a&o is building a strong presence in Budapest
a&o Hotels and Hostels, one of the largest European hostel companies is about to establish a strong presence in Budapest, according to Péter Takács, Partner of VLK Cresa, who said that the chain’s 114-room, 412-bed hostel is scheduled to open in the city center of Budapest in March 2020 in district seven Csengery street.
One or two months of delay could be possible due to the current lack of local construction capacity, but it is certainly not holding back the company from building out a strong presence in the longer term, planning with up to one thousand beds in the Hungarian capital. Their first property is owned by a&o, future properties will most likely be operated on a lease basis.
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