Sikertörténeteink

  • hungary26
    Valuations & Acquisition Due Diligence

    Mixed-Use Development and Park Hyatt Project in Tbilisi

    Overview: Market and Financial Feasibility Study and Land Valuation for a proposed landmark mixed-use complex in central Tbilisi

    Horwath HTL Solution: Prepared market and financial feasibility study and business valuation for the key components of the project including the upscale hotel and conference centre, spa centre and office components.

    Status: Assignment completed in 2007, project has been amended and relocated

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    hungary25
    Valuations & Acquisition Due Diligence

    Moscow, Russia Moscow Novy Arbat Marriott Hotel

    Overview: Market and Financial Feasibility Study, Acquisition Due Diligence and Valuation for the Novy Arbat 32 mixed-use development.

    Horwath HTL Solution: Provided an acquisition due diligence support, market and financial feasibility study and valuation of the hotel and other relevant components of the development.

    Status: Assignment completed in 2014, hotel opened in 2015

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  • hungary24
    Valuations & Acquisition Due Diligence

    Portorož, Slovenia Kempinski Palace Hotel Protoroz

    Overview: Acquisition Due Diligence and Valuation for the Kempinski Palace Hotel Protorož.

    Horwath HTL Solution: To prepare a due diligence report about the acquisition of the Kempinski Palace Hotel Protorož.

    Status: Assignment completed in 2013, hotel has been sold

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    hungary22
    Valuations & Acquisition Due Diligence

    The Seychelles Valuation of a Proposed Luxury Resort

    Overview: Market and Financial Feasibility Assessment and Valuation of a Proposed Internationally Branded Luxury Resort

    Horwath HTL Solution: To assess the future market and financial potential and determine the Fair Value of the proposed internationally branded luxury resort.

    Status: Assignment completed in 2016, project is in planning phase

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  • hungary21
    Valuations & Acquisition Due Diligence

    Hungary, Slovakia, Czech Republic, Poland and Russia MaMaison Hotels Portfolio Valuation

    Overview: Portfolio Valuation of MaMaison Hotels Portfolio

    Horwath HTL Solution: Operational and financial review and audit of all properties within the chain comprising 12 hotels in 5 countries.

    Status: Assignment completed in 2012, portfolio was sold to CPI Hotels

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    hungary20
    Operator Selection & Contract Management

    Budapest, Hungary Hilton Budapest City Hotel

    Overview: Operator selection and management contract negotiations for the Hilton Hotel at WestEnd City Centre

    Horwath HTL Solution: We selected Hilton to operate the 230-key upscale hotel under its renowned core Hilton brand and successfully completed management contract negotiations and provided support throughout the entire contract negotiations process.

    Status: Hotel opened in 2000

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  • Hungary Alushta
    Operator Selection & Contract Management

    Alushta, Crimea, Russia Radisson Resort Alushta

    Overview: Market and Financial Feasibility Study and Successful Management Contract negotiations for the Radisson Resort in Alushta

    Horwath HTL Solution: We successfully completed management contract negotiations and provided support throughout the entire contract negotiations process.

    Status: Hotel opened in 2009

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    hungary19
    Operator Selection & Contract Management

    Sárvár, Hungary Park Inn by Radisson Sárvár Resort & Spa

    Overview: Market and Financial Feasibility Study and Successful Management Contract Negotiations for Park Inn by Radisson Hotel Sárvár in Hungary

    Horwath HTL Solution: To provide market and financial feasibility study and management contract negotiations for the resort hotel adjacent to the internationally renowned Sárvár Health Spa.

    Status: Hotel opened in 2004

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  • hungary17
    Operator Selection & Contract Management

    Moscow, Russia Four Points by Sheraton Moscow Vnukovo Airport

    Overview: Operator Search and Negotiations of Management Contract terms for the proposed Four Points by Sheraton Hotel at Vnukovo Airport, Moscow

    Horwath HTL Solution: We selected Starwood to operate a new 250-key hotel and successfully completed management contract negotiations and provided support throughout the entire contract negotiations process.

    Status: Hotel will open in 2017

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    hungary16
    Operator Selection & Contract Management

    Donetsk, Ukraine Park Inn by Radisson Donetsk

    Overview: On behalf of ESTA Holding (Client) we have selected Rezidor to operate a new 175-key hotel under its Park Inn by Radisson brand.

    Horwath HTL Solution:We successfully completed management contract negotiations and provided support throughout the entire contract negotiations process.

    Status: Hotel opened in 2012

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  • hungary13
    Tourism & Leisure

    Rosa Khutor Krasnaya Polyana, Russia

    Overview: Best Use Strategy and Market Study for the accommodation zones of the Mountain Resort Rosa Khutor in Krasnaya Polyana

    Horwath HTL Solution: Our task was to evaluate preliminary plans and formulate recommendations concerning the ideal amount of hotels, their optimal size and positioning in Roza Khutor, a large-scale upmarket ski resort.

    Status: Assignment completed in 2009, resort components started operation in 2011-2013

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    hungary12
    Tourism & Leisure

    System Plan for Tourism Development in the Republic of Kazakhstan Republic of Kazakhstan

    Overview: Horwath HTL network mandated by the Kazakhstan Industry Development Institute (KIDI) to elaborate the first tourism policy and objective setting document in the country.

    Horwath HTL Solution: The system plan has to put in place geographical, legal and managerial issues in one comprehensive system which will make tourism industry grow.

    Status: Assignment completed in 2012, on-going regional tourism planning are based on this system plan

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  • hungary9
    Planning & Development

    Budapest Airport Hotel, Hungary

    Overview and History: Commissioned between 2011 and 2013 to assess the market potential and feasibility of airport hotel developments at Budapest Airport.

    Horwath HTL Solution: We provided 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.

    Status: Assignments completed in 2011, 2012, and 2013. Project in preparation phase, proposed hotel will open in 2018-2019.

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    hungary8
    Planning & Development

    Proposed Golf Resort Development in Poro, Albania

    Overview: Requested to provide strategic advice concerning the overall concept of the proposed resort with regard to the main components, positioning, size, capacities, standards and configuration of facilities.

    Horwath HTL Solution: We presented the Client with the optimum resort development concept. Our report has been used for negotiations with international hotel operators, financial institutes and local authorities.

    Status: Assignment completed in 2014, the project is in preparation phase.

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  • hungary7
    Planning & Development

    Long Island, The Seychelles Luxury Resort & Spa

    Overview: Our Client was contemplating a luxury resort on Long Island, near Mahe.

    Horwath HTL Solution: Successfully completed management contract negotiations and prepared updated feasibility assessment reports. Recently prepared valuation for the entire resort and have been negotiating with potential new buyers on behalf of our Client.

    Status: Resort will be rebranded and is planned to open in 2019

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    hungary6
    Planning & Development

    Mixed-Use Complex and Marriott Hotel Project in Moscow

    Overview: Client was considering the acquisition of a mixed-use property. Horwath HTL requested to provide an acquisition due diligence support, market and financial feasibility study and valuation of the hotel and other key components of the development.

    Horwath HTL Solution: Provided requisite acquisition due diligence support and provided recommendations regarding the final concept.

    Status: Assignment completed in 2014. Hotel opened in 2015.

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  • hungary5
    Planning & Development

    Proposed Development of Tufenkian Heritage Hotels Portfolio in Areni, Dzoraget and Yerevan, Armenia

    Overview: The project included the assessment of extension of Avan Dzoraget Hotel, the development of Areni Wine-themed Resort Hotel and Winery and review of performance and operations of the flagship property, Tufenkian Historic Yerevan Hotel.

    Horwath HTL Solution: We visited each site and assessed the local market characteristics and provided recommendations and financial projections for the proposed portfolio.

    Status: Assignment completed in 2016 project is in preparation phase

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    hungary2
    Planning & Development

    Batumi, Georgia Kempinski Hotel and Mixed-use Development

    Overview: To prepare several market and financial feasibility studies with cash flow and return on investment projections. The project included several components such as vacation real estate for sale, resort hotel with an extensive spa, entertainment facilities, casino and numerous retail outlets.

    Horwath HTL Solution: We reviewed and optimised the original concept based on the return expectations of the Client and assessed the market conditions in various phases of the project.

    Status: Latest assessment completed in 2014. Resort in construction phase.

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  • hungary1
    Operator Selection & Contract Management, Planning & Development

    Renaissance by Marriott Hotel Budapest, Hungary

    Overview: Following a complete market and financial feasibility study we secured a signed management contract with Marriott for the proposed Renaissance Hotel in 2008.

    Horwath HTL Solution: We prepared our expert report and financial projections taking the proposed configuration of facilities into consideration.

    Status: Assignment completed in different phases between 2007 and 2016.

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    ampersand
    Asset Management & Strategic Advice, Valuations & Acquisition Due Diligence

    Ampersand Hotel in South Kensington – London, UK

    Overview: Operations Audit and Valuation of an Operating Upscale Boutique Hotel in South Kensington
    Horwath HTL Solution: Horwath HTL has been approached by the owners of the hotel to assess the future market and financial potential and determine the Fair Value of the property. During our assessment we have reviewed the past and current operation of the hotel and analysed its financial performance in view of the current market characteristics.
    Status: Assignment completed in 2012, hotel opened in 2013

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  • taverna
    Asset Management & Strategic Advice

    Taverna Group Portfolio – Budapest, Hungary

    Overview: Operations and Financial Audit of Hotels in Taverna Group Portfolio
    Horwath HTL Solution: First phase of the complex engagement included an in-depth analysis of operations and market potential of 5 city hotels in Budapest. Second phase comprised our recommendations and projections for increasing revenue and cash-flow generating ability of the reviewed hotels.
    Status: Assignment completed in 2011, hotels are in operation

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    tura
    Asset Management & Strategic Advice

    Schossberger Castle – Tura, Hungary

    Overview: Asset management services for the owners of the Schossberger Castle
    Horwath HTL Solution: Horwath HTL has been requested by the owners of the property to provide asset management services including the investigation of various potential concepts, recommendations for the development of a best-use concept and preparation of long-term development strategy.
    Status: Assignment completed in 2012, project is in planning phase

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  • bikal
    Asset Management & Strategic Advice

    Puchner Castle Hotel and Medieval Theme Park – Bikal, Hungary

    Overview: Financial Audit of Puchner Castle Hotel and Medieval Theme Park
    Horwath HTL Solution: To review and evaluate the operations, financial efficiency and business plan of this unique castle hotel and its adjacent attraction, a medieval village located near Pécs, Hungary. The objective of the assignment was to help the financing bank in its decision making to consider funding of the property’s further development.
    Status: Assignment completed in 2011, hotel and park are in operation

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    orban
    Asset Management & Strategic Advice

    Szent Orbán Erdei Wellness Hotel – Kóspallag-Nagyírtáspuszta, Hungary

    Overview: Operations and financial audit for the Szent Orbán Erdei Wellness Hotel
    Horwath HTL Solution: To review and evaluate the operations, financial efficiency and business plan of this wellness hotel located in a mountain location. The aim of this assignment was induced by the current unfavourable market conditions and operational difficulties resulted in serious cash-flow problems.
    Status: Assignment completed in 2011, hotel is in operation

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  • minsk
    Asset Management & Strategic Advice, Valuations & Acquisition Due Diligence

    Hotel Europa – Minsk, Belarus

    Overview: Operations Review, Potential Assessment and Acquisition Due Diligence of the 5-star Hotel Europe.
    Horwath HTL Solution: Client has been approached to purchase the Hotel Europe in Minsk. Horwath HTL was responsible for the review of the operation
    Status: Assignment completed in 2012, hotel is in operation

    Tudjon meg többet
    hiltoncity
    Asset Management & Strategic Advice

    Hotel Hilton City – Budapest, Hungary

    Overview: Property Due Diligence and F&B Concept for Hilton City Budapest Hotel.
    Horwath HTL Solution: Horwath HTL has prepared the property due diligence for an international upscale hotel downtown Budapest. In order to address the issues discovered during the assessment we have provided strategic advice on the development of the hotel’s F&B concept and conference facilities.
    Project status: Assignment completed in 2014, project is in planning phase.

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  • abacus
    Asset Management & Strategic Advice

    Hotel Abacus – Herceghalom, Hungary

    Overview: Operations Audit for the Abacus Business & Wellness Hotel
    Horwath HTL Solution: The financing bank has retained Horwath HTL to review and evaluate the operations, financial efficiency and business plan of this hotel located in the catchment area of Budapest. The aim of this assignment was induced by the unfavourable performance of the subject hotel resulted in cash-flow and dept service problems.
    Status: Assignment completed in 2015, hotel in operation with increased cash flow generating ability

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    sopron
    Asset Management & Strategic Advice

    Hotel Fagus – Sopron, Hungary

    Overview: Ownership support in relation with the repossession, operation and exit potential evaluation of the Hotel Fagus in Sopron, Western Hungary
    Horwath HTL Solution: Horwath HTL Hungary was commissioned by the owner of the property to provide support in form of independent expert reports in its decision making prior to and after the repossession of the asset.
    Status: Assignment completed in 2016, decision making in progress

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  • gresham
    Asset Management & Strategic Advice

    Four Seasons Hotel Gresham Palace – Budapest, Hungary

    Overview: New Restaurant and Banqueting Concept Review, Market Assessment, Demand and Revenue Projections for an International Luxury Hotel in Budapest
    Horwath HTL Solution: The purpose of this assessment was to advise Client in its decision-making concerning a new hotel restaurant development in the Four Seasons Hotel Gresham Palace Budapest.
    Status: Assignment completed in 2014 and the restaurant opened in 2015

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    beceg
    Health & Wellness, Planning & Development

    Thermal Spa & Resort Hotel – Becej, Sebria

    Overview: Development of a thermal spa and hotel complex on an extensive greenfield area.

    Horwath HTL Solution: Provided detailed market assessment, site and project appraisal together with a review of the development concept plan in order to confirm the proposed project plans.

    Status: Assignment completed in 2013, project in planning phase.

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  • sarvar
    Health & Wellness

    Spirit Hotel Thermal Spa – Sárvár, Hungary

    Overview: Project Review and Financial Feasibility for the Spirit Hotel Thermal Spa in Sárvár.
    Horwath HTL Solution: Horwath HTL Hungary & Russia have been commissioned by the financing bank to examine the financial viability of the project, review the final concept, make necessary recommendations to achieve the best available return and prepare financial projections. The property is now trading as the most luxury and leading health spa resort in Hungary.
    Status: Resort in Operation since 2008

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    harkany
    Health & Wellness

    Harkány Medical Spa and Thermal Bath – Harkány, Hungary

    Overview: Review and Evaluation of the Harkány Medical Spa and Thermal Bath.
    Horwath HTL Solution: In order to assist ERSTE Bank to finance the redevelopment process of the evaluated Harkány medical spa and thermal bath in Harkány, Baranya County, Hungary. Horwath HTL Hungary & Russia have reviewed the operations of the spa both from operational and financial prospect and based on our review and findings we have made recommendations for the proposed redevelopment scheme and concept.
    Status: Planning Phase, 2012

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  • rogner
    Asset Management & Strategic Advice, Health & Wellness

    Rogner Hotel & Spa Lotus Therme – Hévíz, Hungary

    Overview: Operations and Financial Audit for the former Rogner Hotel & Spa Lotus Therme.
    Horwath HTL Solution: A consortium of Italian banks has financed the acquisition of the Rogner Hotel & Spa Lotus Therme in Hévíz. We have been commissioned to prepare an overview of the operation, the financial liability and profitability of Hungary’s arguably most well-known wellness spa resort, and the only operated by an Austrian hotel group.
    Status: Resort in Operation since 2010

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    urbanspa
    Health & Wellness

    Urban SPA Resort – Moscow, Russia

    Overview : Market and Financial Feasibility Study for a proposed Urban Health Resort Hotel and Destination Spa Complex in Krasnogorsky district, Moscow
    Horwath HTL Solution: The project comprises the development of an urban resort hotel adjacent to a unique destination spa including extensive medical and health spa facilities in the outskirt of Moscow city.
    Status: Preparation Phase in 2013

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  • aquaworld
    Asset Management & Strategic Advice, Health & Wellness

    Ramada Resort Aquaworld – Budapest, Hungary

    Overview: Operations Audit for the Ramada Resort Aquaworld Budapest
    Horwath HTL Solution: Ramada Resort Aquaworld Budapest is the largest indoor adventure spa and hotel complex in the CEE. Horwath HTL Hungary & Russia were commissioned to undertake a detailed operations audit of the owner-operated property.
    Status: Resort in Operation since 2010

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    beregovo
    Asset Management & Strategic Advice, Health & Wellness, Planning & Development

    Thermal Maximus Hotel, Spa & Aqua Park, Beregovo, Ukraine

    Overview: Development of an extensive thermal spa and resort hotel complex in addition to a summer aqua-park and vacation real estate complex.

    Horwath HTL Solution: To undertake a detailed market assessment, site and project appraisal together with a review of the development concept plan in order to confirm the proposed project plans.

    Status: Assignment completed in 2014 and 2015, project in preparation phase.

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  • sopron
    Health & Wellness

    Scarbantia Hotel and Destination Spa – Sopron, Hungary

    Overview Market and Financial Feasibility Study and Concept Development Review for a Proposed Urban Resort Hotel and Spa in Sopron, Hungary
    Horwath HTL Solution: A private investor is planning the development of a multifunctional urban resort including an internationally branded upscale hotel and an exclusive spa and wellness centre in the centre of historic town of Sopron, West Hungary.
    Status: Planning Phase, 2016

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    jumeirah
    Health & Wellness

    Concept Review Jumeirah Talise Wellness Resort – Dubai, United Arab Emirates

    Overview: Concept review and feasibility assessment for the prototype Talise Wellness Spa concept.

    Horwath HTL Solution: We have been requested to examine the market feasibility of the proposed Jumeirah Talise Wellness Resort to provide a clear understanding of current market characteristics and future potential for a Destination Spa resort in the proposed location.

    Status: Completed in 2008

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  • 1
    Asset Management & Strategic Advice, Health & Wellness, Operator Selection & Contract Management

    Feasibility Study Rácz Thermal Spa & Hotel – Budapest, Hungary

    Overview: Feasibility, Operator and Investor Search for the Rácz Thermal Spa & Hotel

    Horwath HTL Solution: Horwath HTL Hungary & Russia have been supporting the owners of the property in securing an international management company and co-investor for the most luxurious thermal spa and boutique hotel complex in Budapest and possibly in Europe.

    Status: On-going, expected opening in 2017

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    hungary15
    Operator Selection & Contract Management

    Hotel Rixos Shymkent – Shymkent, Kazakhstan

    Overview: Management contract negotiation support for the recently opened Rixos Hotel in Shymkent, South Kazakhstan

    Horwath HTL Solution: We have successfully completed management contract negotiations for a brand new Rixos Hotel and provided support to the developer throughout the entire contract negotiations process.

    Status: Hotel opened in 2014

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  • hungary4
    Planning & Development

    Krasnaya Polyana, Russia – Gorky Gorod Mountain Resort

    Overview: Development of 12 internationally branded hotels and resorts (3-4-5-star) including a total of 1,600 letting units; 2,000 apartments, villas and chalets for sale; a destination spa; retail and entertainment centre, and complex ski infrastructure.

    Horwath HTL Solution: We prepared the final concept recommendations and financial projections for the key resort components in order to help the financing Russian bank in its decision making procedure.

    Status: Assignment completed in 2012.

    Tudjon meg többet
    hungary3
    Planning & Development

    Sochi, Russia Theme Park Development

    Overview: To evaluate Russia’s first international quality Theme Park project in Sochi and make recommendations for the final concept, assess the market and prepare financial projections for this landmark attraction.


    Horwath HTL Solution:
    We conducted extensive market research, prepared and analysed customer surveys, provided invaluable assistance for the financing institutions and aided the developer in the implementation of project phasing.

    Status: Assignment completed in 2012 and 2013. Theme park has been in operation since 2014.

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  • balaton
    Asset Management & Strategic Advice

    Ramada Hotel & Resort Lake Balaton – Lake Balaton, Hungary

    Overview: Operations and Financial Audit for the Ramada Hotel & Resort Lake Balaton

    Horwath HTL Solution: At the request of ERSTE Bank, the owner has retained Horwath HTL to review and evaluate the operating performance, potential assessment and capital investment plan of the Ramada Balaton property, one of the largest and best-known hotels around the Balaton area.

    Status: Operations and Financial Audit for the Ramada Hotel & Resort Lake Balaton

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    portfolop valuation
    Valuations & Acquisition Due Diligence

    CEE Region (Russia, Czech Republic, Hungary, Poland, Slovakia) – Hotel Portfolio Valuation

    Overview: Valuation of an international hotel portfolio with properties in 5 countries and 7 cities in the CEE.

    Horwath HTL Solution: Horwath HTL Hungary & Russia have been requested to value each individual hotel (12 properties in total) in the portfolio on the basis of their market value. Valuation has been prepared in accordance with the RICS Valuation Standards. The practice of our analysis comprised a review of supply and demand dynamics in the market, and its impact on the future financial performance of the properties.

    Status: Assignment completed

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  • hungary23
    Valuations & Acquisition Due Diligence

    4 Regional Cities, Russia – Valuation of Courtyard by Marriott Hotels

    Overview: Business Valuation for Courtyard by Marriott Hotels in Saint Petersburg, Kazan, Irkutsk and Nizhny Novgorod.

    Horwath HTL Solution: To prepare business valuation of the individual hotel assets (4 existing and 1 proposed hotels) with a total of 1,000 rooms managed under the Courtyard by Marriott brand.

    Status: Assignment completed

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    grosvenor
    Asset Management & Strategic Advice, Valuations & Acquisition Due Diligence

    London, UK – Grosvenor Kensington Hotel

    Overview: Acquisition Due Diligence of the former Grosvenor Kensington Hotel in London.

    Horwath HTL Solution: Horwath HTL Hungary has been commissioned to find a hotel asset to be acquired by a high-profile Russian investor. Following long investigation of dozens of properties, the Grosvenor Kensington Hotel was selected. Subsequently, we have prepared for the buyer a due diligence report to support his decision about the acquisition of the Grosvenor Kensington Hotel in London.

    Status: Assignment completed in 2011, transaction was completed, hotel was converted into an upscale property

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  • hungry27
    Valuations & Acquisition Due Diligence

    Bük – Radisson SAS Birdland Resort & Spa

    Overview: Transactional advice to the seller of this integrated property including a 5-star hotel, 18-hole championship golf course, 100 apartments sold to foreign investors, a 3000 sqm medical spa, outdoor pools and vacation ownership scheme, the former Radisson SAS Birdland Resort.

    Horwath HTL Solution: Horwath HTL Hungary has provided transaction support to seller in the sale of this property to the Horwath HTL-introduced buyer.

    Status: Assignment completed in 2006, resort was sold and rebranded in 2010

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    hungary10
    Tourism & Leisure

    Gödöllő, Hungary – Strategic Development Plan for the Gödöllő Royal Palace

    Overview: Strategic development plan for Gödöllő Royal Palace and its immediate environment

    Horwath HTL Solution: Focus has been put on the revision and preparation of the project development concept followed by the feasibility assessment of the proposed developments to provide a clear view on the relevant attraction and accommodation markets and related sights, the analysis of relevant demand and viability of the entire development project.

    Status: Assignment completed in 2006, property was re-developed and opened in 2011 for the EU Presidency

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  • hungary11
    Tourism & Leisure

    Budapest, Hungary – Tourism Strategy and Brand Development Concept of the Capital City

    Overview: Destination assessment, Vision, Positioning and branding, Development programme

    Horwath HTL Solution: The Budapest Office has been involved in the preparation of the mid- and long-term Tourism Strategy and Brand Development Concept of the Capital Budapest for the period 2005-2010.

    Status: Assignment completed

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Összes projekt