TM
Hotel, Tourism and Leisure
Global leader in
hospitality consulting
ITALY - Market &
Financial Feasibility
TM
Hotel, Tourism and Leisure
Welcome to Horwath HTL,
the world’s number one
hospitality consulting network.
We are the industry choice;
a global network offering
complete solutions across
all markets.
Since 1988 Horwath HTL
has gained extensive
market knowledge through
involvement in thousands
of projects globally. We use
this experience to bring the
maximum value to any
assignment.
Horwath HTL has become
synonymous with quality,
service, impartial advice and
expertise. We are known for
always providing the highest
level of service to our clients.
Whatever your requirements,
large or small, national or
global, Horwath HTL can
help you succeed.
OUR EXPERTISE
• Hotels & Restaurants
• Spas & Golf Courses
• Conference & Meeting Facilities
• Mixed-use Developments
• Tourism & Resorts
• Brand Expansion
Helping you get results at
all stages of a project’s life
Market & Financial Feasibility:
• Appraisal Reports
• Destination & Large Scale
Project Master Planning
• Facilities Programming
• Highest & Best Use
• Hotel Management Company Selection
& Contract Negotiation
• Macro Tourism Analysis
• Market & Financial Feasibility Studies
• Market Entry Strategy
• Product Conceptualisation
• Strategic Planning
• Tourism Planning
MARKET AND FINANCIAL FEASIBILITY STUDY
Horwath HTL is renowned for
insightful and independent
feasibility studies.
Our regional experience, market research and
analysis capabilities underpin the planning process
for hotel, tourism and leisure related projects.
Horwath HTL feasibility studies provide impartial
assessment of project viability and are heavily relied
upon by owners, developers, investors, operators,
lenders and other interested third parties when
making their project planning, investment and/or
financing decisions.
With continued presence in Italy since 1988,
Horwath HTL has built an unrivalled level of
expertise involving over hundreds of projects.
An integral part of the feasibility process is the
identification and definition of the development
or property repositioning opportunity that comes
from a thorough understanding of market
characteristics and the competitive environment.
Project concept and facility recommendations
derived from this understanding, our project
experience and familiarity with international trends
are then applied with the aim of maximizing
a project's long-term competitive advantages,
cash flow and resulting value.
From our experience, a credible feasibility study
is a critical first step to any development project
and is usually required by the following parties:
Owners and Developers - for internal project review;
Financing Institutions and Investors - for investment
decisions; Hotel Management Companies for project evaluation; Architects & Designers for facility requirements and design parameters.
SUITABLE PROJECT TYPES
• New Build Developments
• Semi-Completed Projects
• Property Conversions
• Re-Branding, Introduction of International Brands
• Refinancing of Existing Properties
HORWATH HTL ITALY HAS BEEN INVOLVED IN HUNDREDS OF PROJECTS ACROSS ITALY
Local Office Director
ITALY
Zoran Bacic
T +39 06 68 395 091
M +39 342 893 9610
E [email protected]
A Representative Sample of Projects
Country / Region / Province
Client
Project Location
Study Type
Italy / Campania /Naples
BIIS Bank (Intesa San Paolo Group)
Naples
Due Diligence
Italy /Lazio / Rome
Immobiliare Petruccetto Srl
Grottaferrata
Feasibility Study
Italy / Sardinia
Meliorbanca
Italy / Lazio / Frosinone
Francesco d'Addario
Italy
Royal Demeure SpA
Italy / Sicily / Syracuse
Primosole Srl
Marzamemi
Feasibility Study
Italy / Campania / Salerno
SACAIM SpA
Amalfi
Due Diligence
Italy / Lombardy / Bergamo
S.P. Resort Srl
San Pellegrino Terme
Feasibility Study
Italy / Sardinia / Olbia-Tempio
Protos SpA
Santa Teresa di Gallura
Due diligence
Italy / Lazio / Rome
Manutencoop Facility Management SpA
Rome
Feasibility Study
Italy / Campania / Salerno
ICE SNEI SpA
Ravello
Feasibility Study
Italy / Lazio / Rome
Edilmonte Roma Srl
Rome
Valuation
Italy / Apulia / Bari
Manutencoop Facility Management SpA
Bari
Feasibility Study
Italy / Campania / Salerno
Protos SpA
Salerno
Due Diligence
Italy / Lazio / Latina
BIIS Bank (Intesa San Paolo Group)
Formia
Due Diligence
Italy / Sicily / Catania
ITEM Srl
Acireale
Feasibility Study / Repositioning
Italy / Valle d’Aosta / Aosta
Alberghi Valdigne SpA and
Due Diligence
Paliano
Feasibility Study
Manual of standards/procedures
of the brand
Baltea Alberghi Valdostani SpA
Courmayeur
Feasibility Study
Italy / Sicily
Futura Srl
Catania, Palermo, Syracuse, Taormina
Due Diligence
Italy / Tuscany / Lucca
Avv. Maria Cristina Marcucci
Viareggio
Valuation
Italy / Tuscany / Lucca
Avv. Maria Cristina Marcucci
Lucca
Valuation
Italy / Sardinia
BNL Group - BNP Paribas
Italy / Lombardy / Monza-Brianza
Global ReSol Srl
Monza
Market Study / Concept
Italy / Lazio / Rome
Colledoro Srl
Colleferro
Feasibility Study
Italy / Veneto / Venice
Protos SpA
Venice
Market Study
Italy / Apulia / Foggia
Orizzonte SGR SpA
Manfredonia
Feasibility Study
Italy / Sicily / Catania
ITEM Srl
Acireale
Operator search
Morocco
ITEM Srl
Market Study
Italy / Sardinia
Meliorbanca and Centrobanca
Due Diligence
Due Diligence
Definition / Feasibility Study
Italy / Emilia Romagna /
Concept Definition /
Reggio Emilia
Matilde di Canossa Srl
San Polo d’Enza
Feasibility Study
Italy / Tuscany / Florence
Re Partner and Oberoi Group
Fiesole
Feasibility Study
Italy / Lazio / Rome
Colledoro Srl
Colleferro
Operator Search
Italy / Sicily / Catania
Palmeri Costruzioni SpA
Catania
Feasibility Study
Italy / Apulia / Bari
La Stella Srl
Giovinazzo
Feasibility Study
World
Achilli Ghizzardi Associati Srl
Italy / Sardinia / Cagliari
Antonio Puddu Costruzioni Srl
Cagliari
Feasibility Study
Italy / Sicily / Messina
Equiter SpA
Capo d’Orlando
Due Diligence
Italy / Lazio / Rome
Residence Garden Srl
Rome
Due Diligence / Feasibiliy Study
Italy / Veneto / Venice
TCL SpA
Venice
Due Diligence / Feasibiliy Study
Italy / Liguria / Imperia
Banca Popolare dell'Etruria e del Lazio,
Banco Popolare
Imperia
Valuation
Italy / Lazio / Rome
Como Srl
Rome
Concept definition / Feasibiliy
Italy / Lombardy / Milan
Italiana Bulding Srl
Milan
Italy / Lombardy / Milan
Servizi Generali a Terzi Srl
Milan
Italy / Sardinia / Olbia-Tempio
La Maddalena Sas
La Maddalena
Slovenia / Ljubljana
Metalka Trgovina d.o.o.
Ljubljana
Market Analysis / Concept
Società Cooperativa, Unicredit Banca SpA,
MPS Capital Services SpA, Banca Nazionale
del Lavoro SpA, Banca Carige SpA,
Study / Operator search
Concept definition / Feasibiliy
Study / Operator search
Concept definition / Feasibiliy
Study / Operator search
Concept definition / Feasibiliy
Study / Operator search
Concept definition /
Feasibiliy Study
TM
ASIA PACIFIC
AUSTRALIA
John Smith
[email protected]
FRANCE
Philipe Doizelet / Stéphane Durand
[email protected]
[email protected]
CHINA (BEIJING)
Wang Shu / Julie Dai
[email protected]
[email protected]
GERMANY
Frank Mustaff / Tom Goldscheider
[email protected]
[email protected]
CHINA (SHANGHAI)
Zoe Wu
[email protected]
HUNGARY
Marius Gomola
[email protected]
HONG KONG
Nigel Summers
[email protected]
IRELAND
Naoise Cosgrove / Anne Walsh
[email protected]
[email protected]
INDIA
Rushabh Shah
[email protected]
INDONESIA
Matt Gebbie
[email protected]
JAPAN
Koji Takabayashi
[email protected]
MALAYSIA
Sen Soon-Mun
[email protected]
NEW ZEALAND
Stephen Hamilton
[email protected]
SINGAPORE
Robert Hecker
[email protected]
THAILAND
Ingo Schweder
[email protected]
AFRICA
SOUTH AFRICA
Michele De Witt
[email protected]
EUROPE
AUSTRIA
Gerald Kroell / Hannes Schied
[email protected]
[email protected]
CROATIA
Ružica Herceg
[email protected]
CYPRUS
Christos Michaelides / Olga Thoma
[email protected]
[email protected]
www.horwathhtl.com
ITALY
Zoran Bacic
[email protected]
NETHERLANDS
Marco Van Bruggen
[email protected]
NORWAY
Per-Erik Winther
[email protected]
POLAND
Janusz Mitulski
[email protected]
RUSSIA
Michael O'Hare
[email protected]
SERBIA
Silvija Loreta
[email protected]
SPAIN/PORTUGAL/ANDORRA
Sandra Massana
[email protected]
SWITZERLAND
Heinz Wehrle
[email protected]
TURKEY
Metin Erdogdu
[email protected]
UNITED KINGDOM
Erlend Heiberg
[email protected]
NORTH/CENTRAL
AMERICA/CARIBBEAN
ATLANTA
Paul Breslin / Mark Beadle / Pam Grayboff
[email protected]
[email protected]
[email protected]
CHICAGO
Ted Mandigo
[email protected]
DALLAS
Jeff Binford
[email protected]
DENVER
John Montgomery
[email protected]
LAS VEGAS
Lyle Boll
[email protected]
LOS ANGELES
Veno Nathraj
[email protected]
NEW JERSEY
Scott Davis
[email protected]
PHOENIX
David Dean / Julie Reigle
[email protected]
[email protected]
SAN FRANSCISO
Joel Hiser / Tony Dimond
[email protected]
[email protected]
CANADA (TORONTO)
Joel Rosen
[email protected]
CANADA (MONTREAL)
Gilles Lariviere
[email protected]
DOMINICAN REPUBLIC
Juan Méndez
[email protected]
MEXICO
María José Gutiérrez
[email protected]
SOUTH AMERICA
ARGENTINA
Carolina Spinelli
[email protected]
BRAZIL
Mariano Carrizo
[email protected]
CHILE
Carolina Spinelli
[email protected]
COLUMBIA
María José Gutiérrez
[email protected]