Valuation Boutique Hotel – Lucerne, Switzerland
Overview: The owner required a fair value valuation of a Boutique Hotel overlooking Lucerne for internal purposes. The Horwath HTL was commissioned to undertake the valuation of the existing 31-key asset and the cable car from/into town.
Solution: Horwath HTL undertook a full RICS valuation of the property. Our services rendered included a full site analysis, an in depth examination of the hotel market conditions, employment of a competitive set analysis of remarkable and similar properties and offerings in Swiss cities, while considering the uniqueness of the property. Before proceeding to the evaluation, a critical analysis of the current positioning and capacity were produced and the supply and demand data as well as the pricing were projected. An operating cash flow analysis and a financial investment analysis were also provided.
Implementation: The hotel valuation was completed mid-2016.