La Lama Hotel (The Rome Congress Palace Hotel)

La Lama Hotel (The Rome Congress Palace Hotel) – Rome, Italy

Key Service: Hotel Valuation
Location: Rome, Italy
Product: Valuation of new hotel project
Office: Italia

Estimation of the market value of the hotel under construction, both as is (shell & core) and as completely built (turn key)

This iconic property stands close-by the new Congress Center and Palace of Rome, in the Eur district. Horwath HTL assisted the client through:

  • The analysis of current state of construction, to provide an estimate of interventions to completion, considering standard and area planning as derived by international hotel chains benchmark;
  • The provision of standard costs for both FF&E, OS&E and other costs to reach the state of turn-key;
  • A full market analysis with focus on the MICE segment and in the light of former congress center performances;
  • A valuation based on the income capitalization approach for both scenarios.

After the closing of the manifestation of interest on December 15th, the client finalized the sale of the congress hotel.