Location: On the Pest (East) side of the River Danube, Budapest, Hungary
Guide Price: €120m+ (TBC)
No. of Keys: 260, 85 and 70 rooms – 430 in total
The Opportunity: A portfolio of three hotels, all four-star in the centre of Budapest, in a 15-minute drive radius, with it’s own brand platform. The largest boasts: The coolest four star superior design hotel is located in Budapest’s downtown standard, executive, deluxe rooms and suites- reflected by art deco features, perfect harmony and fine elegance combining a modern world of colours and forms. The hotel welcomes guests, providing business and tailor-made services with well-equipped conference rooms, Wellness and Fitness centre, Massage, Restaurant with terrace, Rooftop Pool, Gallery Café & Corporate Lounge and underground private parking garage.
The other two hotels are of a similar size – around 80 rooms, and are also four-star, stylish. One boasts a Michelin-star restaurant, the first in the city. SV
Main Photo: The larger of the three hotels
Current Owner: A local company
Flag and Management: The trio available free of management…either retain the current brand or not
Tenure: Freehold, or a long-lease available
Agent: Local agent in partnership with The Hotel Property Team
Guide Price: Around €120m…to be confirmed
Guide Price per Key: say €525k
Date Posted: October 2020
THPT Comment: A great opportunity to secure this trio of hotels in the central part of Budapest…add to existing hotels, or inherit a brand and sale platform.
Contact us for further information
This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.