PKF hospitality group has strategically supported the institutional owner in overseeing this asset for over ten years. This initially included a realignment of the lease agreement which served as an important foundation to successfully work with the hotel management on an ongoing basis to realise major capital improvements, a strong year-on-year development of the operational performance and growth in value of the property (pre-corona).

• client: OIK Hotel Hungary Kft. – managed by Patrizia
• location: Budapest, Hungary
• year of assignment: 2010 – ongoing
• service line: asset & performance management
• operator/brand: Arena Hospitality Group/art’otel
• capacity: 165 rooms & suites
• other facilities: one restaurant & bar, meeting rooms
• unique features: central location at the Danube River