NHC prepares feasibility studies to assess the economic viability of hotel projects or of a major conversion / optimization of existing hotels.
The analyses are based on a thorough review of economic trends, the property market's historical trends and expected future developments. They also provide an assessment of the location and profile of the given project as well as a benchmark of operating results of the selected competitors. Finally, an evaluation of the ideal project in regards to the number of rooms, the hotel category, the size of the restaurant and meeting facilities, and if needs be, wellness and spa as well as point of sales that the property would required, is carried out.
Feasibility studies are in today's market absolutely essential as they represent an objective assessment of the economic viability of a project to a developer or investor. It serves as an indispensable tool for dialogue and negotiations with operators on one hand and to secure financing on the other hand.
NHC has carried out a series of feasibility studies across Scandinavia and Europe.