A feasibility study is an indispensable and decisive element of preliminary work, especially in the case of a complex project such as the development of a hotel.
Due to Feuring Group’s holistic approach and in particular to the company’s long years of experience in the realisation of hotel projects, Feuring’s own means of tackling feasibility studies are a lot more extensive than those of most classical market studies. This is made clear by two decisive elements:
- The examination of feasibility is not only carried out from an economic point of view but also takes the feasibility of the architectural concept into consideration. This results in an appropriate area concept which is at the same time an architectural briefing.
- Thanks to its widely qualified project team, Feuring can establish a professional investment cost calculation which is, amongst other things, based on realistic construction prices.
Hence, the feasibility study not only aids decision-making at a preliminary stage, it is also a reliable tool for all further steps in the project development.