park and an important fashion outlet, the hospitality complex will consist of restaurants, conference rooms, 96 rooms, 50 cottages, outdoor pool, 2 tennis- football courts, pub, parking, clubhouse, gym, recreation, sports centre.

    Project Status: Feasibility study completed, operator search ongoing

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    Courmaison Hotel&Resort – Courmayeur, Aosta Valley / Italy
    Asset Management

    Courmaison Hotel&Resort – Courmayeur, Aosta Valley / Italy

    Office: Horwath HTL Italy

    Category: Asset Management

    Scope of Work: Existing project – Optimization of the management model (fractional)

    Description of Project: Located close to the centre of Courmayeur, one of the most important skiing sites in Western Alps, the complex consists of the Grand Hotel Courmaison (55 rooms and 2 suites with restaurant and bar, meeting room and wellness centre with indoor swimming pool) and the Residence Courmaison (60 apartments).

    Project Status: Completed

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  • Hotel La Perla Jonica – Acireale, Sicily / Italy
    Asset Management

    Hotel La Perla Jonica – Acireale, Sicily / Italy

    Office: Horwath HTL Italy

    Category: Valuations

    Scope of Work: Existing project, Feasibility study and operator search

    Description of Project: 423 rooms spread between the main building (the majority of standard and superior rooms) and detached villas (deluxe rooms, junior suites and suites), conference centre, 3 restaurants and 3 bars, Spa of about 2,500 sqm (indoor pool, fitness room, treatment rooms and relaxation area), outdoor sports facilities (swimming pools, tennis courts), private beach, parking, other service facilities (rooms for seasonal employees, etc..).

    Project Status: Completed

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    4* new Hotel Dolomiti – Cortina d‘Ampezzo, Veneto / Italy
    Asset Management

    4* new Hotel Dolomiti – Cortina d‘Ampezzo, Veneto / Italy

    Office: Horwath HTL Italy

    Category: Hotel Asset Management

    Scope of Work: Feasibility study and maximizing return on investments

    Description of Project: Superior 4-star hotel composed by about 60 rooms (divided between mini-apartments / suites and standard rooms), restaurant, bar and lounge bar, common areas (small library, entertainment room, multi-purpose room for meetings and conferences, internet point, etc.), reception, lobby, offices, wellness centre and garage.

    Project Status: Completed

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  • Bad Kissingen, Germany – Historic Wellness Hotel
    Health & Wellness

    Bad Kissingen, Germany – Historic Wellness Hotel

    Office: Horwath HTL Thailand

    Category: Health and Wellness

    Scope of Work: Market Research & Feasibility, Concept Development

    Description of Project: Horwath HTL Health and Wellness was retained for the redevelopment of the historic Bad Kissingen property into a luxury wellness retreat. Situated on a 26,300 square meter site, the property will feature 82 guest rooms and suites, 33 condominiums, four F&B outlets, and a 3,300 dedicated spa and wellness facility featuring natural mineral springs.

    Execution Date: 2013

    Project Status: Under renovation and expected to open in 2016.

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    Bali, Ubud, Indonesia – Destination Resort
    Health & Wellness

    Bali, Ubud, Indonesia – Destination Resort

    Office: Horwath HTL Thailand

    Category: Health and Wellness

    Scope of Work: Market Research & Feasibility, Master Planning

    Description of Project: Horwath HTL Health and Wellness was retained to analyze opportunities for the development of a luxury wellness retreat to be built on over 40 acres of land in the Ubud district of Bali. The project is positioned to feature a Balinese village-inspired block of villas along with extensive spa and wellness facilities and programming, dedicated healthy F&B outlets, and organic farm.

    Execution Date: 2013

    Project Status: Under development and expected to open in 2016.

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  • Niutuo, Greater Beijing, China – Hot Spring Bathhouse & Wellness Hotel
    Health & Wellness

    Niutuo, Greater Beijing, China – Hot Spring Bathhouse & Wellness Hotel

    Office: Horwath HTL Thailand

    Category: Health and Wellness

    Scope of Work: Market Research & Feasibility, Concept Development

    Description of Project: Horwath HTL Health and Wellness was retained to develop a largescale wellness retreat including bathhouse and luxury wellness hotel. The project of 55 suites is positioned to be the central focus of Niutuo’s master plan, situated on 107,000 square meters and featuring a 11,000 square meter hot spring bathhouse as well as a 1,800 square meter wellness center.

    Execution Date: 2013

    Project Status: Under development and expected to open in January 2015.

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    Borjomi, Georgia – Wellness Hotel
    Health & Wellness

    Borjomi, Georgia – Wellness Hotel

    Office: Horwath HTL Thailand

    Scope of Work:
    Market Research & Feasibility, Concept Development

    Description of Project:
    Horwath HTL Health and Wellness was engaged to prepare a Market Research & Feasibility study repositioning a hotel, which was already under construction, into a dedicated wellness retreat located in Borjomi, known for its curative mineral water. The 83- room destination spa will feature 3,500 square meters of dedicated spa and wellness space along with restaurants, banqueting, retail, and dedicated children’s areas.

    Execution Date: 2013

    Project Status:
    Under development and expected to open in 2014.

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  • Dubai, UAE – Fashion-Branded Urban Hotel Spa
    Health & Wellness

    Dubai, UAE – Fashion-Branded Urban Hotel Spa

    Office: Horwath HTL Thailand

    Scope of Work: Market Research & Feasibility

    Description of Project:
    Horwath HTL Health and Wellness was engaged to analyze opportunities related to the development of a spa and wellness facility for a luxury hotel conceptualized by a leading international fashion house. The project, located in the heart of Dubai, will feature 213 ultra-luxury hotel guestrooms and suites, 169 condominiums, and a 1,200 square meter spa.

    Execution Date: 2013

    Project Status:
    Under development and expected to open in 2015.

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    Mumbai, India – Luxury Urban Hotel Spa
    Health & Wellness

    Mumbai, India – Luxury Urban Hotel Spa

    Office: Horwath HTL Thailand

    Scope of Work: Market Research & Feasibility

    Description of Project:
    Horwath HTL Health and Wellness was engaged to develop a spa market research and feasibility study for a spa centrally located on Mumbai’s western coastline. The project will feature 4,000 square meters of dedicated wellness space, including a spa, fitness center, infinity pool, female salon and male grooming outlets, which is supported by an internationally-renowned hotel designer.

    Execution Date: 2013

    Project Status:
    Under development and expected to open in 2017.

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  • Group Metro – Audit of Group Metro, Dominican Republic

    Group Metro – Audit of Group Metro, Dominican Republic

    Office: Horwath HTL France

    Category: Audit / Operational review / Search for investors & operators

    Scope of Work: Group Metro is a leader in real estate, transportation, and tourism in the Dominican Republic.

    Description of Project: Audits performed over the three year period, comprised of annual consolidated statements of financial position, comprehensive income, changes in equity and cash flows. These processes involved audits of several real estates, hotels and resorts including a residential golf and beach resort of 2.5 million square meters, and two 245 and 465 condominium buildings. The work also covered two projects in the development stage.

    Project Status: Assignment completed in 2010 – 2012 – under application

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    Atlantic Ocean Partners Financing assistance, Dominican Republic

    Atlantic Ocean Partners Financing assistance, Dominican Republic

    Office: Horwath HTL France

    Category: Audit / Operational review / Search for investors & operators

    Scope of Work: Atlantic Ocean Partners is willing to obtain a loan for the acquirement of a luxury oceanfront resort.

    Description of Project: Horwath HTL is acting as a financial assistant, between Atlantic Ocean Partners and a financing entity, to prepare the necessary documentations, for the acquirement of a loan for the financing of a proposed luxury oceanfront resort, which offers a 100 key luxury hotel spa, tennis courts and 13 luxury villas.

    Project Status: Assignment completed in 2012 – under application

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  • Seine et Marne department (county), France – Operational advisory for investors / operators

    Seine et Marne department (county), France – Operational advisory for investors / operators

    Office: Horwath HTL France

    Category: Audit / Operational review / Search for investors & operators

    Scope of Work: Seine et Marne French department is strategically located, within easy reach from Paris (45 min). It represents an attractive destination for both business and leisure customers. It ranked second of the Ile-de-France region in terms of commercial accommodations.

    Description of Project: The goal of the mission was to assist the department in the search of hospitality investors. Horwath HTL carried out a supply analysis, plus projects identification in partnership with the contracting authority, as well as assistance for operator selection.

    Project Status: Assignment completed in 2010 – 2012 – under application

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    National Museum of Natural History Programming and feasibility study for the renovation project of the Vincennes Zoo, France

    National Museum of Natural History Programming and feasibility study for the renovation project of the Vincennes Zoo, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Natural & Animal Parks, Ecotourism

    Scope of Work: The Zoo at Vincennes opened in 1934. This zoo, was in danger because of the dilapidated state of some structures, and is now the subject of a public / private partnership for its renovation.

    Description of Project: Horwath HTL accompanied the Muséum National d’Histoire Naturelle in several stages of the project: Market study to determine the commercial potential of the site and its location, and detailed program in the context of market definition

    Project Status: Assignment completed in 2008 – Scheduled for opening in 2014

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  • Île de la Réunion Tourisme – Audit of the Tourism Quality Charter on the Reunion Island, France

    Île de la Réunion Tourisme – Audit of the Tourism Quality Charter on the Reunion Island, France

    Office: Horwath HTL France

    Category: Audit / Operational review / Search for investors & operators

    Scope of Work: The quality charter implemented in 1995 was audited to assess the relevance and feasibility of its integration into the French national process Quality Tourism.

    Description of Project: Two phases :Audit and feasibility study for the integration

    Project Status: Assignment completed in 2008-2009 – under application

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    Center Parcs Pierre & Vacances Definition of the leisure, nature and animal experience for Center Parcs Moselle, France

    Center Parcs Pierre & Vacances Definition of the leisure, nature and animal experience for Center Parcs Moselle, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Natural & Animal Parks, Ecotourism
    Scope of Work: With 20 areas in Europe Center Parcs (Pierre & Vacances group) is the European leader in short-term stays in a natural forest. The key success factors lie in: forest setting exceptional Aquamundo (tropical pool), immersed cottages, many services …

    Description of Project: Horwath HTL is associated in the development of projects in the Center Parcs animal component to strengthen the “visitor experience“ of wild animals since 2007.

    Project Status: Assignment completed in 2008 – project opened in 2011

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  • Wuhan Zoo – International Collection of Integrated Modification Design Scheme of Wuhan Zoo, China

    Wuhan Zoo – International Collection of Integrated Modification Design Scheme of Wuhan Zoo, China

    Office: Horwath HTL France

    Category: Feasibility/Programming – Natural & Animal Parks, Ecotourism

    Scope of Work: Wuhan, Hubei Province, is one of China’s major cities with a population of over 9 million. The zoo is a leisure destinations preferred by families. Wuhan Zoo has a large collection of animals including giant pandas, but suffers, like many urban zoos, an outdated concept.

    Description of Project: Our team was chosen among three applicants. The project developed integrate a zoo with a major global ecosystem and an aquarium submerged in the bay: the Pearl of Wuhan.

    Project Status: Assignment completed 2007 – not selected

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    Museum of Sport Support in the development of a City of Sports in front of the Stade de France, Paris Region, France

    Museum of Sport Support in the development of a City of Sports in front of the Stade de France, Paris Region, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Sport and Outdoor Leisure Facilities

    Scope of Work: The National Sports Museum project is willing to develop sport activities in the national territory.

    Description of Project: Our mission consisted of considering new activities and products under the new context, defining the programming elements depending on the location and configuration of buildings, and updating the business plan previously done according to all these developments.

    Project Status: Assignment completed in 2008 – project realized

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  • SnowWorld – Market study and positioning for the creation of an indoor winter sports complex in Barcelona, Spain

    SnowWorld – Market study and positioning for the creation of an indoor winter sports complex in Barcelona, Spain

    Office: Horwath HTL France

    Category: Feasibility/Programming – Sport and Outdoor Leisure Facilities

    Scope of Work: SnowWorld is a well-known company specialized in the conception and management of indoor winter sports complexes.

    Description of Project: Our mission consisted in making the detailed analysis of the potential market for SnowWorld’s project, highlighting the location and site strengths and weaknesses; presenting the snow dome business model and estimating forecast attendance and elements of the mix.

    Project Status: Assignment completed in 2011 – conception in progress

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    France Galop Commercial and financial feasibility of the Longchamp racecourse renovation project, Paris, France

    France Galop Commercial and financial feasibility of the Longchamp racecourse renovation project, Paris, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Sport and Outdoor Leisure Facilities

    Scope of Work: France Galop wants to overhaul the Hippodrome de Longchamp by restructuring of the buildings and the equestrian infrastructure. The company wants also to develop related businesses (restaurants, gym, spa / fitness center, event space …), by one or more private operators

    Description of Project: Horwath HTL has supported France Galop for two years from a very upstream strategic thinking to the operational implementation.

    Project Status: Assignment completed in 2008 – 2009 – construction on process

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  • Cap Cana Resort – A comparative market study (benchmarking), Dominican Republic

    Cap Cana Resort – A comparative market study (benchmarking), Dominican Republic

    Office: Horwath HTL France

    Category: Feasibility/Programming – Sport and Outdoor Leisure Facilities

    Scope of Work: Cap Cana Resort is a tourism development in the eastern part of the Dominican Republic. It includes approximately 25 million square meters of land, 8 miles of beach and coasts, a Marina of 1000 slips and three championship golf courses.

    Description of Project: Work involved benchmarking the complex with comparable projects in Mexico, the Caribbean and the East Coast of the United States.

    Project Status: Assignment completed in 2007

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    Public development authority of Marne-la-Vallée EPAMARNE/EPAFRANCE Assistance of masterplanning and programming for Roland Garros new stadium project, Marne-la-Vallée, France

    Public development authority of Marne-la-Vallée EPAMARNE/EPAFRANCE Assistance of masterplanning and programming for Roland Garros new stadium project, Marne-la-Vallée, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Sport and Outdoor Leisure Facilities

    Scope of Work: The French Federation of Tennis launched a tender to relocate the international tournament of Roland Garros in a more qualitative and adapted site. Indeed, the 8ha site situated in the south west of Paris (Porte d’Auteuil) was not more sufficient to organize such event.

    Description of Project: The public development authority of Marne-la-Vallée decided to apply for welcoming the tournament and chose Horwath HTL France to highlight the assets of the area, program a year-round leisure and sport living place, and adapt the legal and financial framework, as well as the Business Plan.

    Project Status: Assignment completed in 2010-2011 – project awarded second behind Paris

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  • MIGROS – Feasibility studies and business plan for a leisure center with water park and shopping mall in Neydens, France

    MIGROS – Feasibility studies and business plan for a leisure center with water park and shopping mall in Neydens, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Leisure & Shopping Malls

    Scope of Work: Migros wanted to develop a center with a water park, a fitness center, hotel and a shopping area in Neydens’s. Relaxation, balance and well-being while respecting the nature and the environment were the core value of this project.

    Description of Project: The mission focused on market research and the business plan.

    Project Status: Assignment completed in 2007-2008 – project opened in 2010

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    Aksal Group – Guidance in the development of a tourist offer in Morocco Mall, France

    Aksal Group – Guidance in the development of a tourist offer in Morocco Mall, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Leisure & Shopping Malls

    Scope of Work: Morocco mall is 200 000 m² large shopping center project. It aims to be also a place to live in and to welcome 15 million visitors a year.

    Description of Project: Definition of leisure activities and facilities programming; urban and technical integration; business plan; guidance in the search of operators and managers

    Project Status: Assignment completed in 2010 – project opened in 2012

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  • Ocean Sand Development LLC  Feasibility analysis for a proposed hotel condominium and townhouse development project, Dominican Republic

    Ocean Sand Development LLC Feasibility analysis for a proposed hotel condominium and townhouse development project, Dominican Republic

    Office: Horwath HTL France

    Category: Feasibility/Programming – Leisure & Shopping Malls

    Scope of Work: The “Miracle Mile” project will consist of a mixed-use beachfront hotel resort and residential development that will be located in Cabarete and will cover an area of approximately 87,000 square meters of land.

    Description of Project: Horwath HTL conducted a Potential Market Research and a Feasibility Study for a Proposed Mixed use Hotel and Luxury Residential Resort Complex.

    Project Status: Assignment completed in 2012

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    Terme De La Salamandra – Market and feasibility study and project concept for a hot springs mixed-use project, Dominican Republic
    Tourism & Leisure

    Terme De La Salamandra – Market and feasibility study and project concept for a hot springs mixed-use project, Dominican Republic

    Office: Horwath HTL France

    Category: Feasibility/Programming – Leisure & Shopping Malls

    Scope of Work: Development of a luxury mixed-use complex that covers approximately two million square meters, which includes a world class spa, golf and tennis resort, incorporated with the natural hot springs on the site, making it the only hot springs hotel in the Caribbean.

    Description of Project: Business plan report, which includes evaluating the market and economic viability of the project, providing estimations of market p otential, occupancy and average rates for the project, based on potential positioning within the market and recommending a facilities program in the context of anticipated market demand. Also, Horwath HTL assisted the architectures with developing the project concept as well as performing a site evaluation.

    Project Status: Assignment completed in 2012

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  • Immochan  Market study, product positioning, and concept for a complete leisure complex, France

    Immochan Market study, product positioning, and concept for a complete leisure complex, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Leisure & Shopping Malls

    Scope of Work: The company Immochan wants to build a leisure and commercial complex on nearly 20 hectares on the French-Swiss border near Geneva (in Saint-Genis-Pouilly). Because of the competitive environment, the company wants to think about a specific concept for its leisure complex.

    Description of Project: Horwath HTL assisted Immochan during the first phase of its implementation strategy: we realized a market study based on a diagnosis of the site, a supply and demand study focused on leisure and a benchmark. The second phase of the study consisted in the definition of the positioning and the global concept. We proposed several scenarios and assist Immochan in choosing the best one.

    Project Status: Assignment completed in 2012 – conception in progress

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    Ikea Strategic study of the development of leisure facilities – Ikea Mall – Caen, France

    Ikea Strategic study of the development of leisure facilities – Ikea Mall – Caen, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Leisure & Shopping Malls

    Scope of Work: Caen Ikea Mall is 50,000 m² large shopping center project which 17,000 m² for leisure. The mall includes a variety of interior and outdoor recreation facilities.

    Description of Project: Market study, definition of leisure activities and facilities programming, urban and technical integration, business plan and guidance in the search of operators

    Project Status: Assignment completed in 2012 – construction in progress

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  • Eiffel Tower Management Company (SCET) – Assistance in the development of the tourism and business project for the candidacy of SCET Management Company in the renewal of the concession contract on the Eiffel Tower, Paris, France

    Eiffel Tower Management Company (SCET) – Assistance in the development of the tourism and business project for the candidacy of SCET Management Company in the renewal of the concession contract on the Eiffel Tower, Paris, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Culture & Heritage Facilities

    Scope of Work: In 2005, the concession to the Eiffel Tower expired. A consortium composed of the City of Paris, Paris Tourist Office, LVMH, Eiffage, Dexia and Providev creating the SETE (replacing the SCET), in order to candidate for the next concession.

    Description of Project: Horwath HTL was part of the project and analyzed the following components: Welcoming of visitors (spaces, flux, services,…), profit centers, price policy and marketing-mix, cultural and educational contents.

    Project Status: Assignment completed in 2005-2006 – under application

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    Private owner – Tourism development project on the monastery of Žd’ár nad Sázavou, Czech Republic

    Private owner – Tourism development project on the monastery of Žd’ár nad Sázavou, Czech Republic

    Office: Horwath HTL France

    Category: Feasibility/Programming – Culture & Heritage Facilities

    Scope of Work: Horwath HTL have been commissioned to define a concept to enhance the Monastery of Zdar nad Sazavou and its outbuildings. The aim was to provide a guarantee of consistency and global quality for the development project and ensure the operational process.

    Description of Project: Strategic analysis of the tourism sector and definition of a global concept of enhancement as a nature and culture destination. Identification of the programmatic pillars (welcome facilities, resort,…) and elaboration of global plans for the individual components of the project

    Project Status: Assignment completed in 2012 – construction in process

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  • France Museum Demand matrix and profile survey for the proposed Louvre Museum Abu Dhabi, UAE

    France Museum Demand matrix and profile survey for the proposed Louvre Museum Abu Dhabi, UAE

    Office: Horwath HTL France

    Category: Feasibility/Programming – Culture & Heritage Facilities

    Scope of Work: Agence France Museums commissioned in 2008 Horwath HTL a study on potential public of the future Louvre Abu Dhabi.

    Description of Project: This study focused on the analysis of two markets :

    • Residents of the United Arab Emirates: characteristics of the population with a focus on the student population ; behaviors on the cultural practices, sports and leisure, through a ad hoc survey conducted with a sample of 1000 people.
    • Tourist population: ad hoc survey conducted among 2,000, on their profiles, behaviors and motivations on visiting cultural sites.

    Project Status: Assignment completed in 2008 – construction in progress

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    Vinci Concessions – Feasibility study and development program for the creation of a « Cité Musicale » on the Seguin Island

    Vinci Concessions – Feasibility study and development program for the creation of a « Cité Musicale » on the Seguin Island

    Office: Horwath HTL France

    Category: Feasibility/Programming – Culture & Heritage Facilities

    Scope of Work: The “Cité Musicale” (“City of Music”) – a major entertainment and convention center – is part of an overall development of the famous Seguin Island (former Renault factory), on the Seine and very close from Paris. VINCI Concessions is a candidate to obtain a PPP contract with the local authority and chose Horwath HTL French team

    Description of Project: If chosen, Horwath HTL will conduct market Research, Mix-marketing; site analysis and accessibility issues, adequacy program (design) / project (operational objectives)

    Project Status: Assignment completed in 2012 – 2013 – project under selection

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  • Leontief Institute Preservation of Cultural Heritage and its Use in Russia
    Tourism & Leisure

    Leontief Institute Preservation of Cultural Heritage and its Use in Russia

    Office: Horwath HTL France

    Category: Feasibility/Programming – Culture & Heritage Facilities

    Scope of Work: Ministry of Culture needed strategic approach to its large number of cultural attractions in four regions (Leningrad region with St. Petersburg, Pskov region, Tver region and Novgorod region) of Russia, due to World Bank project of identification and financing several major attractors in the region for development and commercial use in tourism activities.

    Description of Project: Identification and evaluation of cultural attractions; positioning and programming of sites. Marketing strategy for program “Silver ring of Russia”

    Project Status: Assignment completed in 2009 – under application

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    Departemental Authority of Hauts-de-Seine (92) Albert Kahn Garden-Museum – Detailed technical programming

    Departemental Authority of Hauts-de-Seine (92) Albert Kahn Garden-Museum – Detailed technical programming

    Office: Horwath HTL France

    Category: Feasibility/Programming – Culture & Heritage Facilities

    Scope of Work: The ‘Département’ Hauts-de-Seine was wishing to carry out a wide construction/regeneration project centered around the regional flagship museum of Albert Kahn. This project was both a matter of cultural image strategy for the département, and of architectural and cultural enhancement of the site itself.

    Description of Project: Horwath HTL conducted a site analysis and an inventory of needs, followed by an architectural/urban/technical and economic feasibility study. The team then wrote a detailed technical programming,and provided assistance for the tender elaboration.

    Project Status: Assignment completed in 2012- 2013 – Invitation for architects to tender is closed

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  • Strasbourg Community Feasibility of the House of Europe in the district of Europe, Strasbourg, France

    Strasbourg Community Feasibility of the House of Europe in the district of Europe, Strasbourg, France

    Office: Horwath HTL France

    Category: Feasibility/Programming – Culture & Heritage Facilities

    Scope of Work: In November 2009, Strasbourg Community appointed a committee to consider and make proposals concerning the creation of a “House of Europe” in Strasbourg. The aim of this structure is to make Europe, its history, its operations and future projects more accessible to citizens.

    Description of Project: The Committee commissioned Horwath HTL to define the concept and to ensure the feasibility of this place and for Europe.

    Project Status: Assignment completed in 2010 – construction in progress

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    Feasibility and programming study for the development of the « Silo d’Arenc » theater in Marseille, France

    Feasibility and programming study for the development of the « Silo d’Arenc » theater in Marseille, France

    Office: Horwath HTL France

    Category: Feasibility / Programming – Congresses, Exhibition and Event Centers

    Scope of Work: Built in 1926, the grain elevator of Arenc is a landmark built for the City of Marseille. The Autonomous Port and the City of Marseille want to rehabilitate it and transform it into a theater currently under construction (delivery 2011). The city wished to establish how to run it in the most effective way.

    Description of Project: After conducting a market survey to position the facilities and establish the aorganization, our mission compiled a P&L statement and concluded by acknowledging the most relevant type of management.

    Project Status: Assignment completed in 2008 – project opened in 2011

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  • Regional authority of Val de Marne – Convention Hall – Operational set-up in the Orly airport, France

    Regional authority of Val de Marne – Convention Hall – Operational set-up in the Orly airport, France

    Office: Horwath HTL France

    Category: Feasibility / Programming – Congresses, Exhibition and Event Centers

    Scope of Work: Aéroports de Paris carries out a real estate project called “Heart Orly”: with office spaces, hotels, malls, and optionally a convention hall.

    Description of Project: Horwath HTL defined the operational set-up of the convention hall : Analysis of different possible set-ups and benchmark, analysis of economic benefits, partner research. Definition of the operational set-up.

    Project Status: Assignment completed in 2008 – construction in progress

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    Development Solutions Real Estate and Project Management Company Adjara Coastal Area Tourism Development Master Plan, Georgia

    Development Solutions Real Estate and Project Management Company Adjara Coastal Area Tourism Development Master Plan, Georgia

    Office: Horwath HTL France

    Category: Master Planning

    Scope of Work: Renovation of a former phosphate mine into a large amusement represents not only a conceptual but also a pragmatic framework for an efficient management of the development progress in the time to come.

    Description of Project: Using the standard international procedure of regional and destination tourism planning, Horwath HTL Croatia, in collaboration with THR Barcelona, have objectified the development potential and established a development concept, which is in line with the international praxis in similar projects.

    Project Status: Assignment completed in 2007

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  • AKWAAN Properties – Market Research, Concept Development & Pre-Feasibility Study for a Business Park in Riyadh, Saudi
    Tourism & Leisure

    AKWAAN Properties – Market Research, Concept Development & Pre-Feasibility Study for a Business Park in Riyadh, Saudi

    Office: Horwath HTL France

    Category: Feasibility / Programming – Congresses, Exhibition and Event Centers

    Scope of Work: Elaboration of a upmarket, full service hotel concept with 168 keys and additional profit generating outlets.

    Description of Project: Location and market analysis; identification of synergy effects between product components and within the business park. Space allocation program for hotel component. Pre-Feasibility calculation.

    Project Status: Assignment completed in 2009

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    Private investors Feasibility study and hospitality complex programming in Turkey

    Private investors Feasibility study and hospitality complex programming in Turkey

    Office: Horwath HTL France

    Category: Master Planning

    Scope of Work: The « Halikarnas » hospitality complex is located on a 400 hectares coastal area, 5 km from Bodrum, one of the main Turkish seaside resorts.

    Description of Project: Horwath HTL mission was to establish the feasibility of an hospitality, real estate and leisure (marina & golf) components in the complex.

    Project Status: Assignment completed in 2008

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  • Sama Dubai Hotel Feasibility and Programming in the Mediterranean Gate Project, Tunisia

    Sama Dubai Hotel Feasibility and Programming in the Mediterranean Gate Project, Tunisia

    Office: Horwath HTL France

    Category: Master Planning

    Scope of Work: The Mediterranean Gate is a new mixed urban project spreads out over 1000 hectares on the South Lake banks and aims at the creation of a new district integrated in Tunis. The project will comprise residential, commercial and recreational areas, a central business district, seaside resorts, golf, a convention hall and shopping malls.

    Description of Project: Horwath HTL got involved in the marketing and financial feasibility of hospitality components, as well as the programming of facilities and the global master planning.

    Project Status: Assignment completed in 2008 – project delayed

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    City of Cannes – Guidance in the long-term lease of the Palais des Festivals et des Congrès of Cannes, France
    Tourism & Leisure

    City of Cannes – Guidance in the long-term lease of the Palais des Festivals et des Congrès of Cannes, France

    Office: Horwath HTL France

    Category: Feasibility / Programming – Congresses, Exhibition and Event Centers

    Scope of Work: The Palais des Festivals and conferences of Cannes hosts numerous events such as the MIPIM, the Film Festival…. The city plans an extension on 2 levels with 7.000 m² of floor space at a cost of about 77 million euros.

    Description of Project: Inventory of the assets of the current situation, assistance in the drafting of the new contract (financial forecasts), guidance in the choice of the operator.

    Project Status: Assignment completed in 2010 – construction in progress

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  • Moroccan Phosphates Office – Feasibility Study and Programming of Mine Verte Park in Morocco

    Moroccan Phosphates Office – Feasibility Study and Programming of Mine Verte Park in Morocco

    Office: Horwath HTL France

    Category: Master Planning

    Scope of Work: Renovation of a former phosphate mine into a large amusement, discovery and relaxation park.

    Description of Project: The program includes 5 components: Thematic Gardens on 14 hectares, with playgrounds, relaxation areas, gardens themes, slides, aquatic areas ; the Sustainable Development City containing a convention hall, showrooms, restaurants and shops (15 000 m²) ; a thematic Park about “The Adventures of Life” with a paleontological museum and greenhouses ; a great show on the history of Morocco and a real-estate complex.

    Project Status: Assignment completed in 2008 / 2009 – project delayed

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    Confidential Market and Feasibility Study for a Luxury Hotel on Palm Jumeirah, Dubai

    Confidential Market and Feasibility Study for a Luxury Hotel on Palm Jumeirah, Dubai

    Office: Horwath HTL France

    Category: Master Planning

    Scope of Work: All necessary steps to evaluate the financial feasibility of this luxury property.

    Description of Project: Market research and bankable financial feasibility study; site and market analysis; review of development concept; positioning strategy; verification of investment costs; operational profitability and return calculations.

    Project Status: Assignment completed in 2011 / 2012 – under application

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  • Private Investor Feasibility Study for a Tourist Resort Complex in Brazil
    Tourism & Leisure

    Private Investor Feasibility Study for a Tourist Resort Complex in Brazil

    Office: Horwath HTL France

    Category: Master Planning

    Scope of Work: Recommendations as to the most appropriate development concept and the envisaged nature, scale and typology of the real estate units were made for the proposed integrated tourist resort complex located in the area of the Parnaíba Delta, state of Piauí, north-east of Brazil

    Description of Project: Market and financial feasibility study with comments, recommendations and financial projections .

    Project Status: Assignment completed in 2012 – under application

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    The Cisneros Group Inc. – Market and feasibility study and determination of project current market value, Dominican Republic

    The Cisneros Group Inc. – Market and feasibility study and determination of project current market value, Dominican Republic

    Office: Horwath HTL France

    Category: Master Planning

    Scope of project: Samana, Dominican Republic: this project covers an area of 6,263 acres which will include two hotels, two golf courses and a spa.

    Description of Project: Site analysis, market study and prospective financial analysis as well as a determination of the current market value of the property. The study also included a prospective market value of the project including the value of the remaining land the project had not yet utilized.

    Project Status: Assignment completed in 2010

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  • Investment Company in Abu Dhabi – Highest and Best Use Study for a Hotel in Basra, Iraq

    Investment Company in Abu Dhabi – Highest and Best Use Study for a Hotel in Basra, Iraq

    Office: Horwath HTL France

    Category: Master Planning

    Scope of Work: Development of an up-market, full-service hotel concept.

    Description of Project: Site and market analysis. Risk assessment in terms of political and security situation. Analysis of the legal framework. Space allocation program and functional hotel operation requirements.

    Project Status: Assignment completed in 2011

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    Atout France Tourist offices of the future – The digital support of hosting, France

    Atout France Tourist offices of the future – The digital support of hosting, France

    Office: Horwath HTL France

    Category: Observation, Impact Evaluation, New Technologies

    Scope of Work: The mission was focused on the implementation of a prospective study in order to explain what is and what could be the future modes of tourist information and tourist hosting, in the digital era/age. It was also an opportunity to analyze the role that tourist offices would play in this digital hosting world.

    Description of Project: Overview and evaluation of support services for mobility, analysis of the behavior and expectations of tourist populations, positioning of tourist offices in the world of digital hosting.

    Project Status: Assignment completed in 2010

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  • French Ministry of Tourism (DGCIS) M-Tourism prospective study, France

    French Ministry of Tourism (DGCIS) M-Tourism prospective study, France

    Office: Horwath HTL France

    Category: Observation, Impact Evaluation, New Technologies

    Scope of work: the aim of this mission was to understand the opportunities and issues related to the diffusion of technologies related to mobility for tourism businesses. This work should enable solution providers to adapt their products to consumer expectations.

    Description of Project: Usage scenario, business model, distribution of added value, Internet application in tourism mobility

    Project Status: Assignment completed in 2011

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    Moroccan National Tourist Office E-TOURISM – Advisory and guidance for Morocco
    Tourism & Leisure

    Moroccan National Tourist Office E-TOURISM – Advisory and guidance for Morocco

    Office: Horwath HTL France

    Category: Observation, Impact Evaluation, New Technologies

    Scope of Work: The study aimed at detecting beaches which may have tourism

    Scope of Work: The recommendations focused on the type of system and how to integrate them into the website visitmorocco.com.

    Description of Project: Horwath HTL conducted a diagnosis of the marketing system of tourism products in Morocco and a benchmark of the e-tourism strategy of the National Tourist Offices in ten countries.

    Project Status: Assignment completed in 2008 / 2009

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  • French Ministry of Tourism (DGCIS) Diagnostic study for the revival of the incoming agencies’ industry in France

    French Ministry of Tourism (DGCIS) Diagnostic study for the revival of the incoming agencies’ industry in France

    Office: Horwath HTL France

    Category: Observation, Impact Evaluation, New Technologies

    Scope of Work: As a very diverse and dispersed sector, the French incoming offer suffers from a lack of organization and structure at the local and national levels.

    Description of Project: Inventory of the field and recent developments. Analysis of brakes and opportunities for the development of the incoming sector in France. Recommendations (short and medium term) to public stakeholders.

    Project Status: Assignment completed in 2012

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    AFD/Mauritanian Ministry of Tourism – Definition and implementation of an integrated plan for the development of ecotourism in Mauritania

    AFD/Mauritanian Ministry of Tourism – Definition and implementation of an integrated plan for the development of ecotourism in Mauritania

    Office: Horwath HTL France

    Category: Institutional support

    Scope of Work: An in-depth study of the tourism offer and demand led to the definition of a global program with our recommendations for an efficient development of ecotourism, and the identification of both marketing and infrastructure needs.

    Description of Project: A marketing plan for public and private actors in Mauritania. The implementation of a tourism re-development action plan for 2009, including operational actions, a training program: comprehensive framework, training of trainers etc. An ecolodge creation in national parks. Reception facilities in the park

    Project Status: Assignment completed in 2007 / 2010 – Under application

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  • EU/CDE – Investment in Sustainable Tourism Southern Africa
    Tourism & Leisure

    EU/CDE – Investment in Sustainable Tourism Southern Africa

    Office: Horwath HTL France

    Category: Institutional support

    Scope of Work: The Project aimed to assist the Regional Office to evaluate the ability of Botswana key players in the tourism industry to efficiently meet the challenges induced in the development of renewable energy tourism.

    Description of Project: Elaboration of the organizational and institutional frameworks required to address the necessary changes for investment and knowledge transfer. Organization of a professionals and service provider’s roundtable.

    Project Status: Assignment completed in 2010

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    International Finance Corporation (IFCTechnical Consulting Services for the King Khaled Int. Airport Service City in Riyadh, Saudi Arabia

    International Finance Corporation (IFCTechnical Consulting Services for the King Khaled Int. Airport Service City in Riyadh, Saudi Arabia

    Office: Horwath HTL France

    Category: Institutional Support

    Scope of Work: Definition of technical infrastructure requirements for planned airport service city development.

    Description of Project: Site assessment with a focus on technical infrastructure and land potential. Real estate market analysis including office, retail and hotel sectors. Revision of existing development concept and adaptation of product mix to market needs.

    Project Status: Assignment completed in 2010

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  • CORFO/Chilean Government – Investment Opportunities in MICE Tourism, Antofagasta Region, Chile

    CORFO/Chilean Government – Investment Opportunities in MICE Tourism, Antofagasta Region, Chile

    Office: Horwath HTL France

    Category: Institutional support

    Scope of Work: This study’s aim was to create, promote, strengthen and improve the competitiveness of the business tourism industry.

    Description of Project: New initiatives and investments to promote planned development business tourism or MICE individual and groups in the cities of Antofagasta and Calama.

    Project Status: Assignment completed in 2011 / 2012 – Under application

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    Société Marocaine d’Ingénierie Touristique (SMIT) Potential planning of a 120-hotel portfolio in Morocco

    Société Marocaine d’Ingénierie Touristique (SMIT) Potential planning of a 120-hotel portfolio in Morocco

    Office: Horwath HTL France

    Category: Institutional Support

    Scope of Work: The study analyzed the general environment and the hotel market, in order to make recommendations according to the hotel units analysis’ results and estimations as per ist upgrading needs.

    Description of Project: General environment analysis and hotel market overview. External analysis of the units: socio-economic analysis and diagnosis of the tourism market of the studied town. Internal analysis of the units: market/product analysis, technical assessment of the ability of each unit to meet the demands of the market.

    Project Status: Assignment completed in 2009 / 2011 – Project achieved

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  • Majdanpek Tourism Board – Operational marketing plan for tourism area Iron Gate (Djerdap)

    Majdanpek Tourism Board – Operational marketing plan for tourism area Iron Gate (Djerdap)

    Office: Horwath HTL France

    Category: Institutional support

    Scope of Work: The key of the project was to increase the profitability of the tourism sector, through the penetration of new markets, and by ensuring an optimal balance between regional and local tourism marketing, e.g. swift implementation of proposed activities.

    Description of Project: Market potential evaluation and further context of growth in 5 to 7 years. Identification and research of competitiveness and windows of opportunities in current macro environment. Development of efficient marketing tools with modern and pro-active approach to tourism marketing

    Project Status: Assignment completed in 2012 – Under application

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    Croatian National Tourism Board Operational – Marketing Plan for Croatian Tourism  for year 2013
    Tourism & Leisure

    Croatian National Tourism Board Operational – Marketing Plan for Croatian Tourism for year 2013

    Office: Horwath HTL France

    Category: Institutional support

    Scope of Work: As 2013 is a transitional year, in the light of the strategic marketing plan entering its last year, CNTB needed pragmatic and up-to-date operational marketing tools to transform its passive and obsolete activities into modern and increasingly online ones.

    Description of Project: List of prioritized tools and activities for 2013. The marketing budget needed to be focused into less but more specialized activities.

    Project Status: Assignment completed in 2012 – Under application

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  • CORFO/Chilean Government  Investment Opportunities in Sustainable Tourism in the Seacoast, Atacama Region, Chile
    Tourism & Leisure

    CORFO/Chilean Government Investment Opportunities in Sustainable Tourism in the Seacoast, Atacama Region, Chile

    Office: Horwath HTL France

    Category: Institutional support

    Scope of Work: The study aimed at detecting beaches which may have tourism potential, and their capacity to attract investments to the waterfront of the Atacama Region.

    Description of Project: market study, identification of tourism projects under sustainable standards, survey among operators in the tourism industry.

    Project Status: Assignment completed in 2011 / 2012 – Under application

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    UNESCO Tourism development strategy of Angkor, Cambodia

    UNESCO Tourism development strategy of Angkor, Cambodia

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: Angkor in the northern province of Cambodia called Siem Reap, is one of the most important archaeological sites in Southeast Asia. The site covers approximately 400 square kilometers.

    Description of Project: The mission conducted by Horwath HTL consisted in the realization of a strategic diagnosis of the components of destination (culture and leisure activities, accommodation, ..)
    Following this diagnosis, Horwath HTL has developed a tourism development strategy adapted to the territory, with the objective of enhancing the global attendance.
    An action plan was then submitted to the authorities, in order to participate in the operational implementation of the project

    Project Status: Assignment completed in 1995 – this plan was applied to the period 1995-2005

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  • Croatian National Tourism Board – Tourism Strategic Marketing Plan for Croatia 2001-2005

    Croatian National Tourism Board – Tourism Strategic Marketing Plan for Croatia 2001-2005

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: Defining a national marketing plan for tourism

    Description of Project: Objective of this project was to define strategic and operational marketing plan for Croatian tourism. Key problem was to achieve agreement on plan structure between Croatian regions and tourism experts. Additional objective was to create cooperation framework for plan implementation, taking into consideration differences between regions and tourism products in Croatia

    Project Status: Assignment completed in 2006 – under application

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    Destination Semmering Ltd Destination Concept for the destination Semmering, Austria

    Destination Semmering Ltd Destination Concept for the destination Semmering, Austria

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: The aim was to stimulate the goal of Semmering to become Austria’s and Europe’s leading tourism resort a destination concept was elaborated

    Description of Project: A market and competition analysis, a positioning/ brand mission statement and a market segments and target group conceptualization was conducted. The final part was to write action plans, determine time frames and suggest recommendations.

    Project Status: Assignment completed in 2010 – Under application

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  • Baikal Regional Government – Tourism Development Plan for the Baikal Region, Russia

    Baikal Regional Government – Tourism Development Plan for the Baikal Region, Russia

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: Based on the natural resources and overall attractiveness of the Baikal Lake, this plan takes into consideration the trends in international tourism demand, the need for ecologically sustainable development, as well as the achievement of long-run economic prosperity of the Region.

    Description of Project: The task was to define the plan on development of tourism industry of the Baikal Region. In order to make the Baikal Region an attractive and internationally recognized tourism destination, a comprehensive strategic development plan has been elaborated.

    Project Status: Assignment completed in 2006 – under application

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    Engineering and Consulting Office for Utilities (ECOU) Revitalisation of Darnah Waterfront, Libya

    Engineering and Consulting Office for Utilities (ECOU) Revitalisation of Darnah Waterfront, Libya

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: Revitalisation of Darnah Waterfront, Lybia

    Description of Project: Market research, development concept, masterplanning. Site assessment with a focus on cultural and natural heritage with tourism potential. Benchmark of international waterfront developments. Tourism demand potential analysis. Waterfront development vision;

    Project Status: Assignment completed in 2010 – Under application

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  • Ministry of Trade, Tourism and Services of Republic of Serbia – Strategy of Tourism Development for Serbia
    Tourism & Leisure

    Ministry of Trade, Tourism and Services of Republic of Serbia – Strategy of Tourism Development for Serbia

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: The mission consisted in defining the strategy of tourism development of Republic of Serbia, which will enable Serbia to increase the employment rate in tourism sector and well-being of its population.

    Description of Project: Structuring a positive image of Serbia on a global market meanwhile preserving its natural and cultural resources. Increasing competitiveness of Serbian tourism industry on the global and domestic market with the identification of areas (clusters / or products) in which Serbia has largest potential for tourism development

    Project Status: Assignment completed in 2006 – under application

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    Romania – Ministry of Regional development and Tourism of Romania Strategic and operational marketing plan for Romanian tourism

    Romania – Ministry of Regional development and Tourism of Romania Strategic and operational marketing plan for Romanian tourism

    Office: Horwath HTL France

    Cateogry: Tourism development strategy

    Scope of Work: After having successfully created a new tourism brand, the Romanian government needed an effective and up-to-date marketing plan. The aim was to outline clear actions in order to promote and communicate the new brand as well as its tourism offer to the global tourism market.

    Description of Project: The strategic part of the plan proposed 6 key tourism products and key strategies for markets, market segments as well as communication strategy. The operational marketing plan gave clear road map for developing integral marketing activities in domestic and foreign markets.

    Project Status: Assignment completed in 2011 – Under application

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  • Republic of Rwanda – Ministry of Trade and Industry The Development of Kivu Belt Tourism Sub-Master Plan
    Tourism & Leisure

    Republic of Rwanda – Ministry of Trade and Industry The Development of Kivu Belt Tourism Sub-Master Plan

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: To provide a feasibility study and a physical master plan; framework and strategic plan for both public sector investments (such as infrastructure and other public facilities, conservation, etc.) and private sector investors/stakeholders in the tourism industry.

    Description of Project: Development of a Sub-Master Plan for resort projects and towns along Kivu Belt in the western region of Rwanda. Diagnosis and analysis of the available data as well as field visits to design a sustainable tourism Sub-Master Plan.

    Project Status: Assignment completed in 2012 – Under application

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    Marrakesh, Morocco – Research of an alternative operating model for a holiday club

    Marrakesh, Morocco – Research of an alternative operating model for a holiday club

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: Club Med operates three villages of various sizes and standings in Marrakesh (Morocco), of which La Medina, located right on Jemaa El Fna Place. The dated property design and the small land plot are sources of operating constraints. Club Med appointed Horwath HTL to estimate the potential of the existing village and re-design its product offer and corresponding operating model.

    Description of Project: 200 keys today, three alternatives proposed

    Project Status: Assignment completed in 2011 – On-going discussions between owner and operator

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  • Aquitaine Region and Public Interest Group (PIG) Littoral Aquitain – Tourism prospective study for Aquitaine Region, France

    Aquitaine Region and Public Interest Group (PIG) Littoral Aquitain – Tourism prospective study for Aquitaine Region, France

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: The Regional Council and the Public Interest Group Littoral launched a prospective study for the tourism of the Aquitaine Region.

    Description of Project: Territorial diagnosis particularly focused on the coastline. Development of prospective scenarios. The strategy was then translated into two action-plans, one for the region and another one focused on the coastline

    Project Status: Assignment completed in 2011 – Under application

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    Kazakhstan – Industry and Development Institute System Plan for Tourism Development in the Republic of Kazakhstan
    Tourism & Leisure

    Kazakhstan – Industry and Development Institute System Plan for Tourism Development in the Republic of Kazakhstan

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: In 2012, Horwath HTL network (Zagreb, Paris, Moscow offices), was mandated by the Kazakhstan Industry Development Institute (KIDI) to elaborate the first tourism policy and objective setting document in the country.

    Description of Project: Strategic vision of tourism by 2020 ; planning and implementation of the Kazakh tourism development program (evaluation of tourism investment projects, of State-supported measures, …)

    Project Status: Assignment completed in 2012 / 2013 – Under application

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  • V&A Waterfront, Cape Town
    Planning & Development

    V&A Waterfront, Cape Town

    Office: Horwath HTL South Africa

    Scope of work:
    Hotel Operator Identification, Selection and Appointment
    Market Intelligence ~ Urban Design Strategy
    Potential Hotel Development Opportunity Report

    Description of project:
    Since inception in 1989, the V&A Waterfront precinct has been successfully developed to encompass a large variety of mixed-uses and activities, including retail, commercial, leisure and hospitality, residential, and a working harbour.
    On two occasions, the Client considered incorporating additional Hotel developments within the Clock Tower Precinct of the Victoria & Alfred Waterfront. In the first instance, Horwath HTL was appointed to facilitate the hotel operator identification, approach, selection, and appointment process. In the second instance, Horwath HTL was engaged to “test” the hotel concept, associated proposed design elements, and functionality of the proposed scheme from a hotel operations perspective, make recommendations with regard to the proposed positioning, identify potential hotel operators most suited to such a hotel development, and approach these hotel operators to gauge their interest in the opportunity.
    The Client wished to review and explore urban design proposals for the development of the remaining bulk in the V&A Waterfront precinct. Horwath HTL (South Africa) was tasked with providing an analysis of the then current and anticipated future hospitality environment in the immediate surrounding areas of Cape Town CBD, Foreshore, and the Atlantic Seaboard in addition to the V&A Waterfront precinct.
    Following the most recent acquisition of the V&A Waterfront, the new Owners commissioned Horwath HTL to prepare a report which would provide the Client with insights into the Western Cape hotel environment which would assist them in evaluating the future development potential of the precinct’s hospitality offering.

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    The Patrick Partnership, Cape Town
    Asset Management

    The Patrick Partnership, Cape Town

    Office: Horwath HTL South Africa

    Scope of work:
    Operation Review
    Litigation Support
    Management Agreement Review

    Description of project:
    At the Landlord’s request, Horwath HTL (South Africa) undertook a review of the Tenant’s accounting procedures in order to verify turnover certificates provided by the Tenant for the purposes of turnover rental calculations were an accurate reflection of revenue derived from the hotel’s operations.
    In the arbitration case brought against the Tenant, Horwath HTL (South Africa) fulfilled the role of primary expert witness in the Landlord’s defence. This required us to work closely with the Landlord’s legal team as well as Senior Council in support of the preparations prior to and during the arbitration hearings.
    On behalf of the Landlord, who assumed control of the hotel business, Horwath HTL (South Africa) was appointed to undertake a review of the management agreement presented by the prospective hotel operator as amended by the Owner’s legal team. The review process included a review of the budget prepared and submitted by the prospective hotel operator and provide comment thereon in support of the Owner’s application for funds to redevelop and ultimately reposition the property.

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  • Singita Sabi Sands, Mpumalanga
    Asset Management

    Singita Sabi Sands, Mpumalanga

    Office: Horwath HTL South Africa

    Scope of Work:
    Standard Operating Policies and Procedures

    Description of project:
    Horwath HTL (South Africa) was commissioned to design and development operating policies and procedures that embodied Singita’s operating standards as they pertain to the operations of luxury game reserves. Standard Operating Policies and Procedures were developed in respect of the following operational departments: Administration, Gift Shop, Guiding, Health Spa, Housekeeping, Human Resources, Kitchen, Lodges, Private Camp, Reservations, and Wine Boutique.

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    One & Only Cape Town, Cape Town
    Planning & Development

    One & Only Cape Town, Cape Town

    Office: Horwath HTL South Africa

    Scope of work:
    Market Analysis and Financial Feasibility Study

    Description of project:
    Located in the Victoria & Alfred Waterfront the One&Only Cape Town comprises 91 guestrooms and suites situated in the Marina Rise and a further 40 guestrooms and suites situated on the exclusive Island. An all-day dining restaurant by local celebrity chef Reuben Riffel, the speciality Nobu restaurant by Michelin-starred chef Nobu Matsuhisa, alfresco dining at Isola, and Vista – the lobby lounge/ bar area provide for guests’ food and beverage requirements. Conference/ banquet and meeting rooms are also provided for. Among the hotel’s leisure facilities, a day spa complete with yoga pavilion and relaxation rooms is complimented by a beauty centre and stated of the art fitness centre. KidsOnly provides a supervised program for children aged 4 – 11.

    Project status:
    Open

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  • Hyatt Regency Oubaai Golf Resort & Spa, Herolds Bay
    Planning & Development

    Hyatt Regency Oubaai Golf Resort & Spa, Herolds Bay

    Office: Horwath HTL South Africa

    Scope of work:
    Market Analysis and Financial Feasibility Study

    Description of project:
    Located near George along the famed Garden Route, the 100-key Hyatt Regency Oubaai Golf Resort and Spa is set on a 316-acre residential and golf development. The Resort features Ernie Els’ first signature 18-hole golf course, a Lifestyle Centre, and Golf Academy. The residential component of the development comprises villas, apartments, and a Village Market. The hotel includes two restaurants, a bar, one ballroom, five meeting rooms, a chapel, and the Oubaai Clubhouse.

    Project status:
    Open

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    Atlantic Beach Hotel
    Asset Management

    Atlantic Beach Hotel

    Office: Horwath HTL South Africa

    Scope of work:
    Owner Representation

    Description of project:
    (i) performance review and monitoring;
    (ii) budget review and negotiation;
    (iii) contract compliance;
    (iv) performance improvement;
    (v) financial and operational analysis; and
    (vi) analysis of marketing concept and market positioning.

    Project Status:
    Ongoing

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  • Windhoek, Namibia – Hilton Hotel Windhoek
    Planning & Development

    Windhoek, Namibia – Hilton Hotel Windhoek

    Office: Horwath HTL South Africa

    Scope of work:
    Market Analysis and Financial Feasibility Study

    Description of project:
    The hotel is centrally located in the country’s capital city, Windhoek. The 154-key hotel is set among a mixed-use development which includes many blue chip company offices. The hotel includes five food and beverage outlets, including a rooftop terrace and bar, conference and meeting facilities, Wellness Centre, and Fitness Centre.

    Project Status:
    Open

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    Kampala, Uganda – Intercontinental Hotel Kampala
    Planning & Development

    Kampala, Uganda – Intercontinental Hotel Kampala

    Office: Horwath HTL South Africa

    Scope of work:
    Market Analysis and Financial Feasibility Study

    Description of Project:
    The hotel component of this mixed-use project will be included in the final phase (Phase III) of this development. On completion the hotel will be located adjacent to the convention centre developed in Phase II and comprise some
    350 guestrooms and suites, all-day dining restaurant, speciality restaurant, a conference room, approximately twenty meeting rooms, a business centre, health spa, and fitness centre.

    Project Status:
    Phase I of the project has commenced

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  • Mozambique – Indigo Bay Island Resort /Lugenda Bush Camp / Matemo Island Resort / Medjumbe Island Resort / Pemba Beach Resort Hotel
    Valuation

    Mozambique – Indigo Bay Island Resort /Lugenda Bush Camp / Matemo Island Resort / Medjumbe Island Resort / Pemba Beach Resort Hotel

    Office: Horwath HTL South Africa

    Scope of work:
    Portfolio Valuation

    Description of project:
    Horwath HTL (South Africa) was commissioned to provide an evaluation of the client’s portfolio of hotel properties. As the basis for estimating each property’s current contribution to the overall value of the portfolio, we reviewed the historical performance of each property, the current market conditions and market outlook, and considered anticipated improvements to the properties and/or changes in the operating environment which may enhance the property’s value.

    Project Status: Complete

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    Mauritius – St. Regis Mauritius Resort
    Planning & Development

    Mauritius – St. Regis Mauritius Resort

    Office: Horwath HTL South Africa

    Scope of work:
    Market Analysis and Financial Feasibility Study

    Description of project:
    The project site is located in close proximity to the Le Morne World Heritage Site situated in the south of the Island. The hotel comprises approximately 173 guestrooms, suites and villas; an all-day dining Creole style restaurant; a Pan-Asian restaurant; an Indian-styled restaurant; beach restaurant and bar; a main bar in addition to a wine bar; ballroom; health and beauty spa; fitness centre; diving centre; and kids club.

    Project status:
    Open

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  • Maasai Mara, Kenya – The Address Maasai Mara by African Dream Collection and Emaar Hospitality Group
    Planning & Development

    Maasai Mara, Kenya – The Address Maasai Mara by African Dream Collection and Emaar Hospitality Group

    Office: Horwath HTL South Africa

    Scope of work:
    Market Analysis and Financial Feasibility Study

    Description of project:
    Our Client had secured a 220 000 square meter parcel of land situated on the Oloololo Escarpment in Kenya overlooking the Maasai Mara National Park.
    The project, upon completion, is envisioned to comprise thirty-eight luxury guest pavilions, three food and beverage experiences, sun-downer terraces, a health spa comprising four treatment rooms, a thermal suite, fitness centre and change rooms in addition to the ancillary areas associated with such a development.
    Our Client, in partnership with African Dream Collection, required an independent assessment of the project’s viability.

    Project status
    Currently under construction

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    Union of Comoros – Union of Comoros Tourism Master Plan
    Tourism & Leisure

    Union of Comoros – Union of Comoros Tourism Master Plan

    Office: Horwath HTL South Africa

    Scope of work:
    Tourism Master Plan

    Description of project:
    Formulation of a holistic tourism strategy taking cognizance of existing tourism attractions, resources, and infrastructure and the future potential of the tourism industry identified among the three islands.

    Project Status:
    Awaiting implementation by the Government of the Union of Comoros

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  • Bamako, Mali – ACI2000 District Dry Hotel Development
    Planning & Development

    Bamako, Mali – ACI2000 District Dry Hotel Development

    Office: Horwath HTL South Africa

    Scope of work:
    Market Analysis, Concept Refinement and Financial Feasibility Study

    Description of project
    This mixed-use development is envisioned to include the first shopping mall in Mali, the proposed hotel, and a number of townhouses. The project is situated to the west of Bamako’s city centre in the ACI2000 District.

    Project Status:
    Construction on-going

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    Cape Town – 15-ON Orange Hotel
    Valuation

    Cape Town – 15-ON Orange Hotel

    Office: Horwath HTL South Africa

    Scope of work:
    Limited Market Research
    Operation Review
    Valuation

    Description of project:
    Horwath HTL (South Africa) was commissioned to provide the financial institution:

    • a brief overview of current supply and demand in the relevant segment;
    • an overview of the terms contained in the management agreement entered into between the developer and hotel operator;
    • comment on the perceived risks to the financial institution;
    • review and comment of hotel performance viz a viz a comparable set of five-star establishments likely to be competing for demand;
    • a review of the operational budget presented by the developer in support of debt funding application and comment on the reasonableness of the assumptions contained therein;
    • a review of the operational budget prepared by the hotel operator and comment on the reasonableness thereof; and
    • prepare a valuation estimate with regard to the hotel component of the mixed-use development.
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  • Valuations SS
    Valuation

    4 Regional Cities, Russia – Valuation of Courtyard by Marriott Hotels

    Project Overview: Horwath HTL Russia has been requested by the owner and developer of the hotel portfolio to prepare business valuation of the individual hotel assets (4 existing and 1 proposed hotels) with a total of 1,000 rooms managed under the Courtyard by Marriott brand.

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    CEE Region (Russia, Czech Republic, Hungary, Poland, Slovakia) – Hotel Portfolio Valuation
    Valuation

    CEE Region (Russia, Czech Republic, Hungary, Poland, Slovakia) – Hotel Portfolio Valuation

    Office: Horwath HTL Hungary & Russia

    Scope of Work: Valuation of an international hotel portfolio with properties in 5 countries and 7 cities in the CEE.

    Description of Project: Horwath HTL Hungary & Russia have been requested to value each individual hotel (12 properties in total) in the portfolio on the basis of their market value. Valuation has been prepared in accordance with the RICS Valuation Standards. The practice of our analysis comprised a review of supply and demand dynamics in the market, and its impact on the future financial performance of the properties.

    Status: Assignment completed

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  • Bük – Radisson SAS Birdland Resort & Spa
    Strategic Advice

    Bük – Radisson SAS Birdland Resort & Spa

    Office: Horwath HTL Hungary & Russia

    Scope of Work: Transactional advice to the buyer of the former Radisson SAS Birdland Resort.

    Description of Project: Horwath HTL Hungary has provided transaction support to seller in the acquisition of this property by the Horwath HTL-introduced buyer.

    Status: Transaction was completed

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    London, UK – Grosvenor Kensington Hotel
    Strategic Advice

    London, UK – Grosvenor Kensington Hotel

    Office: Horwath HTL Hungary & Russia

    Scope of Work: Acquisition Due Diligence for the former Grosvenor Kensington Hotel in London.

    Description of Project: Horwath HTL Hungary has been commissioned by the potential buyer to prepare a due diligence report to support his decision about the acquisition of the Grosvenor Kensington Hotel in London. The objective of our engagement was to provide the investor with information and assist in the assessment of the risks and opportunities of the respective acquisition.

    Status: Transaction was completed, hotel was converted into an upscale property

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  • Sochi, Russia Sochi – Adventure Theme Park and Resort
    Planning & Development

    Sochi, Russia Sochi – Adventure Theme Park and Resort

    Office: Horwath HTL Hungary & Russia

    Scope of Work: Market and Financial Feasibility Study for an extensive Sea-Side Resort project in Sochi.

    Description of Project: Horwath HTL Russia has been requested by the developer to prepare a market and financial feasibility report for a 280-key themed hotel complex, a Theme Park on 19 hectares supplemented with an extensive Retail and Entertainment Promenade at the seaside in the new emerging part of Sochi.

    Status: Resort is under development

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    Krasnaya Polyana, Russia – Gorky Gorod Mountain Resort
    Planning & Development

    Krasnaya Polyana, Russia – Gorky Gorod Mountain Resort

    Office: Hungary & Russia

    Scope of Work: Market and Financial Feasibility Study for the most complex tourism-related project in Krasnaya Polyana including the facilities for Sochi 2014 Winter Olympics.

    Description of Project: Horwath HTL Russia has been requested by one of the largest banks in Russia to prepare a market and financial feasibility report for an extensive resort complex comprising 12 hotels (3-4-5-Star) offering a total of 1,600 hotel rooms, 2,000 apartments, villas & chalets, a Spa Village, a Retail and Entertainment Centre and Ski Infrastructure.

    Status: Resort is under development

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  • Lake Balaton, Hungary – Ramada Hotel & Resort Lake Balaton

    Lake Balaton, Hungary – Ramada Hotel & Resort Lake Balaton

    Office: Horwath HTL Hungary & Russia

    Scope of Work: Operations and Financial Audit for the Ramada Hotel & Resort Lake Balaton.

    Description of Project: Horwath HTL Hungary has been requested by the financing banks to review the entire operations and financial situation of the respective resort hotel in order to maximize profitability and avoid troubled assets. The property is a 208-key resort complex comprises extensive conference, spa, entertainment and beach facilities, located at the largest fresh-water lake destination of Central Europe. Our operational and financial audit provided the necessary insight and recommendations the financing bank needed to make sound financial/strategic decisions.

    Status: Assignment completed

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    Budapest, Hungary – Ramada Resort Aquaworld Budapest

    Budapest, Hungary – Ramada Resort Aquaworld Budapest

    Office: Horwath HTL Hungary & Russia

    Scope of Work: Operations Audit for the Ramada Resort Aquaworld Budapest.

    Description of Project: Horwath HTL Hungary has been requested by the financing banks to review the entire operations and financial situation of the respective resort hotel in order to maximize profitability and avoid troubled assets. The property is a 309-key resort complex comprises extensive conference, spa and entertainment facilities, located only a 20-minute drive from the centre of Budapest. Our operational and financial audit provided the necessary insight and recommendations the financing banks needed to make sound financial/strategic decisions.

    Status: Assignment completed

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  • Gödöllő, Hungary – Strategic Development Plan for the Gödöll? Royal Palace
    Tourism & Leisure

    Gödöllő, Hungary – Strategic Development Plan for the Gödöll? Royal Palace

    Office: Horwath HTL Hungary & Russia

    Scope of Work: The Budapest Office has been commissioned to prepare a Strategic Development Plan for the Gödöllő Royal Palace and its Immediate Environment.

    Description of Project: The report prepared by Horwath HTL Hungary contains the long-term development concept, strategy and feasibility potential of the Gödöllő Royal Palace (one of the key host venues during the EU Presidency in H1 2011). Focus has been put on the revision and preparation of the project development concept followed by the feasibility assessment of the proposed developments to provide a clear view on the relevant attraction and accommodation markets and related sights (i.e. programmes, events, exhibitions, conferences and wellness facilities), the analysis of relevant demand and viability of the entire development project.

    Status: Assignment completed

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    Budapest, Hungary – Tourism Strategy and  Brand Development Concept of the Capital City
    Tourism & Leisure

    Budapest, Hungary – Tourism Strategy and Brand Development Concept of the Capital City

    Office: Horwath HTL Hungary & Russia

    Scope of Work: The Budapest Office has been involved in the preparation of the mid- and long-term Tourism Strategy and Brand Development Concept of the Capital Budapest for the period 2005-2010.

    Description of Project: Budapest Municipal Assembly has requested Horwath HTL Hungary to define the status of tourism in Budapest and prepare a 5-year tourism strategy and development plan for the capital city with focus on the development of Budapest as a brand in its marketing activities to strengthen its position and image in the international tourism market.

    Status: Assignment completed

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  • Valuations SS
    Valuation

    Casablanca, Morocco – Market and valuation study of a 180 room 5-star hotel

    Office: Horwath HTL France

    Scope of Work: An insurance company holding a hotel division has converted an existing building into an international hotel and has appointed Horwath HTL to determine the market value of the property.

    Description of Project: A full service hotel tower located in the central business district of Casablanca. 180 rooms, 4 restaurants.

    Project Status: Product hold by an insurance company

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    Paris and French Riviera, France – Valuation study of a portfolio of 5 star hotels
    Valuation

    Paris and French Riviera, France – Valuation study of a portfolio of 5 star hotels

    Office: Horwath HTL France

    Scope of Work: An institutional investor is holding a hotels and have asked Horwath HTL to complete a financial appraisal of each property in its current hotel and real estate market context.

    Description of Project: Six properties of which five located in Paris and one in Nice totalling 480 rooms and rated 4 and 5-star.

    Project Status: Product hold by an insurance company

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  • Courchevel, France – Operator and Investor search for a 100-room 4-star spa hotel
    Strategic Advice

    Courchevel, France – Operator and Investor search for a 100-room 4-star spa hotel

    Office: Horwath HTL France

    Scope of Work: The resort of Courchevel wishes to diversify beyond ski and will invest in a major spa facility connected to a vast public swimming pool. The City has appointed Horwath HTL to define the wellness facility and to search an investor for a connecting 4-star hotel.

    Description of Project: A 4-star hotel of 100 rooms; spa, sports and wellness centre (a capacity of 2500 visitors), meeting rooms, restaurants and retail.

    Project Status: Current discussions between investors and the City of Courchevel Saint Bon

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    France and Germany – Commercial due diligence of a portfolio of 180 hotels
    Strategic Advice

    France and Germany – Commercial due diligence of a portfolio of 180 hotels

    Office: Horwath HTL France

    Scope of Work: Horwath HTL has been appointed by an investment fund for the commercial due diligence of the B&B hotels portfolio. Our objective was to identify the potential of upside and the risk associated to the continuation of operations in Germany.

    Description of Project: B&B hotels are 2 star rated properties with an average room size of 15 m² and limited service. The vast majority of hotels are located in France and marginally in Germany.

    Project Status: The portfolio has grown fast in France and faster in Germany. The portfolio has been sold again with a significant upside.

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  • Marne-la-Vallée, France – Research and assistance of the project of relocation  of Rolland Garros Stadium
    Planning & Development

    Marne-la-Vallée, France – Research and assistance of the project of relocation of Rolland Garros Stadium

    Office: Horwath HTL France

    Scope of Work: The French Federation of Tennis launched a tender to relocate the international tournament of Roland Garros in a larger site as the 8-hectare site situated in the south west of Paris (Porte d’Auteuil) is not well adapted to host such a large event.

    Description of Project: Horwath HTL assisted the public development authority of Marne-la-Vallée in their bid to host the new stadium, the French Tennis Federation and the tournament. Horwath HTL designed a leisure and sport planning to keep the site attractive all year round.

    Project Status: The FFT finally decided not to relocate the tournament due to incremental space granted by the City of Paris. Marne la Vallee was ranked as the best alternative.

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    Monte Carlo, Principality of Monaco – Management assistance of a luxury hotel

    Monte Carlo, Principality of Monaco – Management assistance of a luxury hotel

    Office: Horwath HTL France

    Scope of Work: Despite impressive decoration and highly qualitative food and beverage offer, the Metropole Palace hotel experienced disappointing occupancy with regards to outstanding ADR performances. The owner has appointed Horwath HTL to identify opportunities to generate additional volume through an optimized organization and more aggressive sales and marketing.

    Description of Project: Operational audit, production of a sales & marketing plan and management overview over a six month period.

    Project Status: Hotel Metropole is one of the most exclusive properties in Monaco

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  • Paris and Nice, France – Interim Management of three upscale hotels

    Paris and Nice, France – Interim Management of three upscale hotels

    Office: Horwath HTL France

    Scope of Work: The Royal Monceau Hotel group was affected by a dispute between its co-owners. Horwath HTL has been appointed to manage temporarily three hotels of the group located in Paris and Côte d’Azur.

    Description of Project: Implementation of a full management team (General Manager, Financial Director, Sales and Marketing Director) in conjunction with a third party consulting firm specialized in crisis management

    Project Status: Group’s most representative hotels now trades as Raffles Royal Monceau Paris

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    Island of St-Martin, French West Indies – Tourism Development Plan of St Martin Island, French Caribbean

    Island of St-Martin, French West Indies – Tourism Development Plan of St Martin Island, French Caribbean

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: St. Martin Island is located in the Caribbean Sea and is split into two parts, namely, the French and the Dutch side. Cruising (3 million arrivals) boating and yachting (yachts over 40 meters) are the main activities. Horwath HTL analyzed the current tourism evolution, the resulting action plan and defined a global development strategy for the area. St. Martin is facing a new context related to his new status.

    Description of Project: Formalization of a framework for this development, and prioritization of actions.

    Project Status: Assignment completed in 2010 – Under application

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  • Paris, Ile de France Region – Tourism Master Plan 2020
    Tourism & Leisure

    Paris, Ile de France Region – Tourism Master Plan 2020

    Office: Horwath HTL France

    Category: Tourism development strategy

    Scope of Work: The Regional Tourism Committee of Ile de France region (Greater Paris) has appointed Horwath HTL to complete a Tourism Master Plan for the period 2010/2020. The first part of the assignment focused on a diagnosis of the current profile and trends of tourism for greater Paris. Horwath HTL then assisted the Committee in building its long-term strategy and corresponding action plan.

    Description of Project: Horwath HTL organised launched dedicated website, presentation participative events and focus groups. One of the key conclusions is to expand lodging capacity by 2% per annum to match increasing demand.

    Project Status: Assignment completed in 2010 / 2011 – Under application

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    Paris, France –  Impact study of a heavy refurbishment woks programme for a Palace hotel
    Asset Management

    Paris, France – Impact study of a heavy refurbishment woks programme for a Palace hotel

    Office: Horwath HTL France

    Scope of Work: The Ritz Paris, located on Place Vendôme, is among the most desirable hotels in the world. Facing an increasingly competitive context, the Ritz Paris has decided to complete a heavy renovation programme. Horwath HTL has been asked to complete an impact study considering three options and to justify the most relevant investment strategy.

    Description of Project: Palace hotel hotel with 107 rooms and 56 suites, 1 fine dining restaurant, 4 bars, meeting rooms, a 1700 m² spa, a Culinary School, shopping gallery and display windows.

    Project Status: Closed for renovation (reopening 2014)

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  • Marrakesh, Morocco – Research of an alternative operating model for a holiday club
    Asset Management

    Marrakesh, Morocco – Research of an alternative operating model for a holiday club

    Office: Horwath HTL France

    Scope of Work: Club Med operates three villages of various size and standing, in Marrakesh (Morocco) of which La Medina located right on Jemaa El Fna Place. The dated property design and the small land plot are sources of operating constraints. Club Med appointed Horwath HTL to estimate the potential of the existing village and re-design its product offer and corresponding operating model.

    Description of Project:
    200 keys today, three alternatives proposed

    Project Status:
    Ongoing discussions between owner and operator

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    Kolkata, India  Valuation of a First Class Hotel
    Valuation

    Kolkata, India Valuation of a First Class Hotel

    Office: Horwath HTL India

    Scope of Work: Valuation of an existing First Class Hotel

    Description of Project: Providing business valuation of an existing first class hotel.

    Project Status: N/A

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  • Different Locations, India Valuation of a First Class Resort Chain
    Valuation

    Different Locations, India Valuation of a First Class Resort Chain

    Office: Horwath HTL India

    Scope of Work: Valuation of a first class resort chain

    Description of Project: Carrying out valuation of about eight resorts spread across different cities in southern India on behalf of an investment fund.

    Project Status: N/A

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    Chennai, India  Hyatt Regency
    Strategic Advice

    Chennai, India Hyatt Regency

    Office: Horwath HTL India

    Scope of Work: Financial Projections and Valuation

    Description of Project: Providing financial estimates and carrying out valuation in relation to the transaction.

    Project Status: Hotel is operational

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  • New Delhi, India  DIAL Hospitality District
    Tourism & Leisure

    New Delhi, India DIAL Hospitality District

    Office: Horwath HTL India

    Scope of Work: Concept Planning and Site Allocation

    Description of Project: Advising client on the allocation of 56 acres into several sub-plots for bidding purposes, with use and area allocation planning for each site; 13 main sites and 4 sub-sites were created as a result of our advice – these sites have been successfully bid and are being developed into hotels with over 5,000 hotel rooms, convention centre etc.

    Project Status: N/A

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    Bhutan Hotel Capacity Expansion
    Tourism & Leisure

    Bhutan Hotel Capacity Expansion

    Office: Horwath HTL India

    Scope of Work: Advising on expansion of hotel capacity in Bhutan and attracting investment for potential hotel projects

    Description of Project: Providing advice on the kind of hotel development suited for Bhutan, identification of land parcels where hotels can be developed and attracting investments for development of hotels. About 64 sites were surveyed across Bhutan and 16 were short listed for hotel development.

    Project Status: NA

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  • Mumbai, India  Trident, BKC
    Planning & Development

    Mumbai, India Trident, BKC

    Office: Horwath HTL India

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Analysed Mumbai hotel market and prepared the financial feasibility study for Trident Hotel at BKC. This involved performance estimates, cash flow projections and ROI forecast.

    Project Status: Hotel is operational

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    Bengaluru, India  Sheraton at Brigade Gateway
    Planning & Development

    Bengaluru, India Sheraton at Brigade Gateway

    Office: Horwath HTL India

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Sheraton at Brigade Gateway a 230 room hotel is a part of large mixed use development with about 1 mn sft of office space. We were involved in conducting the market and financial feasibility study for the hotel project.

    Project Status: Hotel is operational

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  • Villach, Austria  Familienresidenz ****
    Asset Management

    Villach, Austria Familienresidenz ****

    Office: Horwath HTL Switzerland

    Scope of Work: Operational Review, advice and support focusing on GOP improvement

    Description of Project: Family resort consisting of 100 rooms & suites, 3 F&B outlets, spa, pool, conference facilities

    Project Status: Assignment completed. http://www.familienresidenz.at

     

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    New Delhi, India  Eaton Smart
    Asset Management

    New Delhi, India Eaton Smart

    Office: Horwath HTL India

    Scope of Work: Asset Management Services

    Description of Project: Review of budgets, review of monthly revenues and expenses and assessment and review of marketing efforts.

    Project Status: Hotel is operational

     

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  • Ft. Lauderdale, Florida  Restaurant Time Out
    Valuation

    Ft. Lauderdale, Florida Restaurant Time Out

    Office: Horwath HTL Switzerland

    Scope of Work: Investment & Divestment (asset deal)

    Description of Project: 80 seats Diner downtown Ft. Lauderdale

    Project Status: Building was later demolished

     

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    Lenzerheide, Switzerland  Hotel Guarda Val
    Valuation

    Lenzerheide, Switzerland Hotel Guarda Val

    Office: Horwath HTL Switzerland

    Scope of Work: Investment & Divestment (share deal)

    Description of Project: Boutique mountain resort consisting of 34 rooms & suites, specialty & gourmet restaurant, bar, conference facilities, spa

    Project Status: Operated by new owner

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  • Zürich, Switzerland  Kongresshaus
    Planning & Development

    Zürich, Switzerland Kongresshaus

    Office: Horwath HTL Switzerland

    Scope of Work: Financial Feasibility Study

    Description of Project: New Congress Centre planned by the City of Zürich

    Project Status: The project was stopped by political referendum

     

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    Bodensdorf, Austria  4* Dorfhotel Gerlitzen Alpe

    Bodensdorf, Austria 4* Dorfhotel Gerlitzen Alpe

    Office: Horwath HTL Switzerland

    Scope of Work: Review of Lease contract and operational review, advice and support for improvement

    Description of Project: Ski-in mountain resort consisting of 60 hotel rooms, 54 apartments, 3 F&B outlets, spa

    Project Status: Re-branded to Mountain Resort Feuerberg

    http://www.hotel-feuerberg.at

     

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  • Haren, Germany Golf- & Ferienhauspark Gut Düneburg

    Haren, Germany Golf- & Ferienhauspark Gut Düneburg

    Office: Horwath HTL Switzerland

    Scope of Work: Recovery (Turn around management), conceptualisation of extension, mediation between multiple owners in disagreement

    Description of Project: Golf resort consisting of 60 vacation homes surrounded by 9 hole golf course & training facilities,  historic estate with 12 hotel rooms & Restaurant

    Project Status: Opening of additional 9 holes, addition of 25 vacation homes, spa, F&B outlets, 18 hotel rooms.

    http://eve-resort.de/das-resort

    http://www.gut-dueneburg.de

     

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    Marriott Hotel, Minsk Belarus
    Asset Management

    Marriott Hotel, Minsk Belarus

    Office: Horwath HTL Switzerland

    Scope of Work: Operator Search and Selection, Franchise and Management Contract Negotiation

    Description of Project: Multi-use project combining multi-sports facilities, cinemas and luxury hotel with 220  rooms,  5 F&B outlets, conference facilities, spa

    Project Status: Under Construction

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  • Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Tourism & Leisure

    Ninh Thuan Province, Vietnam

    Project Overview: Horwath HTL was engaged by the Binh Thuan Tourist and Investment Joint Stock Company to form a consulting team, including WATG, to formulate the development master plan for a prime 600-acre beachfront site. The resulting plan included four hotels, an 18-hole golf course, beach club, marina village and residential lots.

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    Planning and Development SS
    Planning & Development

    Atlanta, Georgia – Foxhall Resort and Sporting Club

    Office: Horwath HTL, Atlanta-Dunwoody

    Project Status: Under construction.

    Anticipated opening date: 2016

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  • European Valuation

    European Valuation

    Project: European Hotel Market

    Description: Provide a valuation of the former Le Roayl Meridien and the Le Meridien Bangkok for the owner of the properties for part dale of the assets to InterContinental Hotels Group. Provide a valuation of the former Le Royal Meridien and the Le Meridien Bangkok for the owner of the properties for part dale of the assets to InterContinental Hotels Group

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    Valuations SS
    Valuation

    Valuation of Resort Hotel Portfolio – Rijeka and Dubrovnik, Croatia

    Office: Horwath HTL UK

    Project Status: Assignment completed successfully.

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