Budapest Airport Hotel – Budapest, Hungary
Scope of Work:
- Financial Feasibility Study and Concept Review for the proposed on-site Airport Hotel at Terminal 1, Budapest Airport;
- Financial Feasibility Study and Concept Planning for the proposed International Hotel at Terminal 2, Budapest Airport;
- Updated Market and Financial Feasibility Study.
Overview and History: We were commissioned between 2011 and 2013 to assess the market potential and feasibility of airport hotel developments at different terminals of the 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.
Status: Assignments completed in 2011, 2012, and 2013. Hotel opened in 2019 as Ibis Styles Airport Hotel.