Schedule a call
Services / Growth & expansion / Feasibility studies
Feasibility study boardroom
Growth & expansion

Feasibility studies for hotels, restaurants & leisure assets

Testing whether a specific hotel, restaurant, leisure venue or mixed-use development will generate a viable financial return — before capital, land or a brand commitment is made.

A hospitality feasibility study tests whether a specific development — a hotel, restaurant group, leisure destination or mixed-use scheme — will generate a viable financial return on a specific site, combining demand and revenue assumptions with construction, fit-out and operating cost modelling to produce a clear go or no-go recommendation for investors, developers and lenders.

Who this is for

Developers, investment committees, lenders, hotel groups, restaurant operators and leisure developers assessing whether a specific project stacks up financially. Whether it’s a 200-key resort, a multi-unit restaurant roll-out, a wellness destination, an entertainment complex, or a mixed-use scheme with a hospitality component, the study is built for the people actually deciding whether to commit capital.

What this covers

Asset types we assess

Asset typeTypical scope
Hotels & resortsDemand modelling, rate benchmarking, operator selection, development cost per key, stabilised NOI scenarios.
Restaurants & QSRUnit economics, format testing, menu engineering, roll-out planning, site selection criteria.
Leisure & entertainmentCatchment and footfall modelling, revenue-per-visit analysis, seasonal demand patterns, capex benchmarking.
Mixed-use & placemakingF&B and hospitality component sizing, cross-asset revenue modelling, operator mix strategy.

Key terms

Debt service coverage ratio Loan-to-value Stabilised NOI IRR & cash-on-cash return Development cost per key GOP margin Revenue per available seat hour Catchment analysis

How we work

We build the model around what an investment committee or lender actually needs to see — stress-tested against downside scenarios, not just a base case dressed up to justify a decision already made. Our team brings direct operating experience across hotels, restaurants, leisure venues and food & beverage, which means assumptions are grounded in what comparable assets actually achieve, not theoretical benchmarks.

The output

A feasibility report covering market demand, competitive positioning, concept options, financial projections and the key assumptions and risks behind them.

Confidential QSR feasibility
Case study

Confidential QSR — European market feasibility

Comprehensive feasibility study for a 90+ store Middle Eastern restaurant group assessing European market entry, covering primary research, competitor benchmarking, P&L modelling and market sizing.

Common questions

What is a hospitality feasibility study?

An assessment of whether a specific hotel, restaurant, leisure or mixed-use project will generate a viable financial return, covering demand, revenue, cost and financing assumptions tailored to the asset type.

Will lenders accept your feasibility study?

We build reports to the standard lenders and investment committees expect, and can work alongside a named appraisal partner where a formal valuation is also required.

How long does a feasibility study take?

Typically four to eight weeks for a single asset, longer for multi-site or multi-phase developments. Restaurant and leisure feasibility studies with simpler operating models can run three to five weeks.

Can you assess a restaurant or leisure concept, not just hotels?

Yes. We deliver feasibility studies across hotels, resorts, restaurant groups, leisure venues, entertainment complexes, wellness destinations and mixed-use schemes with a hospitality component.

Do you cover international markets?

Yes. Our team operates across the UK, Europe, Middle East, Africa and the Americas, and we have delivered feasibility work in more than 20 countries.

Assessing whether a hospitality or leisure project stacks up financially?

Schedule an initial call