Ibis Styles Budapest Airport Hotel
Office: Horwath HTL Hungary & Russia
Scope of Work:
- Financial Feasibility Study and Concept Planning for a proposed International Hotel at Terminal 2, Budapest Airport;
- Updated Market and Financial Feasibility Study and Concept Review for the proposed International Economy Hotel at Terminal 2, Budapest Airport.
We were commissioned between 2011 and 2014 to assess the market potential and feasibility of the first onsite airport hotel development at Budapest Airport.
Horwath HTL Solution:
We have provided our Client with extensive market and financial feasibility studies, including concept recommendations and project reviews first for a hotel project at Terminal 1, then after its closure to the Terminal 2. The expert report proved invaluable for our Client in negotiations with financial institutes and potential hotel operators.
Assignments completed in 2011, 2012, and 2014. Project in construction phase, proposed hotel will open in Q4 2017.