Market and Feasibility Study for Hospitality Concept – Rwanda

Consulting Services to conduct Market and Feasibility Study for Hospitality Concept in a mixed-use project

Client: Institutional Investor
Year: May 2019- December 2019
Project Overview:
The main purpose of the hospitality concept with market and financial feasibility study was to assess the market potential on the basis of market analysis and market outlook, and to evaluate the financial feasibility of the project on the basis of investment estimation and expected financial performance of the project

Scope of Work:

• Evaluation of the location of the property;
• Assessed market potential of the proposed hospitality component of the project, on basis of a local hotel market supply and demand analysis, as well as on the basis of local competitive set analysis;
• Recommended best-use concept for the hospitality component (hotel facilities and serviced apartments)
• Evaluated financial feasibility of the project based on standard methodology of hotel development project evaluation process;
• Prepared market and financial projections of the hotel project for the first ten-years period of hotel operations;