Four Winds Resort Hotel Project – Phyä Ski Resort, Finland
Vinci Construction, in a joint venture with a local partner, pursues a hotel project situated at Pyhä Ski Resort in Finish Lapland. They required a financial feasibility study and project valuation of the planned resort hotel, and assistance with the subsequent identification of a suitable operator.
Horwath HTL, in cooperation with the Crowe office in Helsinki, was instructed to undertake a Feasibility Study. We have performed an in-depth review of the location and market conditions in Lapland and Phyä in particular, identified opportunities and risks involved with the project and developed recommendations with regard to the planned concept. Finally, the project was valued based on the findings and proposed development concept. In a next step, hotel operators were invited to submit an offer in a call for tenders.
The hotel operator search and selection is currently ongoing.