Success Stories

  • Shanghai skyline with modern urban skyscrapers, China
    Planning & Development, Tourism & Leisure

    Disney China: Resort Development Strategy and Feasibility Study

    Scope of Work:Market and financial projection for the hotels within the upcoming Disneyland Resort Area.

    Description of Project:Forecasted the future room night and F&B demand for the theme park guests as well as outside guests.

    Project Status: Opening 2015

    Download pdf
    Read More
    Planning and Development SS
    Planning & Development

    Hangzhou, China Xixi Wetland Destination Development Strategy

    Scope of Work: Full feasibility study with market and financial ananlysis, positioning and projects for this destination.

    Description of Project:
    Recommended the number of hotels to be developed in this destination, with scale and facility recommendation as well as development strategy for each hotel.

    Project Status: Project opened with 3 branded hotel: Sheraton, Banyan Tree, and Angsana.

    Download pdf
    Read More
  • Planning and Development SS
    Planning & Development

    Sanya, China Lingshui Bay Feasibility Study and Management Contract Negotiation

    Scope of Work:

    We selected an optimal hotel Site in the Hainan International Tourism Island Pilot Zone, Lingshui Lian, and conduct the market and financial feasibility study for the proposed Resorts. We are currently assisting in a hotel management company selection and contract negotiation for the proposed Resort.

    Description of Project:

    A top-tier full-service boutique hotel with approximately 170 suites, including 18 freestanding villas, overlooking the Lian Lagoon and South China Sea.

    Project Status:

    Market and Feasibility Studies completed. Management Contract Negotiation ongoing.

    Download pdf
    Read More
    Planning and Development SS
    Planning & Development

    Lhasa, China Market and Financial Feasibility Study

    Scope of Work:
    Horwath HTL was engaged to conduct a market and financial positioning study for a potential Hotel site in the heart of Lhasa.


    Description of Project:

    As the first international luxury brand hotel in Tibet, this project was branded St. Regis. Located on Jiangsu Road and situated in Lhasa’s ancient Barkhor area, it is minutes away from the holy Potala Palace and 75km away from Gongga Airport. The Hotel opened with 150 rooms and villas and 12 suites, including the Presidential Suite.

    Project Status:
    Project completed, opened in November 2010 and is managed by Starwood under the St. Regis brand.

    Download pdf
    Read More
  • Planning and Development SS
    Planning & Development

    Park Hyatt Shanghai

    Office: Horwath HTL, China

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Analysed the Shanghai Hotel Market and prepared the financial feasibility study for the Park Hyatt Hotel at Pudong, Shanghai. This involved performance estimates, cash flow projections and ROI forecast.

    Project Status: Hotel is operational

    Read More
    Planning and Development SS
    Planning & Development

    Portman Ritz Carlton, Shanghai

    Office: Horwath HTL, China

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Conducted a financial feasibility study for the Portman Ritz Carlton in Puxi, Shanghai. This involved performance estimates, cash flow projections and ROI forecast.

    Project Status: Hotel is operational

    Read More
  • Planning and Development SS
    Planning & Development

    Hotel Nikko, Shanghai

    Office: Horwath HTL, China

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Carried out a feasibility study for the Hotel Nikko in Shanghai. This involved performance estimates, cash flow projections and ROI forecast.

    Project Status: Hotel is operational

    Read More
    Planning and Development SS
    Planning & Development

    Hyatt on the Bund, Shanghai

    Office: Horwath HTL, China

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Analysed the Shanghai Hotel Market and prepared the financial feasibility study for the Hyatt on the Bund, Shanghai. This involved performance estimates, cash flow projections and ROI forecast.

    Project Status: Hotel is operational

    Read More
  • Planning and Development SS
    Planning & Development

    The St. Regis Beijing

    Office: Horwath HTL, China

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Market and financial feasibility study for the St. Regis in Beijing. The study includes performance estimates, cash flow projections and ROI calculation.

    Project Status: Hotel is operational

    Read More
    Planning and Development SS
    Planning & Development

    JW Marriott Beijing Central Place

    Office: JW Marriott Beijing Central Place

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Analysed the Beijing hotel market and prepared the financial feasibility study for the JW Marriott Beijing for Huamao Group. This involved performance estimates, cash flow projections and ROI calculation.

    Project Status: Hotel is operational

    Read More
  • Planning and Development SS
    Planning & Development

    Constance Halaveli Resort, Maldives

    Scope of work: Market and Financial Feasibility study

    Description: Analyzed the Maldives resort market and prepared the financial feasibility study for the Constance Halaveli Resort. this involved performance estimates, cash flow projections, ROI calculations and estimating report value.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Holiday Inn Malé, Maldives

    Scope of work: Market and Financial Feasibility study

    Description of project: Analyzed the Malé hotel market and prepared the financial feasibility study + revised projections during development for the Holiday Inn Malé. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Proposed Six Senses Latitude Laamu, Maldives

    Scope of work: Market and Financial Feasibility Study

    Description of project: Analyzed the Maldives resort market and prepared the financial feasibility study for the proposed Six Senses Latitude Laamu. This involved performance estimates, cash flow projections , ROI calculations and estimating resort value.

    Project status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Hotel Colombo, Sri Lanka

    Scope of work: Market and Financial Feasibility Study

    Description of Project: Analyzed the Colombo hotel market and prepared the financial feasibility study for AVIC. This involved performance estimates, cash flow projections and ROI forecast.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Sri Lanka Resort Ranna, Tangalle

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Conducted market analysis, facilities review and provided an opinion of value for a proposed resort in Ranna, Tangalle.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Tangalle, Sri Lanka

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Analyzed the Tangalle hotel market and prepared a financial feasibility study for a proposed resort for Hemas. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Thimpu, Punakha and Bumthang, Bhutan

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Market and financial feasibility of a luxury resort development in Bhutan with lodges located in 3 valleys – Thimphu, Punakha and Bumthang.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Hotel Investments Strategy Plan for IFC, Vietnam

    Scope of Work: Hotel Investment Strategy Plan for IFC

    Description of Project: Examined investment and development opportunities for the IFC throughout Vietnam.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Mövenpick, Saigon, Vietnam

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Analyzed the HCMC hotel market and prepared the financial feasibility study for the original Omni Saigon, later sold and rebranded Mövenpick Saigon. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Westin Cam Rahn, Vietnam

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Analyzed the NhaTrang / Cam Rahn resort market, and prepared the financial feasibility study or the proposed Westin Resort & Spa, Cam rahn. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Binh Tien Master Plan, Vietnam

    Scope of Work: Large Scale Destination Master Planning

    Description of project: Assisted WATG in the preparation of the Binh Tien Master Plan + analysed the Nha Trang resort market and prepared the financial feasibility study for 3 proposed resorts on behalf of Binh Tien Tourist & Investment JSC. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Six Senses Hideaway Con Dao, Vietnam

    Scope of Work: Performance Projections

    Description of Project: Provided market outlook and performance/cash flow projections for the resort.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Hyatt Regency Danang, Vietnam

    Scope of Work: Market and Financial Feasibility Study

    Description of Project: Analyzed the Danang/Hoi An resort market and prepared the financial feasibility study for the Hyatt Regency Danang on behalf of Indochina Land. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    InterContinental Asiana Saigon, Vietnam

    Scope of Work: Hotel Management Company Search & Negotiation

    Description of Project: Carried out the market & financial feasibility study for the InterContinental Asiana Saigon + represented Asiana in the selection of a suitable operator for the property by preparing the tender, analyzing the results and providing advice on commercial terms.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    The Nam Hai, Vietnam

    Scope of Work: Market & Financial Feasibility Study

    Description of Project: Analyzed the Danang / Hoi An resort market and prepared the financial feasibility study for the Nam Hai on behalf of Indochina Land. This involved performance estimates, cash flow projections and ROI calculations

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Hilton Opera Hanoi, Vietnam

    Scope of Work: Performance Projections

    Description of Project: Prepared the original financial feasibility study + provided market outlook and projections for the hotel as part of their budgeting process.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Pan Pacific Manila, Philippines

    Scope of Work: Market and financial feasibility study

    Description of project: Analyzed the Manila hotel market and prepared the financial feasibility study for the Pan Pacific Manila. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    El Nido Resort, Palawan, Philippines

    Scope of Work: Master Planning

    Description of Project: Comparative market research and conceptual planning for a proposed luxury resort to be located in the El Nido area of Palawan for 10 Knots Development now El Nido Resorts.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Fort Bonafacio Manila, Philippines

    Scope of Work: Strategic Planning

    Description of Project: Hotel and serviced apartment planning study for Makati, Bonifacio, Quezon City and Alabang for Ayala Hotels.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Proposed Fairmont Makati, Manila, Philippines

    Scope of Work: Market and financial feasibility study

    Description of project: Analyzed the Manila hotel market and prepared the original financial feasibility study for the proposed Fairmont Makati on behalf of Kingdom Holdings. This involved performance estimates, cash flow projections and ROI calculations.

    project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Summit Rigde Hotel Tagaytay, Philippines

    Scope of Work: Market and financial feasibility study

    Description of Work: Analyzed the Tagaytay hotel market and prepared the original financial feasibility study for the Summit Ridge Hotel Tagaytay for Robinson Land. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Park Hyatt Tokyo

    Scope of Work: Market study and financial projection

    Description of Work: Carried out a hotel market study and financial forecast for the Park Hyatt in Tokyo. This involves estimation of key performance indices and cash flow projction.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Mekong River, Cambodia

    Scope of Work: Mekong tourism planning study

    Description of Work: Conducted a Mekong River Tourism Planning Study for ESCAP (United Nation’s Economic and Social Commission for the Asia Pacific Region) with focus on Phnom Penh-Siem Reap and Phnom Penh.Ho Chi Minh City river segments as well as Laos PDR and the Mekong Delta.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Mekong River, Myanmar

    Scope of Work: Tourism planning and development masterplan study

    Description of Project: Recommended areas for development, types of tourism products, proposed circuits, access improvements and other critical success factors for the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and Asian Development Bank (ADB).

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Governor’s Residence, Myanmar

    Scope of Work: Market and financial feasibility study

    Description of Project: Analyzed the Myanmar market and prepared the financial feasibility study for The Governor’s Residence for Orient Express in Yangon. This involved performance estimates, cash flow projections, ROI calculations and estimating resort value.

    Project Status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    Le Meridien Nirwana Golf & Spa Resort Bali, Indonesia

    Scope of Work: Market and financial feasibility study

    Description of project: Analyzed the Bali hotel market and prepared the original financial feasibility study for the Bakrie Nirwana Resort, now known as Le Meridien Nirwana Golf & Spa Resort Bali. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
  • Planning and Development SS
    Planning & Development

    Oberoi Lombok, Indonesia

    Scope of Work: Market and financial feasibility study

    Description of project: Analyzed the Lombok hotel market and prepared the financial feasibility study for the Oberoi Lombok. This involved performance estimates, cash flow projections and ROI calculations.

    Project status: Completed

    Read More
    Planning and Development SS
    Planning & Development

    InterContinental Jakarta, Indonesia

    Scope of Work: Market and financial feasibility study

    Description of Project: Analyzed the Jakarta hotel market and prepared the financial feasibility study for the InterContinental Jakarta. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
  • ritz-carlton-beijing-8-tkhunt
    Planning & Development

    The Ritz Carlton Beijing Central Place

    Scope of Work: Market and Financial Feasibility Study

    Solution: Analysed the Beijing hotel market and prepared the financial feasibility study for the JW Marriott Beijing for Huamao Group. This involved performance estimates, cash flow projections and ROI calculation.

    Project Status: Hotel is operational

    Read More
    Valuations SS
    Valuation

    Hong Kong, China Industry Consultant, IPO of New Century Hotel Properties

    Scope of Work:

    Provide historical performance of markets where listed hotels are located: Ningbo, Hangzhou, Qiandao Lake and Changchun. Projection of future market performance in terms of ADR and OCC.


    Description of Project:

    IPO of 5 properties belonging to New Century Hotel as a REIT on the Hong Kong Stock Exchange

    Project Status:
    Ongoing

    Download pdf
    Read More
  • Valuations SS
    Valuation

    Colombo, Sri Lanka

    Scope of Work: Investment Due Diligence

    Description of Project: Provided market outlook and projections for a proposed Hyatt Regency Colombo as part of lender due diligence for OPIC (US Government Investment fund). This involved performance estimates, cash flow projections and risk assessment.

    Project Status: Completed

    Read More
    Valuations SS
    Valuation

    ANA Harbour Grand Hotel Sydney

    Scope of Work: Vendor Due Diligence

    Description of Project:

    Vendor due dililgence Transaction management services to closure and beyond Responsible for entire sale process- locating potential buyers, coordinating sales activities, preparation of information Memorandum Strategic advice to Vendor Review of physical product and coordination of consulting engineers, etc

    Project status: Completed

    Read More
  • Valuations SS
    Valuation

    InterContinental Resorts Tahiti, Moorea & Bora Bora

    Scope of Work: Vendor Due Diligence

    Description of Project:

    Facilitating a US$280M capital raising Strategic advice to Vendor Vendor due diligence Review of physical product and coordinating of consulting engineers, etc.

    Project status: Completed

    Read More
    Valuations SS
    Valuation

    Park Hyatt Sydney

    Scope of Work: Vendor Due Diligence

    Description of Project:

    Vendor due diligence Transaction management services to closure and beyond Strategic advice to Vendor Review of physical product and coordination of consulting engineers, etc.

    Project Status: Completed

    Read More
  • Valuations SS
    Valuation

    Hotel Nikko Hanoi, Vietnam

    Scope of Work: Operations Advisory

    Description of project: Identified areas operating well and those requiring improvement through the examination of the hotels facilities, historical performance, market mix, F&B, organization structure, sales & marketing and departmental procedures on behalf of Nikko Hotels.

    Project Status: Completed

    Read More
    Valuations SS
    Valuation

    Sofitel Metropole Hanoi, Vietnam

    Scope of Work: Operations Advisory

    Description of Project: Identified areas operating well and those requiring improvement through the examination of the hotels facilities, historical performance, market mix, F&B, organization structure, sales & marketing and departmental procedures.

    Project status: Completed

    Read More
  • Valuations SS
    Valuation

    Atsugi Royal Park Hotel, Kanagawa, Japan

    Scope of Work: Market study and valuation

    Description of Project: Provided and opinion of value of the Atsugi Royal Park Hotel in Kanagawa based on future cash flow forecast. This involves estimation of key performance indices and cash flow projection.

    Project Status: Completed

    Read More
    Valuations SS
    Valuation

    La Residence D’Angkor, Siem Reap, Cambodia

    Scope of Work: Valuation

    Descriptin on Project: Provided an opinion of value based on projected cash flows. This was in turn included as a component of a business plan drafted for CDC, a minority shareholder. at that stage the property traded as as Pansea Hotel.

    Project Status: Completed

    Read More
  • Valuations SS
    Valuation

    Le Meridien Jakarta, Indonesia

    Scope of Work: Valuation

    Description of Project: Provided an opinion of value using projected cash flows for Le Meridien Jakarta.

    Project Status: Completed

    Read More
    Holiday resort on the Palm Island in Dubai with a view of Jumeirah
    Planning & Development, Tourism & Leisure

    Changbaishan, China Ski Resort Destination Master Planning and Feasibility Study

    Scope of Work: The Shanghai office prepared written market research report and detailed SWOT analysis for the Client, including artist renditions of sustainable construction standards, development zoning scheme, recommended transportation infrastructure, and phasing strategy. In addition, comparable destination case studies both inside China and internationally were identified for their best development practices.

    Description of Project: Develop an executable 10-year tourism development plan for a 3,000km2 area including the Changbai Mountain UNESCO Biosphere Reserve in China’s Jilin province including the development of diverse outdoor and indoor recreational activities, multiple resort hotels, and the effective integration of future transportation infrastructure with access to tourist attractions. Identify land parcels available for adaptive reuse that could be used to attract investors to develop resorts and other tourism facilities.

    Project Status: Resort officially opened in 2012.

    Download pdf
    Read More
  • HAMSS
    Asset Management

    Shangri-La Hotel Sydney

    Scope of Work: Operator Selection

    Description of Project:

    • Advice on current commercial terms of Hotel Management Agreements in Australia
    • Assistance to Shangri-La in preparing their successful submission for operator selection

    Project status: Completed

    Read More
    HAMSS
    Asset Management

    Principal Hotel Group, Australia

    Scope of work: Purchaser Due Diligence

    Description of Project:

    • Review of and advice in respect to Completion Balance Sheet and Completion Calculation.
    • Purchaser and Financial Due diligence
    • Strategic advice to the potential purchaser.

    project Status: Completed

    Read More
  • HAMSS
    Asset Management

    JW Marriott West Hanoi, Vietnam

    Scope of Work: Hotel Management Company Search and Negotiation

    Description of Project: Represented Bitexcoland in the selection of a suitable operator for the property by preparing the tender, analyzing the results and providing advice on the commercial terms.

    Project Status: Completed

    Read More
    HAMSS
    Asset Management

    Hilton Narita, Chiba Japan

    Scope of Work: Market study and valuation

    Description of Work: Conducted a hotel market study as well as financial projection for the Hilton Narita in Chiba Japan. This involves estimation of key performance indices and cash flow projection.

    Project Status: Completed

    Read More
  • HAMSS
    Asset Management

    Luneng Hotels & Resorts – China

    Office: Horwath HTL Beijing, China

    Project Status: Under proposal discussion

    Read More
    Beijing-Independent-Mongolia-Inner-Mongolia-China-iStock_8752857_MEDIUM.jpg
    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.

    Read More
  • Doha-Skyline-Qatar-iStock_32933682_MEDIUM.jpg
    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.

    Read More
    New York City Skyline - Midtown and Empire State Building
    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.

    Read More
  • Bangkok-Urban-Skyline-Thailand-UK-Famous-Place-iStock_63751989_MEDIUM.jpg
    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.

    Read More
    sri-lanka-China-East-Asia-iStock_61987932_MEDIUM.jpg
    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).

    Read More
  • sri-lanka-China-East-Asia-iStock_61987932_MEDIUM.jpg
    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).

    Read More
    Sentosa-Island-Beach-Singapore-iStock_72640821_MEDIUM.jpg
    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.

    Read More
  • Serbia-iStock_55120924_MEDIUM.jpg
    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

    Read More
    Venice-Italy-Italy-Gondola-iStock_21352350_MEDIUM.jpg
    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

    Read More
  • Zagreb-Croatia-iStock_47413368_MEDIUM.jpg
    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

    Read More
    Ko-Lanta-Thailand-iStock_59095092_MEDIUM.jpg
    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

    Read More
  • Park-Guell-in-Barcelona-Spain-iStock_56896922_MEDIUM.jpg
    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

    Read More
    Rajas-Seat-View-of-Coorg-iStock_68508587_MEDIUM.jpg
    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

    Read More
  • Rainforest-Costa-Rica-iStock_69926051_MEDIUM.jpg
    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

    Read More
    Indonesia-Mt-Bromo-iStock_77413429_MEDIUM.jpg
    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.

    Read More
  • Hongkong-iStock_52886094_MEDIUM.jpg
    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).

    Read More
    Seoul-South-Korea-Skyline-iStock_50381588_MEDIUM.jpg
    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).

    Read More
  • Wat-Arun-Bangkok-Thailand-iStock_42722006_MEDIUM.jpg
    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.

    Read More
    Maldives-iStock_77678035_MEDIUM.jpg
    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.

    Read More
  • Bali-Water-Temple-Tanah-Lot-iStock_83444835_MEDIUM.jpg
    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.

    Read More
    Bali-Water-Temple-Tanah-Lot-iStock_83444835_MEDIUM.jpg
    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.

    Read More
  • Singapore-Marina-Bay-iStock_57795098_MEDIUM.jpg
    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.

    Read More
    Singapore-Sentosa-Island-iStock_66067487_MEDIUM.jpg
    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.

    Read More
  • Singapore-City-iStock_19372850_MEDIUM.jpg
    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.

    Read More
    spa-iStock_5789658_MEDIUM.jpg
    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.

    Read More
  • Singapore-Sentosa-Island-iStock_66067487_MEDIUM-1.jpg
    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.

    Read More
    Malaysia-Kuala-Lumpur-Mosque-Putrajaya-iStock_13439786_MEDIUM.jpg
    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.

    Read More
  • Island-Malaysia-iStock_47498648_MEDIUM.jpg
    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.

    Read More
    Songdo-Central-Park-in-Songdo-iStock_72375021_MEDIUM.jpg
    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.

    Read More
  • Bali-Uluwatu-Temple-iStock_52751582_MEDIUM.jpg
    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.

    Read More
    Tanah-Lot-bali-iStock_88218705_MEDIUM.jpg
    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.

    Read More
  • Vietnam-Mekong-River-iStock_15088208_MEDIUM.jpg
    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.

    Read More
    Hainan-Island-Sanya-China-East-Asia-iStock_27608471_MEDIUM.jpg
    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.

    Read More
  • Yunnan-Province-Nature-Road-iStock_16262406_MEDIUM.jpg
    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.

    Read More
    Lake-Tianchi-at-Changbaishan-national-park-iStock_88994879_MEDIUM.jpg
    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.

    Read More
  • Hong-Kong-China-City-Skyline-iStock_60372168_MEDIUM.jpg
    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.

    Read More
    Cambodia-Koh-Kong-Province-iStock_37391274_MEDIUM.jpg
    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.

    Read More
  • Jiufen-Taiwan-iStock_29163856_MEDIUM.jpg
    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

    Read More
    Beijing-Forbidden-City-China-iStock_44461024_MEDIUM-1.jpg
    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

    Read More
  • Beijing-China-East-Asia-iStock_17131366_MEDIUM.jpg
    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

    Read More
    China-East-Asia-iStock_3732362_MEDIUM.jpg
    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

    Read More
  • Beijing-Independent-Mongolia-Inner-Mongolia-China-iStock_8752857_MEDIUM.jpg
    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

    Read More
    Shanghai-iStock_64329775_MEDIUM.jpg
    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.

    Read More
  • Guan-Yin-of-the-South-Sea-Sanya-Hainan-China-iStock_17984009_MEDIUM.jpg
    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

    Read More
    Shenzhen-China-East-Asia-iStock_58996684_MEDIUM.jpg
    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

    Read More
  • Chinashenzhen-Cityscape-iStock_78340113_MEDIUM.jpg
    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

    Read More
    China-East-Asia-iStock_3732362_MEDIUM.jpg
    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

    Read More
  • Shanghai-iStock_56370958_MEDIUM-1.jpg
    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

    Read More
    Night-on-Beijing-Central-Business-district-buildings-skyline-China-cityscape-iStock_46006260_MEDIUM.jpg
    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

    Read More
  • Shanghai-iStock_56370958_MEDIUM.jpg
    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

    Read More
    China-East-Asia-iStock_3732362_MEDIUM.jpg
    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

    Read More
  • Cityscape-China-East-Asia-Sichuan-Province-Large-Leshan-iStock_55439702_MEDIUM.jpg
    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

    Read More
    Qingdao-Qingdao-Beach-Shandong-Province-China-East-Asia-Bank-iStock_77151721_MEDIUM.jpg
    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

    Read More
  • spa-iStock_8670452_MEDIUM.jpg
    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

    Read More
    Beijing-Forbidden-City-China-iStock_60027050_MEDIUM.jpg
    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

    Read More
  • The Palace Museum in the Forbidden City during a sunset, 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

    Read More
    Tent in the desert with blue sky
    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

    Read More
  • Wuhan-China-iStock_23512204_MEDIUM.jpg
    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

    Read More
    Wuhan-China-iStock_23512204_MEDIUM.jpg
    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

    Read More
  • Night-on-Beijing-Central-Business-district-buildings-skyline-China-cityscape-iStock_46006260_MEDIUM-1.jpg
    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

    Read More
    Beijing-Forbidden-City-China-iStock_44461024_MEDIUM-1.jpg
    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

    Read More
  • Hainan-Island-Sanya-Buddha-iStock_87787177_MEDIUM-1.jpg
    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

    Read More
    Guangdong-Province-Guangzhou-iStock_25365759_MEDIUM.jpg
    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

    Read More
  • Guangzhou-China-East-Asia-Development-Business-Skyscraper-iStock_78788385_MEDIUM.jpg
    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

    Read More
    Beijing-Independent-Mongolia-Inner-Mongolia-China-iStock_8752857_MEDIUM-2.jpg
    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

    Read More
  • Night-on-Beijing-Central-Business-district-buildings-skyline-China-cityscape-iStock_46006260_MEDIUM-2.jpg
    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

    Read More
    Beijing-Forbidden-City-China-iStock_60027050_MEDIUM-1.jpg
    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

    Read More
  • Beijing-Forbidden-City-China-iStock_44461024_MEDIUM-1.jpg
    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

    Read More
    Shanghai-iStock_50788896_MEDIUM.jpg
    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

    Read More
  • business-hotel-conference-room-iStock_000004743094_Large-2.jpg
    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

    Read More
    Guangdong-Province-Guangzhou-iStock_25365759_MEDIUM-1.jpg
    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

    Read More
  • business-hotel-conference-room-iStock_000004743094_Large-2.jpg
    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

    Read More
    China-East-Asia-iStock_3732362_MEDIUM-1.jpg
    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

    Read More
  • Beijing-China-East-Asia-iStock_17131366_MEDIUM-2.jpg
    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

    Read More
    Shanghai-Urban-Skyline-Futuristic-City-The-Bund-iStock_18308080_MEDIUM.jpg
    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.

    Read More
  • Bali-Water-Temple-Tanah-Lot-iStock_83444835_MEDIUM-1.jpg
    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.

    Read More
    Indonesia-Mt-Bromo-iStock_77413429_MEDIUM-1.jpg
    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.

    Read More
  • Seoul-South-Korea-Skyline-iStock_50381588_MEDIUM-1.jpg
    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.

    Read More
    Statue-of-Hanuman-Kuala-Lumpur-Malaysia-iStock_42136718_MEDIUM.jpg
    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.

    Read More
  • Singapore-iStock_56327402_MEDIUM.jpg
    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.

    Read More
    Bad-Kissingen-iStock_93237377_MEDIUM.jpg
    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.

    Read More
  • Pura-Ulun-Danu-Bratan-at-Bali-Indonesia-iStock_65056085_MEDIUM.jpg
    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.

    Read More
    spa-iStock_5789658_MEDIUM-1.jpg
    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.

    Read More
  • wellness-iStock_6631415_MEDIUM.jpg
    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.

    Read More
    spa-iStock_3143122_MEDIUM-1.jpg
    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.

    Read More
  • Mumbai-India-iStock_14156547_MEDIUM.jpg
    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.

    Read More
    Planning and Development SS
    Planning & Development

    Le Meridien Angkor, Siem Reap, Cambodia

    Scope of Work: Market and financial feasibility study

    Description of Project: Analyzed the Siem Reap hotel market and prepared the original financial feasibility study for the Le Meridien Angkor. This involved performance estimates, cash flow projections and ROI calculations.

    Project Status: Completed

    Read More
  • HAMSS
    Asset Management

    The Westin Sydney

    Scope of Work: Operator Selection

    Description of Project:

    • Strategic advice to the developer.
    • Identification of potential suitable hotel operators.
    • Preparation and distribution of request for submissions to operator candidates.
    • Evaluation of submissions and selection of operator.
    • Negotiation of management terms and settlement of the Hotel Management Agreement.

    Project Status: Completed

    Read More
    Victoria-Memorial-Kolkata-India-iStock_34886140_MEDIUM.jpg
    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

    Download pdf
    Read More
  • Chennai-India-iStock_6032485_MEDIUM.jpg
    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

    Download pdf
    Read More
    Chennai-India-iStock_6032485_MEDIUM.jpg
    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

    Read More
  • Main-Bazar-Paharganj-New-Delhi-India-iStock_83091693_MEDIUM.jpg
    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

    Download pdf
    Read More
    Bhutan-Taktsang-Monastery-Paro-Tibet-Horizontal-iStock_40725612_MEDIUM.jpg
    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

    Download pdf
    Read More
  • Mumbai-Urban-Skyline-India-iStock_54484616_MEDIUM.jpg
    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

    Download pdf
    Read More
    Haridwar-Rishikesh-India-Temple-iStock_59931612_MEDIUM.jpg
    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

    Download pdf
    Read More
  • Vietnam-beach-Ninh-Thuan-travel-Vinh-Hy-iStock_89368585_MEDIUM.jpg
    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.

    Read More
View All Projects