Horwath HTL Hungary and Horwath HTL Russia Negotiate with Rixos Hotels for the first international upscale hotel in Shymkent, Kazakhstan

By On 26th February 2014

Budapest, February 25, 2014

Horwath HTL Hungary and Horwath HTL Russia, part of Horwath HTL the worlds oldest and largest Hospitality Consulting Network, has successfully completed management contract negotiations for a brand new Rixos Hotel, in Shymkent, Kazakhstan.

Horwath HTL has provided support to the developer throughout the contract negotiations.

The agreement is between Rixos Hotels, and Khadisha Hotel LLP to open a new-build Rixos Hotel in Shymkent, Kazakhstan. Scheduled to open in 2014, the hotel will be the first newly built, international branded upscale hotel in Shymkent. Shymkent is a dynamically developing city, which will further develop as the third largest city of Kazakhstan.

Marius Gomola, Managing Director of Horwath HTL Russia and Horwath HTL Hungary said. “We are delighted to have been able to facilitate the contract negotiations between our client, Khadisha Hotel LLP and Rixos Hotels. The fast-evolving brand is internationally recognised and will be a good match for this property in Shymkent. Kazakhstan is an extremely dynamic and fast-moving hotel market and we are happy we could use our experience to serve our client successfully.”

Nurzhan Seitzhanov, Director of Khadisha Hotel LLP said: “Horwath HTL did substantial work on our project, discovering potential risks during negotiation process and advised us properly to close issues. We would like to thank Marius Gomola for the great job in signing with Rixos Group, hotel chain which has reputable and internationally well-recognized name.”

About Horwath HTL
Horwath HTL (Hotels Tourism and Leisure) is one of the world’s pre-eminent consulting specialists in the Hotel, tourism and leisure industries, providing unequalled experience and expertise for client projects around the world through a combination of detailed local knowledge and international understanding. Horwath HTL is currently the world’s largest consulting organisation specialised in hospitality, with over 50 offices in 39 countries.

Horwath HTL is a member of Crowe Horwath International, a professional association of accounting and management consulting firms founded in New York in 1915. Crowe Horwath International is currently ranked among the top ten international professional service groups with offices in close to 586 cities in 108 countries.

About Horwath HTL Hungary and Horwath HTL Russia
Horwath HTL Hungary together with Horwath HTL Russia is the leading international hospitality consulting company in Central and Eastern Europe, Russia and CIS countries evidenced by the wide ranging scope of assignments we have secured in countries throughout the area. Horwath HTL Hungary and Horwath HTL Russia have been the longest established hotel and hospitality advisors in the region providing services for their clients since 1989. Horwath HTL Hungary and Horwath HTL Russia are the Hotel, Tourism and Leisure specialists in the region with a combined industry experience of more than 70 years.

Horwath HTL works through all phases of the hotel real estate cycle, providing help and expert support at every stage of the process.

Through the planning and development stage Horwath HTL provide concept assessment, feasibility and market study services, looking at what can be built and at what level, giving an independent and expert opinion that is respected by banks and financial institutions providing financing for projects. This is the most important phase of the cycle and that the correct advice will make the difference between long-term success or failure.

Once the asset is under development, Horwath HTL take the role as owners’ representatives on the project; firstly in a project management/asset development role working with architects and construction companies to ensure the project is managed properly. At the same time, Horwath HTL will search to find an operator, using their extensive contacts amongst the hotel chains to find the right candidates and then negotiate terms and conditions with the selected hotel company.

Once the asset is operational, Horwath HTL’s role continues as the owner’s financial eyes and ears, asset managing the property and to help maximize profit through efficient hotel performance.

At the end of a cycle, or when a disposal and exit is being considered, Horwath HTL provide expert strategic advice throughout all stages of the transaction process.

If you have any questions, please contact Marius Gomola on mgomola@horwathhtl.com.

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Crowe Horwath International is a leading international network of separate and independent accounting and consulting firms that may be licensed to use "Crowe," "Crowe Horwath" or "Horwath" in connection with the provision of accounting, auditing, tax, consulting or other professional services to their clients. Crowe Horwath International itself is a nonpracticing entity and does not provide professional services in its own right. Neither Crowe Horwath International nor any member is liable or responsible for the professional services performed by any other member.