Horwath HTL Industry Report: ITALY - Construction & Renovation Costs in Hospitality
With this latest report from Horwath HTL Italy, we shed light on the world of CapEx in Italian Hospitality. The report covers in detail the cost of building, converting and renovating hotels and resorts in Italy. With data collected from over 50 projects over the last five years, the report represents five thousand hotel rooms, worth a collective half a billion Euros.
The data shows that Italy is a very peculiar market for CapEx planning, due to a large number of hotels located in historic buildings. These developments, often in the luxury sector, need a delicate approach to renovation and will usually cost more than greenfield sites. Find out the CapEx associated with the major categories and type of buildings here.
About Horwath HTL
Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.
For more information, please visit www.horwathhtl.com.
