5 Star Resort Portfolio

5-Star Resort Portfolio

Key Service: Hotel Asset Management
Location: Hungary
Product: Full-scale Advisory & Support
Office: Hungary

Overview:

In 2019, we have started with the in depth market assessment and concept review of the two resorts – one at lake Balaton and the other one in the renowned wine region of Tokaj. Following the feasibility assessment the operator selection process begun which was a complex undertaking not only due to the number of potential candidates, but also due to the shortage of time prior to the opening of the resorts. After a series of negotiations with the operators and discussions with the various decision makers on the developer’s side, AccorHotels has been selected as the future operator of the properties. With only a few months left until completion of both resorts, immediate pre-opening support was necessary including FF&E and OS&E list finalizations, executive search and selection and budget reviews. With our continuous support, the Client was able to beat unrealistic deadlines and complete the two unique projects successfully.

Scope of Work:

We have been tasked by Dreamland Holding to provide strategic assistance with regard to their two top-tier resort developments in Hungary. As part of the engagement we have prepared market feasibility study, concept review and market valuation, followed by an operator selection and contract negotiation support, which was concluded in asset management services aiding the pre-opening process of the two resorts – Mövenpick BalaLand Resort and Minaro Hotel MGallery Tokaj.

Status: Project Completed in 2019-2022

Project Location