Hotel Abacus – Herceghalom, Hungary – Budapest
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. Our client aimed at providing help for the hotel to be able to get over the difficulties and restructure its operation and financial model therefore commissioned Horwath HTL to prepare an operations and financial audit report concerning the subject hotel.
Status: Assignment completed in 2015, hotel in operation with increased cash flow generating ability