feasibility studies and pre-feasibility studies

Every great project starts with a great idea and is followed by thorough planning. Feasibility studies evaluate projects based on their future potential and provide the owners with a pre-development decision making tool. Feasibility Studies take into consideration all external and internal factors that are relevant for the planning of a successful hotel project. They propose the best type of development for the project-site and forecast the financial results.

For all parties concerned, a credible financial and economic feasibility study is a fundament for every development in the hospitality sector. These studies are essential for any business or investor who is planning to initiate a hospitality project because they indicate potential risks and suggest improvements that help to achieve maximum return on investment.

challenges:

The specific rules and regulations, concepts and financial particularities in tourism make it very difficult for non-hospitality consultants to create accurate feasibility studies. Delays are also expected to arise when non-specialists undertake such projects.

our solution:

Our management consultancy arm has over 30 years’ experience in delivering projects in the hotel and hospitality sector. With the experience of client-side experience within our skills base, we are able to guide clients through the entire feasibility process.

We know that the outcome of a project often depends on solid groundwork that is created without delays. First, we listen to our clients and then evaluate their projects in great detail in order to make the best decision. A professional feasibility study must be pragmatic in its financial analysis and creative in finding concepts and services that in essence create the competitive edge for the end-product. We are able to combine these factors in order to provide you with the best decision-making tool going forward in your endeavour. There are three main versions of this product we offer:

• pre-feasibility | profit & loss statement, short market review & asset valuation

• full feasibility study

• second opinion study | review and critical analysis of an existing feasibility study

The main project types are:

• new hotel & resort development

• conversions of existing hotels and other real estate

• partly completed hotel & real estate

• re-financing of hotels & resorts as well as other asset classes