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A commercial property developer based in Budapest.
What did Hotel Solutions Partnership achieve for the client?
Hotel Solutions Partnership Ltd established that the site was in a good location, of good sound construction and would convert easily into a hotel. Our report detailed the optimum number of bedrooms and how best to accommodate F&B outlets, deliveries and refuse collection points, communal spaces for guests use, as well as Back of House layout.
The client was considering acquiring a commercial building in Budapest and converting it into a 4-star hotel. The client wished to diversity its business into the hotel sector and intended to partner with an experienced operator to manage its hotels.
The client required a high-level technical evaluation of the building to assess its suitability for conversion to a hotel. Hotel Sollutions Partnership was also engaged to prepare a preliminary development cost estimate for the project.
Scope of Work
HSP’s technical development expert visited the site in order to provide a Purchaser’s Report, analysing the salient characteristics of the asset and providing a fair and balanced overview of its surroundings, its potential and its constraints. The Purchaser’s Report addressed the following questions for the client: