Business Hotel – Geneva, Switzerland
Overview: Horwath HTL’s services rendered was to prepare a Best Use and Financial Feasibility Study for a Business Hotel development project in Geneva’s Organizations’ District. The client seeks complementing facilities to the existing property as well as optimized financial returns on the investment within a narrow set of parameters. Further, the client required assistance with the Interface List defining responsibilities of the owner vs. operator.
Horwath HTL Switzerland prepared a full Market Analysis and Hotel Feasibility Study which included several scenarios in order to provide the best possible basis for decision-making. One of the proposed facility programmes was recently approved. Following the hotel operator selection, we reviewed and commented on the Interface List and helped to calculate CapEx reserves.
The sponsor and hotel operator are in the final stages of contract negotiations. Please check back about news on this project again, later.
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