Six Senses Project Valuation

Six Senses Project Valuation – Crans Montana, Switzerland & Kitzbüheler Alps, Austria

Key Service: Hotel Valuation
Location: Crans Montana, Switzerland & Kitzbüheler Alps, Austria
Product: Portfolio Valuation

Overview: Intercontinental Hotel Group (IHG) intended to acquire resort hotel specialist Six Senses. Six Senses has a well-earned reputation for their focus on wellness and sustainable hotel operation with active properties in 12 countries. To make an informed decision IHG required a valuation of all hotels in operation and signed projects in the pipeline. Horwath HTL was engaged as a group to conduct this portfolio valuation on their behalf.

Solution: 17 Horwath HTL offices on 6 continents undertook a standardized valuation for all Six Senses hotels and projects. Horwath HTL Switzerland was in charge of the projects in Crans Montana, Switzerland and Kitzbüheler Alpen, Austria.

Implementation: The valuation report was delivered mid-December 2018; the transaction was effective in February 2019.

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Robert Hecker, Chairman of Horwath HTL said, “Our whole team did a really fantastic job, working diligently to assess the properties and projects involved and provide specialist advice to IHG to ensure they made a fully informed decision.  Our global network capabilities were critical to the tasks involved, ultimately involving 17 of our offices across six continents”.

James Chappell, Global Business Director at Horwath HTL, further added, “This assignment had a very tight deadline, with the team having just one month to fully analyze 33 existing and pipeline properties in 26 countries as well as 19 existing and pipeline stand alone spas.   The resulting acquisition, we believe, brings considerable new opportunities for growing the Six Senses brand as well as IHG’s overall growth strategy”.