• Hotel and Real Estate Services

Hotel and Real Estate Services

Hotel and Real Estate Advisory is one of our most dynamically developing service line with the involvement of seasoned advisors. The managing partners, Mr. Richárd Németh, Mr. Attila Hegedűs and Mr. György Rábai have nearly 25 years of working experience in the fields of tourism, hospitality and real estate advisory and valuations and have participated in hundreds of projects in Hungary, Central and Eastern Europe, Russia and the CIS countries.

As valued partners of real estate owners, investors and financiers we offer tactical and strategic decisionmaking tools and operational solutions. Our involvement can extend throughout the entire lifecycle of a project from ideas to realisation and are aimed at enhancing the profitability of various real estate, hotels and leisure complexes thus increasing the value of the properties.

General Real Estate Advisory

  • Hotel and real estate market and financial feasibility studies
  • Property valuation of different profile real estate in line with international standards
  • Financial, operational, conceptual and productivity reviews and due diligences for real estates, and for real estate companies in cooperation with the Corporate Finance Department
  • Master planning, highest- and best use concepts, visualisation (planning supervision)
  • Project preparation – tendering and selection of architects, project management team
  • Owners’ and Banks’ professional representation - Asset development and asset management solutions
  • Project management – in planning and development stage, owner and/or financier support
  • Review of problematic cases
  • Implementation of real estate restructuring, refinancing and work out strategies in cooperation with the Corporate Finance Department
  • Real estate transaction preparation, due-diligence, strategic advisory, implementation
  • Property investment advisory, investment information documentation
  • Location advisory (location assessment, tenant advisory)
  • Property taxation advisory to support the current/future use or proposed transaction
  • Real estate advisory in mixed-use projects, special purpose real estate advisory
  • Review/preparation of audit purpose valuations in line with international standards
  • Building sustainability assessments, BREEAM rating advisory

Hotel and Tourism Specific Advisory

  • Tourism strategies, destination management and programming
  • Quality assurance, action plans, professional support for state and governmental bodies, municipalities
  • Review of EU/government fund applications and projects
  • Operator, tenant and franchise selection
  • Managing operator relations
  • Pre- opening planning, hotel and restaurant sales and marketing concepts, introduction and fine tuning
  • Operation support prior opening: marketing, sales, budget preparation
  • Operation efficiency increases – expense optimisation and revenue increase through sales and marketing enhancements
  • Strategic advisory in creating efficient operating structures, assistance in building up a company structure
  • Solutions for immediate staffing and management issues
  • Identification of interim or long –term management and operational solutions

Online Advisory for the Hotel and Tourism Sectors

  • Website review and development advisory
  • Formulating strategic online presence
  • Representing owner’s interest when negotiating with various online travel agents
  • Yield- and revenue management
  • Online sales and marketing solutions, implementation of guaranteed revenue increase techniques

 

Complex Services – Creativity and Reality

The above services are complemented and strengthened by BDO Hungary’s audit, tax, financial advisory and corporate finance services. We therefore offer complex – financial and professional – solutions for financial institutions and owners.

International Background

BDO’s global network and knowledge base ensures us the availability of global and regional information and data at all times. Based on our local and international knowledge of the real estate and tourism sectors we tailor our services and solutions for both local and international projects and properties.

BDO Hungary, with the active support and participation of the more than 1,000 offices in more than 100 countries creates personalised and sector specific solutions for its clients. These solutions enable any potential new entrant or entity already active in the Central and Eastern European region  – be it a developer, investor or a prospective financier – to merit from the profitability of projects and properties.