Miraval at Natirar Peapack

Gladstone, NJ

Economic Feasibility Study & Appraisal In Connection With The Proposed Miraval At Natirar Peapack – Gladstone, NJ

The Client

Global banking and financial services company

The Mandate

Economic Feasibility Study & Appraisal In Connection With The Proposed Miraval At Natirar, an 86 room luxury resort and spa slated for re-development of a historic mansion formerly owned by the King of Morocco located in Peapack – Gladstone, Somerset County, New Jersey

Located within rolling hills of a 500-acre park, less than an hour from New York City, Miraval at Natirar will mark the next phase of the Natirar resort development project, presently consisting of the award-winning Ninety Acres Culinary Center, which includes a premier culinary education facility as well as Ninety Acres, a celebrated farm-to-table restaurant that sources ingredients from the 12-acre sustainable farm surrounding the Culinary Center, banquet & catering facilities, and a private membership club. When complete, Miraval at Natirar will include a state-of-the-art 20,000 square foot spa, a 10,000 square foot wellness pavilion, a 4,000 square foot yoga center, a spa restaurant featuring Miraval spa cuisine as well as a series of meeting facilities.

The Results

An Economic Feasibility Study & Appraisal was prepared within 21 days of retention.
Detailed analysis and projections of:

  • Private club membership fees and expenses
  • Food and beverage revenues and expenses associated with:
    • Hotel guests
    • Club members
    • Ninety Acres Restaurant
    • Banquets and catered events
  • Spa revenues and expenses associated with:
    • Hotel guests
    • Club members
  • Program revenues and expenses
Stay in the Loop

Subscribe to our newsletter and stay up-to-date on industry news, trends, and insights.