any interest about the Queen of Llamas?
So this week I've been looking at buying a hostel thats just closed down, its an amazing building that has a tonne of potential to be monetised properly. Previously they just used half of the space and had charged 4 euros a night rent!!
This is the building, it has 3 main floors, a huge cellar and a huge attic, its a really nice building, in probably the top 3 streets in the city.
The rooms are currently in really bad condition and it was designed as a place for very cheap hostel go-ers who would spend very little time in the building except for sleeping. People seemed to not take too good care of it
This is how they currently sleep
The space inside is really interesting though, not only the location, but the inside looks perfect for some kind of underground club to monetise the basement (currently it has nothing at all in terms of revenue stream there, its deserted and empty)
My bar is exactly opposite which is great for collaboration stuff:
You can see instant 3 doors away, Instant is probably the most popular place for tourists to go to in Budapest, its a huge club with lots of different rooms, basically a miniature Razzmatazz from Barcelona, but really quirky
Its a huge building, goes very deep and there is a lot of potential, I think GTO would be to use the front of the building where you can see theres 2 shops that are closed down as bars, maybe really boutique cocktail bars, use the cellar as an underground late night party place and then use the actual building as somewhat of a boutique hotel or maybe just a better hostel thats ran better and is a little bit more presentable. It all ties in very well, but lets see how greedy the landlord is going to be in terms of costs.
Will update next week about this project.