Austrian property developer Warimpex has announced plans to build 20 hotels in Hungary over the next five years.
The building programme is expected to cost €150m-€200m.
Warimpex says it will convert most of the hotels from offices, though it will build some new properties.
The mid-range hotels will be located in cities such as Budapest, Tatabánya, Pécs, Debrecen and Gyõr.
By staff writer