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Art’otel Budapest



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