A traditional resort is often transformed into a residential facility (and vice versa), a senior home or even an outdoor sports facility.
The stakeholders are always looking to reduce capital costs and streamline operations and delivery flows are prone to stay competitive and achieve the best performance.
Such instances have to be taken seriously, through insightful planning, and rigorous management, different scenarios can be identified for future repurposing.
An indoor sports facility
Following an unthinkable drop in demand because of the pandemic resulting in low turnover, the resort was repurposed to be an outdoor sports facility that began generating returns.
The holding company has only gained in terms of added value and improved its economic position by serving a market need.
Resort to a residential unit
Due to a low density in terms of the catchment area, a 5-star resort has seen its revenue decreasing drastically.
To take advantage of the shortage, the resort has been turned into luxurious multifamily apartments, the outdoor space served as gardens and running/play area for families with kids, and the business model has augmented its working capital.
