Playa Grande Golf & Ocean Club – Dominican Republic
Horwath HTL was engaged by Playa Grande Holdings, Inc., regarding the development of the Playa Grande Golf & Ocean Club, a Luxury Mixed Use Golf Project, comprising an area of around 2,400 acres, located in Rio San Juan on the North Coast of the Dominican Republic. Beside the luxury installations and amenities of the hotel and villa resort, key elements of the Project are the natural beauty of Playa Grande and surrounding area, and a focus on preserving the environment of the site, making it one of the most exclusive and luxurious destinations in the Caribbean.
Horwath HTL Solution:
Horwath HTL conducted a Market and Financial Study for the Mixed-Use Golf Project and carried out a valuation of the property. Among others, the study involved a site analysis and evaluation of the location characteristics. Horwath HTL also reviewed the proposed master plan and its concepts and evaluated the potential for the selected residential real estate and tourism resort components, using a competitive set of projects in the Dominican Republic and the Caribbean that matched the defined market area. Based on the compiled data, lodging demand was quantified and potential revenues and expenses were forecasted. After completion of the initial feasibility study and valuation, the client commissioned periodic valuations of the project and project components from Horwath HTL.
Playa Grande opened in 2015 as the first Golf Integrated Aman Resort Worldwide.