New Hotel Chain – Several locations – Italy
Development of a new hotel chain under the business model of management contract
Horwath HTL assisted the operator through a complete development strategy aimed at illustrating management scenario, facilitating migration to a centralized chain vehicle, estimating cost advantage deriving from centralized services, analyzing fees and services delivered to single properties and planning a development path for expansion in Italy and Central Europe. Horwath HTL also presented the new organizational structure, simulating management fees and corporate costs into a 5-year plan under the several development scenarios proposed.
In 2017 the operator has started chain operations with a complete migration of centralized function into a dedicated vehicle operating through management contracts. Currently the chain manages 3 luxury properties.