Hotel Valuation of The Kimberly Hotel Hong Kong
Overview: Horwath was engaged to estimate the Economic Value Estimate of a 4-star hotel in Tsim Sha Tsui for a potential transaction.
Description of Project: The Kimberly Hotel of Hong Kong is an old school hotel with 500 rooms in Tsim Sha Tsui, the core area of Hong Kong. In order to assist in a potential transaction, the potential buyer of the Hotel commissioned Horwath HTL to evaluate the economic value of the Hotel. The assessment includes: competitive market analysis, hotel hardware condition estimation, historical business performance review, benchmarking case studies and economic value estimation.