our portfolio
Office to Hotel Conversion
Neviansk, Russian Federation. December 2018-March 2019

Services Rendered:
✓ Tourism Research—Sverdlovsk Region
✓ Hotel Market Analysis —Nevyansk, Nizhny Tagil and Ekaterinburg
✓ Hotel Conversion Concept
✓ Hotel Conversion Floor Plans
✓ Conversion Cost Estimation
✓ Hotel Trading Financial Forecast
✓ Cash Flow Projections
✓ Financial Performance Indicators
Facilities Mix:
✱ 44 Guestrooms
✱ All-day Restaurant and Bar
✱ Meeting Area
✱ Staff and Technical Areas
✱ Surface Parking
Luxury Business Hotel
Moscow, Russian Federation. September-December, 2018

Services Rendered:
✓ Market Research–Hotels
✓ Market Research–Extended Stay Units
✓ Market Research–Private Rental
✓ Competitive Analysis
✓ Demand Analysis for Extended Stay
✓ Extended Stay Yield Simulations
✓ Staff Cost Rationalisation
✓ Asset Management Advisory
Facilities Mix:
✱ 34-Floor Cylindrical Tower
✱ 324 Businesss-Equippped Guestrooms
✱ 3 Restaurants, 3 Bars
✱ Meeting and BanquetZone
✱ Spa and Wellness Centre
Historical Manor Hotel
Muhu Island, Estonia. September 2017-June, 2018

Services Rendered:
✓ Regional Tourism Market Research
✓ Business Valuation
✓ Legal and Commercial Due-Diligence
✓ Preparation of Teaser
✓ Preparation of Information Memorandum
✓ Hotel Brokerage
Facilities Mix:
✱ 17th-19th century Historic Manor Hotel
✱ 24 Fully Appointed Luxury Guestrooms
✱ 2 Restaurants, 2 Bars
✱ Meeting Zone for Small Groups
✱ 7 hectares landscaped territory
✱ Spa House
✱ Private Farmhouse
Luxury Hotel Spa Development
Vladivostok, Russian Federation. June-July, 2017

Services Rendered:
✓ Local Market Analysis
✓ Trading Asset/Business Valuation
✓ Hotel Trading Projections (P&L Forecast)
✓ Cash Flow Financial Projections
✓ Preparation of Pitches/Teaser
✓ Preparation of Information Memorandum
✓ Asset Yield Analysis
Facilities Mix:
✱ 218 Guestrooms
✱ 3 Restaurants, 3 Bars
✱ Meeting Zone
✱ Meeting Zone
✱ Spa Area
✱ Indoor Pool
✱ Fitness and Wellness Centre
✱ Underground Parking
✱ Walkway on Seafront
Serviced Apartment Conversions
Moscow, Russian Federation. January-February, 2017

Services Rendered:
✓ Market Survey—USA
✓ Market Apartment Survey —Asia
✓ Market Survey—Europe
✓ Market Survey—Middle East
✓ Business Model and Algorithm
✓ Conversion Model and Algorithm
✓ Pricing Analysis
✓ Conversion Cost Analysis
✓ Asset Yield Analysis
Facilities Mix:
✱ 44 Utility Buildings
Luxury Hotel and Spa Resort
Lago Maggiore, Italy. October-November, 2016.

Services Rendered:
✓ Market Study—Lake Maggiore
✓ Site Analysis
✓ Hotel Concept Analysis
✓ Concept Recommendations
✓ Profit and Loss Projections
✓ Cash Flow Projections
✓ Detailed Staff Plan
✓ Financial Indicator Analysis
Facilities Mix:
✱ 150 Guestrooms
✱ 2 Restaurants, 3 Bars
✱ Meeting Zone, Spa Area
✱ Private Beach
Hotel Branded Residence Units
Moscow, Russian Federation. July-September, 2016.

Deliverables:
Full Encompassing Market Survey on luxury hotel branded residence units including the following:
✓ Definition and Description
✓ Facilities Mix Analysis
✓ Planning & Design Specifications
✓ Market Survey–China
✓ Market Survey—USA
✓ Market Survey–Russia
✓ Case Study—London, UK
✓ Pricing and Marketing Strategy
✓ Operating Costs Structure
✓ Business Model/Operator Fees
✓ Legal Considerations
Spa Mini-Hotel Development
Kislovodsk, Russian Federation. May-August, 2016.

Services Rendered:
✓ Hotel and Spa Resort Analysis
✓ Site Analysis
✓ Completion of Concept
✓ Profit & Loss Projections
✓ Cash Flow Projections
Facilities Mix:
✱ Existing Building (12 Guestrooms)
✱ Restaurant and Bar Pavilion
✱ Spa Pavilion
✱ Back-of-House/Service Areas
Elite Chalet Development
Megève, France. June-December, 2015

Services Rendered:
✓ Legal Due-Diligence
✓ Commercial Due-Diligence
✓ Site Analysis
✓ Local Market Analysis
✓ Pricing Analysis
Facilities Mix:
✱ 850 sq. m. Elite Chalet
✱ Vacant Land Plot for Construction
Yacht Club and Residential Complex
Victoria, Seychelles. October, 2015

Services Rendered:
✓ Legal Due-Diligence
✓ Technical Due-Diligence
✓ Commercial Due-Diligence
Facilities Mix:
✱ 13,200 sq. m. Yacht Club GBA
✱ 41 Berths for medium-size yachts
✱ Elite apartments
✱ Retail Shops
Elite Residential Complex
Cannes, France. June, 2015.

Services Rendered:
✓ Legal Due-Diligence
✓ Residential Market Analysis
✓ Commercial Due-Diligence of Vendor Pricing and Profitability
Facilities Mix:
✱ 8,500 sq. m. Land Plot
✱ 2.025 sq. m. Residential GBA
✱ Basement Parking
✱ Landscaped Gardens
Morakot Private Island Resort
Sihanoukville, Cambodia. May, 2015.

Services Rendered:
✓ Investment Memorandum Update
✓ Local Residential Analysis Update
✓ Local Tourism Market Update
✓ Financial Projections Update
✓ Casino Financial Projections
✓ Full Cash Flow Analysis
Facilities Mix:
✱ 5 Hotels (1,050 rooms)
✱ 380 Villas/Bungalows
✱ 198 Marina Apartments
✱ Restaurant, Bars
✱ Spa Complex
✱ Casino
✱ Yacht Marina
Spa, Conference Hotel Development Krapinske
Toplice, Croatia, Cambodia. January-May, 2015.

Services Rendered:
✓ Hotel Market Analysist
✓ Site Analysis
✓ Slovenian spa Market Analysis
✓ Croatian Market Spa Analysis
✓ Competitive Analysis
✓ Hotel Concept Definition
✓ Estimation of Construction Costs
✓ Financial Projections
✓ Cash Flow Analysis
Facilities Mix:
✱ 150 Room Hotel
✱ Spa-Medical Centre
✱ Conference Centre
✱ Restaurants and Bars
Purchase of Elite Apartment
Cannes, France. December, 2014 – February 2015.

Services Rendered:
✓ Legal Due-Diligence
✓ Technical Due-Diligence
✓ Correspondence and Coordination on conditions of acquisition and implementation of physical merging of two adjacent apartments.
Facilities Mix:
✱ Two elite apartments with a GBA of 200 sq. m. and large open balconies.
Sale of Ski Hotel Resort Schladming
Styria, Austria. December, 2014.
Services Rendered:
✓ Legal Due-Diligence
✓ Audit of the Vendor’s Financial Projection’s Model
✓ Audit of the Object’s Commercial Profitability
Facilities Mix:
✱ 107-Room Hotel
✱ Restaurants, Bars
✱ Health Centre
✱ Winter Sports Equipment Rental
✱ Basement Parking
Business Centre Sale
Prague, Czech Republic. November 2014-February 2015.

Services Rendered:
✓ Legal Due-Diligence
✓ Object Inspection
✓ Analysis of Sales Conditions
✓ Audit of the Vendor’s Financial Model
Facilities Mix:
✱ 2 000 sq. m. GLA (Office & Street Retail)
✱ 17 Parking Spaces
Upscale Hotel Development
Nizhniy Novgorod, Russia. October-December, 2014.

Services Rendered:
✓ Hotel Market Analysis
✓ Site Analysis
✓ Competitive Analysis
✓ Concept Definition
✓ Financial Projections
✓ Cash Flow Analysis
Facilities Mix:
✱ 150-room Hotel
✱ Restaurants, bars
✱ Conference Centre
✱ Health Club
✱ Underground and Surface Parking
19th Century Residential Building
Prague, Czech Republic. September 2014 – February 2015.

Services Rendered:
✓ Hotel Market Analysis
✓ Residential Market Analysis
✓ Legal Due-diligence
✓ Analysis of the Financing Scheme
✓ Audit of the Financial Model
✓ Highest and Best Use Recommendations
Facilities Mix:
✱ 46-Room Hotel Concept
✱ Elite Residential Concept
✱ Restaurant
✱ Private Club
Luxury Hotel & Casino Beach Resort
Ureki Beach, Georgia. Аugust-September, 2014.

Services Rendered:
✓ Creation of a financial projection model for determining the commercial feasibility of a luxury beach resort with casino.
Facilities Mix:
✱ 170-room hotel
✱ 30 independent cottages
✱ Restaurants, bars
✱ Spa and Wellness Centre
✱ Conference Centre
✱ Private Beach
✱ Casino
Development of 2 Economy Hotels
2 Locations in Moscow, Russia. July-October, 2014.

Services Rendered:
✓ Hotel Market Analysis
✓ Site Analysis of 2 Land Plots
✓ Competitive Analysis
✓ P&L Financial Projections
✓ Cash Flow Analysis
✓ Debt Coverage Simulation
Facilities Mix:
✱ 626-room hotel
✱ 362-room hote
Morakot Private Island Resort
Sihanoukville, Cambodia. July-October, 2014.

Services Rendered:
✓ Investment Memorandum
✓ Local Residential Analysis
✓ Local Tourism Market Analysis
✓ Competitive Analysis
✓ Financial Projections
✓ Cash Flow Analysis
Facilities Mix:
✱ 5 Hotels (1,050 rooms)
✱ 380 Villas/Bungalows
✱ 198 Marina Apartments
✱ Restaurant, Bars
✱ Spa Complex
✱ Casino
✱ Yacht Marina
Elite Ski-Chalet Development
Courchevel, France. December, 2013 — March, 2014.
Services Rendered:
✓ Desktop Market Research
✓ Legal Due Diligence
✓ Negotiation of Lease Terms
Facilities Mix:
✱ 550 sq. m. luxury chalet
Golden Gate Mixed-Use Complex
Moscow, Russia. November-December, 2013.
Services Rendered:
✓ Office Market Research
✓ Hotel Market Research
✓ Site Analysis
✓ Business Valuation
✓ Cost & Return Analysis
✓ Debt Coverage Simulation
Facilities Mix:
✱ 18.960 sq. m. Office GLA
✱ 1,0 35 sq. m. Ancillary Retail
✱ 168-room Hotel (10,087 sq. m.)
✱ Ancillary Areas (1.781 sq. m.)
✱ 263 parking units (10 310 sq. m.)
0,4 ha. Land Sale
Baden-Baden, Germany. September-December, 2013.

Services Rendered:
✓ Legal Due-Diligence
✓ Local Market Research
✓ Site Analysis
✓ Highest-and-Best Use Analysis
✓ Redevelopment Options
✓ Cost and Return Analysis
Facilities Mix:
✱ 6.200 sq. m . Land plot
✱ 4.080 sq. m. Admin.. Building
Hotel Conversion of Retail Centre
Surgut, Russia. July, 2013.

Services Rendered:
✓ Market Analysis
✓ Site Analysis
✓ Hotel Conversion Concept
✓ Financial Projections
✓ Cash Flow Analysis
Facilities Mix:
✱ 5.500 sq. m. Shopping center
✱ 126-Guestrooms (3.854 sq. m.)
✱ 2 F&B Outlets (250 sq. m.)
✱ 342 sq. m. meeting area
✱ 265 sq. m. spa fitness area
✱ 400 sq. m. public area
Marximum Business Park
Vienna, Austria. June-July, 2013.
Services Rendered:
✓ Local Office Market Analysis
✓ Competitive Analysis
✓ Site Analysis
✓ Property Description
✓ Legal and Statutory
✓ Market Value Valuation
Facilities Mix:
✱ 40 326 sq. m. office space
✱ 1.766 sq. m. in storage space
✱ 359 parking spaces
Ha. KIMA Mixed-Use Master-Plan
St. Petersburg, Russia. April-November, 2013.
Services Rendered:
✓ Hotel Market Research
✓ Residential/Office Research
✓ Site Analysis
✓ Territorial Master Plan
✓ Cost /Return Projections
✓ Operator Search and Selection
Facilities Mix:
✱ 172-Room Hotel (3.692 sq. m.)
✱ 527 Apartments (22.550 sq. m.)
✱ Business Centre (13 850 sq. m.)
✱ Fitness Centre (1,400 sq. m.)
✱ Restaurant (634 sq. m.)
✱ 295 Parking Spaces
Mixed-Use Business Centre, hotel
Moscow Suburbs, Russia. March, 2013.
Services Rendered:
✓ Competitive Analysis
✓ Site Analysis
✓ Property Description
✓ Business Valuation
Facilities Mix:
✱ 220,000 sq. m. Total Area
✱ 109.000 sq. m. Office GLA
✱ 3.262 parking spaces
✱ 90-Room private hotel
✱ Indoor Skating rink
✱ Fitness/Spa Centre
Gornaya Karousel Ski-Resort
Krasnaya Polyana/Sochi, Russia. November, 2012 — March, 2013.
Services Rendered:
✓ Bespoke Modelling
✓ Financial Projections
✓ Quarterly Projections on 5 Years
✓ Detailed Staff Plans
✓ Recruitment of Technical Teams
Facilities Mix:
✱ 9 Hotels (1,625 rooms)
✱ Duplex Apartments
✱ Restaurant, Bars
✱ Spa Complex
✱ Convention Centre
✱ Press-Room Centre
Hotel, Residential and Marina Resort
Uglian Island, Zadar, Croatia. September, 2012.

Services Rendered:
✓ Desktop Market Research
✓ Legal Due Diligence
Facilities Mix:
✱ 2 Hotels (400 rooms)
✱ Private Holiday * Apartments
✱ Marina
✱ Yacht Berths
✱ Ancillary Retail Units
Residential Purchase
Udine, Italy. June-July, 2012.
Services Rendered:
✓ Legal Due-Diligence
Facilities Mix:
✱ Elite Apartment Complex
50 ha. Beach Resort Master Plan
Caspian Sea Coast, Azerbaijan. April-June, 2012.

Services Rendered:
✓ Residential Market Research
✓ Site Analysis
✓ Legal Due Diligence
Facilities Mix:
✱ 540 sq. m. Ski-Chalet
Elite Ski-Chalet Development
Courchevel, France. February-December, 2012.
Services Rendered:
✓ Hotel Market Research
✓ Elite Residential Analysis
✓ Site Analysis
✓ Territorial Master Plan
✓ Cost Estimations
✓ Financial Projections
✓ Cash Flow Analysis
Facilities Mix:
✱ Luxury Beach Hotel/180 Rooms
✱ Restaurants, Bars, Cafes
✱ Conference Areas
✱ Spa Wellness Areas
✱ Private Villas
✱ Beach Infrastructure
Hotel Conversion
Moscow, Russia. July-August, 2012.

Services Rendered:
✓ Concept Definition
✓ Architect Consulting
✓ Market Study
✓ Financial Projections/Simulations
✓ Investment Presentation
Facilities Mix:
✱ 59 Guestrooms
✱ Duplex Apartments
✱ Restaurants
✱ Panorama Bar
✱ Public Areas
✱ Service/Technical Areas
Hotel and Residential Development
Sochi, Russia. January, 2012.
Services Rendered:
✓ Market Study
✓ Site Analysis
✓ Highest and Best Use Analysis
✓ Financial Projections/Simulations
✓ Client Presentation
Facilities Mix:
✱ 40 Guestrooms/Apartment Units
✱ Restaurant
✱ Spa Centre/Roof Swimming Pool
✱ Basement Parking
✱ Staff Areas
Theme Park Development
Yaroslavl Region, Russia. January—June, 2012.

Services Rendered:
✓ Theme Park Market Research
✓ Regional Tourism Market Analysis
✓ Site Analysis
✓ Territorial Master Plan
✓ Cost Estimations
✓ P&L/Cash Flow Projection
Facilities Mix:
✱ Bungalow Complex
✱ Aqua Park
✱ Restaurants and Bars
✱ Indoor/Outdoor Recreation
✱ Activity Planning
60 ha. Holiday Village Development
Near Budva, Montenegro. June—August, 2011.
Services Rendered:
✓ Hotel/Residential Market Analysis
✓ Site Analysis
✓ Territorial Master Plan
✓ Cost/Return Analysis, Simulations
Facilities Mix:
✱ 178 Rooms
✱ Restaurants, Bars, Cafes
✱ Conference Areas
✱ Spa Wellness Areas
✱ Private Villas, Holiday Apartments
Elite Spa Hotel Residences
Baden-Baden, Germany. April, 2011.
Services Rendered:
✓ Legal/Investment Due-Diligence
✓ Financial Projections
✓ Cash Flow Analysis
✓ Scenario Simulations
Facilities Mix:
✱ 40 Guestrooms
✱ Public Area
✱ Cafe/Bar
✱ Underground Parking
Landmark Business Hotel
Baku, Azerbaijan. March-April, 2011.
Services Rendered:
✓ Market Study
✓ Site Analysis
✓ Property Description
✓ RICS/IVS Business Valuation
Facilities Mix:
✱ 102 Guestrooms
✱ Spa Centre
✱ Restaurants-Bars
✱ Conference Centre
Petrovka Loft Limited Service Hotel
Moscow, Russia. January-February, 2011.
Services Rendered:
✓ Market Study
✓ Feasibility Study
✓ Business Plan
✓ Cost Due Diligence
Facilities Mix:
✱ 64 Guestrooms
✱ Reception Area
✱ Cocktail Lounge
Hyatt Golden Horne (Opening 2013)
Vladivostok, Russia. July-August, 2010.
Services Rendered:
✓ Site Analysis
✓ Property Description
✓ Feasibility Study,
✓ Scenario Simulations
✓ Sensitivity Analysis
Facilities Mix:
✱ 217 Guestrooms
✱ Luxury Suites
✱ Sports Centre
✱ Restaurants-Bars
✱ Conference Centre
✱ Yacht Marina
Hyatt Cape Burniy (opening 2013)
Vladivostok, Russia. July-August, 2010.
Services Rendered:
✓ Market Study
✓ Site Analysis
✓ Property Description
✓ Feasibility Study,
✓ Sensitivity Analysis
Facilities Mix:
✱ 250 Rooms
✱ Restaurants-Bars
✱ Conference Centre
✱ Spa Centre
Hotel Aquamarine
Moscow, Russia. June-July, 2010.
Services Rendered:
✓ Market Study
✓ Site Analysis
✓ Property Description
✓ RICS/IVS Business Valuation
Facilities Mix:
✱ 159 Guestrooms
✱ Function Rooms
✱ Restaurant
✱ Lobby Bar
✱ Fitness Centre
Spa Hotel Plaza
Kislovodsk, Russia. June-July, 2010.
Services Rendered:
✓ Market Study
✓ Site Analysis
✓ Property Description
✓ RICS/IVS Business Valuation
Facilities Mix:
✱ 275 Guestrooms
✱ Medical Facilities
✱ Spa Facilities
✱ Entertainment Area
✱ Restaurant, Bars
✱ Function Rooms