Krasnaya Polyana, Russia – Gorky Gorod Mountain Resort

Office: Horwath HTL Hungary & Russia

Scope of Work: Market and Financial Feasibility Study and Concept Review for Gorky Gorod Mountain Resort, the most complex tourism-related project in Krasnaya Polyana including the facilities for Sochi 2014 Winter Olympics.

Overview: Project included the development of 12 internationally branded hotels and resorts (3-4-5-star) including a total of 1,600 letting units; 2,000 apartments, villas and chalets for sale; a destination spa; retail and entertainment centre, and complex ski infrastructure.

Horwath HTL Solution: We have prepared the final concept recommendations and financial projections for the key resort components in order to help the financing Russian bank in its decision making procedure. The implementation of the final phases have been executed in light of our recommendations.

Status: Assignment completed in 2012.