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Due Dilligence Hotel Project Stilli Park, Davos

Stilli Park AG, as landowner, developed a new hotel and residences in Davos. The development project was examined by Credit Suisse AG Real Estate Asset Management in autumn 2010 in a due diligence process. The hotel comprises approx. 220 rooms and suites with SPA, indoor pool, ballroom, 7 conference rooms, business centre, 2 restaurants, bar, club and skybar. In front of it are two building blocks with 38 residences.

Place
Davos
Client
Credit Suisse AG Real Estate
Period
2010
Project number
GP.N.10066
Fields of activity
Real estate;Construction fiduciary & project management
Delivered services
Procedural support Due Diligence up to the conclusion of the purchase
Examination of product, construction description
Proposed corrections
Correction and completion of interface papers FF+E, verification of budgetsBudgets
Negotiations with the project developer on building specifications, standards and ensuring the integration of operator requirements
Cost comparison with the project developer regarding project corrections of the Due Diligence team
Own cost estimate as counter-position for negotiations with project developer and total contractor
Development of the basic structure for the total contractor submission
Evaluation of the two total contractor offers
Technical/economic negotiations on contract for work, building specifications, interfaces
Negotiations with the project developer on the total costs
Specifications
Investment: over CHF 150 million